WALTHAM, Mass., April 26, 2013 /PRNewswire/ -- Raytheon Company (NYSE: RTN) and Student Veterans of America (SVA) launched a new scholarship program for student veterans who are pursuing an undergraduate or graduate degree in science, technology, engineering or math. Three student veterans -- who are enrolled in a STEM degree program and have demonstrated leadership in their local communities -- will each be awarded a $10,000 scholarship, for a total commitment of $30,000 in scholarships. Applications are now being accepted through July 12, 2013.

"Student veterans have the potential to usher in a new generation of American progress and to address some of our nation's most pressing needs, especially in the STEM fields," said Michael Dakduk, executive director of Student Veterans of America. "Our partnership with Raytheon supports the professionals who are well equipped to answer the challenges of tomorrow."

Raytheon and SVA joined forces in November 2012 with a shared mission to provide military veterans with the resources, support and advocacy needed to succeed in higher education. Such empowerment helps our nation's warfighters find success in their civilian lives, developing a generation of professionals who already understand the importance of leadership, discipline and perseverance.

The scholarships will be funded from a $50,000 grant Raytheon previously presented to SVA. This grant will also fund:

• Support for the Leadership Institute Series, which provides training to SVA chapter leaders aimed at improving peer support for student veterans.
• Launch of the Student Veterans Outcomes Project, an effort to track the graduation rates of student veterans on campuses nationwide.

About Student Veterans of America
SVA is a 501(c)(3) non-profit coalition of more than 800 student veteran organizations on college campuses globally. Founded in 2008, the SVA's mission is to provide military veterans with the resources, support and advocacy needed to succeed in higher education and following graduation. The peer-support provided by each SVA chapter has been linked to an easier transition to campus and greater academic success for student veterans.

About Raytheon
Raytheon Company, with 2012 sales of $24 billion and 68,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 91 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems; as well as a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @raytheon.

Media Contacts

Raytheon Company
Tina Martineau
+1.781.522.6490
corporatepr@raytheon.com

InkHouse
Scott Montminy
+1.781.966.4100
raytheonpr@inkhouse.com

SOURCE Raytheon Company