WALTHAM, Mass., June 15, 2006 /PRNewswire-FirstCall/ -- Raytheon Company (NYSE: RTN) announced today that it will distribute warrants on June 16, 2006 in connection with the settlement previously announced on May 13, 2004, of the "In re Raytheon Company Securities Litigation," Case No. 99-12142-PBS, in the U.S. District Court for the District of Massachusetts.

The warrants will be listed for trading on the New York Stock Exchange as of June 16, 2006 under the symbol "RTN WS."

Additional information regarding the distribution of the warrants can be viewed under "Shareholder Information" on the Investor Relations web page of the Company's internet web site at http://www.raytheon.com/.

Raytheon Company with 2005 sales of $21.9 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 80,000 people worldwide.

  Contact
  Steve Brecken
  781.522.5127

  Investor Relations
  Greg Smith
  781.522.5141

SOURCE: Raytheon Company

CONTACT: Steve Brecken, +1-781-522-5127, or Greg Smith, Investor
Relations, +1-781-522-5141, both of Raytheon

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