GARLAND, Texas, May 20  /PRNewswire-FirstCall/ -- Raytheon Company has
appointed Nancy H. Greer as vice president of Finance and chief financial
officer for Raytheon Intelligence and Information Systems (IIS). In this
capacity, she will be responsible for directing overall financial policies and
procedures for the IIS business. Greer begins her new role June 7 and will be
based here.

    Greer brings to Raytheon more than 20 years of professional financial
experience. She most recently served as senior vice president and chief
financial officer of Alcatel North America in Plano, Texas. Previously, she
held positions of increasing responsibility at Ernst & Young and DCS
Communications. Greer is a certified public accountant, holding an accounting
degree from the University of Texas-Austin.

    "Ms. Greer's analytical, organizational and leadership skills are a
perfect match for us as we continue to improve and enhance our finance
operation," said Mike Keebaugh, IIS president. "In addition to participating
in numerous acquisitions, she is well-known for identifying best practices,
implementing consistent accounting policies and procedures, and ensuring
strict adherence to governmental disclosure requirements."

    Raytheon Company's Intelligence and Information Systems provides superior
solutions for defense and government customers, specializing in signal and
image processing, geospatial intelligence, air- and space-borne command and
control, ground engineering support, weather and environmental management,
homeland security and information technology.

    IIS had 2003 sales of $2 billion, and employs 8,200 professionals at major
sites in Aurora, Colo.; Falls Church, Va.; and Garland, Texas, its
headquarters.

    Raytheon Company, (NYSE: RTN), with 2003 sales of $18.1 billion, is an
industry leader in defense and government electronics, space, information
technology, technical services, and business and special mission aircraft.
With headquarters in Waltham, Mass., Raytheon employs 78,000 people worldwide.


  Contact:
   Patrick McKenna
   972.205.7121


SOURCE: Raytheon Company

Web site:  http://www.raytheon.com/