TUCSON, Ariz., Nov. 30, 2006 /PRNewswire/ -- Raytheon Company (NYSE: RTN) was awarded a $2 million contract for its Paveway™ II laser-guided bomb kits in a winner-take-all U.S. Air Force competition.

Raytheon will provide Paveway GBU-10 air foil groups, used with 2,000- pound Mk-84 warheads, under a contract with Ogden Air Logistics Center, Hill Air Force Base, Utah. The award was based on several factors, especially low price.

Paveway II precision guided bomb kits convert "dumb" bombs into precision guided munitions. Air foil groups, mounted on the rear of bombs, stabilize the munitions as they fly. Seeker units, mounted on the front of bombs, offer laser guidance or in the case of Enhanced Paveway™ dual-mode laser-Global Positioning System (GPS) guidance for pinpoint accuracy in all weather conditions.

Raytheon's legacy of more than 35 years of laser-guided bomb development and manufacturing experience has seen more than 250,000 Paveway II precision guided weapons delivered to the United States and more than 35 allied nations for use on 25 different aircraft.

Raytheon also developed and produces the battle-proven Enhanced Paveway family of precision guided munitions that features a dual-mode GPS-laser guidance capability that can be used in all weather conditions against a variety of targets. Raytheon's Enhanced Paveway II remains the only low-cost, dual-mode, direct-attack weapon system that is combat proven and in full-rate production for more than five years for U.S. and allied forces. Enhanced Paveway II is under contract for integration on the Eurofighter aircraft and negotiations are under way for integration on the Joint Strike Fighter.

Raytheon is the sole provider of the Paveway family of precision guided weapons.

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.

NOTE TO EDITORS: This contract was initially announced by the U.S. Department of Defense on Sept. 28. Paveway is a trademark of Raytheon Company.

   Contact:  Alan D. Fischer
             520.794.1211
             Raytheon Company

SOURCE: Raytheon Company

CONTACT: Alan D. Fischer of Raytheon Company, +1-520-794-1211

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