TUCSON, Ariz., June 22  /PRNewswire/ -- The Czech Republic signed a Letter
of Agreement (LOA) in April with the U.S. government to provide the Javelin
weapon system to its army resulting in a contract award to the Raytheon-
Lockheed Martin Javelin Joint Venture. The Czech sale represents one of nine
international customers that have selected Javelin during the past two years

    Proven in recent combat operations, Javelin proved highly effective
against engagements of enemy tanks, armored personnel carriers, bunkers and
fortifications by U.S. Army, Marines and Australian Army commandos.

    "With its sophisticated missile seeker and tracker, the lightweight, one
man-transportable Javelin has proven to be the soldier's best means of
engaging a full spectrum of target sets with well over 90 percent first-time
gunner success rate," said Mike Crisp, president, Javelin Joint Venture.
"Additionally, Javelin has tremendous growth potential with the missile's
modular construction, Command Launch Unit (CLU) software enhancements and its
adaptability to a wide range of platforms."

    "Javelin has proven to be more than just the world's most lethal medium
range anti-armor system. With the CLU's stand-alone surveillance capability,
it is also ideally suited for peace keeping and peace enforcement operations,"
said Howard Weaver, Javelin Joint Venture vice president.

    Raytheon Company, which leads the Joint Venture, provides system
engineering management and support for the Javelin Joint Venture and produces
the CLU, missile guidance electronic unit and system software. Work is
performed primarily at Raytheon Missile Systems in Tucson, Ariz., and at other
Raytheon facilities in Texas, Massachusetts, California and the United
Kingdom.

    Lockheed Martin provides missile engineering and production support for
the Javelin

    Joint Venture in Orlando, Fla., produces the missile seeker in Ocala,
Fla., and performs missile all-up-round assembly in Troy, Ala.

    The Javelin medium-range missile system is the world's first one man-
transportable and employable fire-and-forget anti-armor missile system. The
compact, lightweight Javelin is ideally suited for one-soldier operation in
all environments (extreme cold, heat and wet conditions, indicative of
mountain, desert and jungle climates).

    The Czech Republic's decision to purchase Javelin ensures its military's
interoperability with the U.S. Army, Marine Corps and Special Operations
Forces deployed worldwide. In addition to U.S. forces, Australia, Ireland,
Jordan, Lithuania, New Zealand, Norway, Taiwan and the United Kingdom have
selected Javelin.

    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.

    Headquartered in Bethesda, Md., Lockheed Martin (NYSE: LMT) employs about
130,000 people worldwide and is principally engaged in the research, design,
development, manufacture and integration of advanced technology systems,
products and services.


  Contacts:
   Raytheon Missile Systems       Lockheed Martin
   Sara Hammond                   Jennifer Allen
   520.794.7810                   407.356.5351


SOURCE: Raytheon Company

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