TUCSON, Ariz., Jan. 17, 2007 /PRNewswire/ -- For its timely and proficient support of the warfighter in the field, the Javelin Joint Venture Logistics Support Team has received the Defense Logistics Award for Contractor-Military Collaboration of the year from the U.S. Defense Logistics Agency.

Steve Barnoske, director for Tactical Missiles at Lockheed Martin Missiles and Fire Control, accepted the award during the 3rd Annual Defense Logistics awards ceremony in Washington, D.C., near the end of 2006.

Javelin is the world's first one man-portable and employable fire-and- forget medium-range missile system. Designed to take the fight to the enemy, the compact, lightweight Javelin is ideally suited for one-soldier operation in all environments. It is produced by the Raytheon Company (NYSE: RTN) - Lockheed Martin (NYSE: LMT) Javelin Joint Venture.

"The Javelin Joint Venture Logistics Support Team executed more than 60 repairs in support of Operations Enduring Freedom and Iraqi Freedom with an average turn-around time of just 18 days from the fighting position to the contractor depot and back to the warfighter," said Duane Gooden, president, Javelin Joint Venture. "We are providing a mission support effort that is as sophisticated and reliable as the weapons we put into the hands of the warfighter. This award is a target hit for this team."

The Javelin Joint Venture logistics support infrastructure uses a highly efficient and secure network of commercial Category III Arms, Ammunition and Explosives hardware transportation.

"This award represents a focused team effort between government and industry," said Howard Weaver, Javelin Joint Venture vice president. "The team established and managed a 24-hour-a-day, seven-days-a-week Information Technical Operations Center that communicates and supports soldiers deployed worldwide."

The Javelin Joint Venture Logistics Support Team includes representation from the Close Combat Weapon Support Program Office at Redstone Arsenal, Ala.; the Raytheon and Lockheed Martin Javelin Joint Venture; Raytheon Missile Systems; Lockheed Martin Missiles and Fire Control; the Javelin Maintenance Support Center in Los Angeles, Calif.; Depot Partner Letterkenny Army Depot; and DHL Global Forwarding.

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.

Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration and sustainment of advanced technology systems, products and services.

  Contact:

  Lockheed Martin                    Raytheon
  Jennifer Allen                     Everett Tackett, APR
  407.356.5351                       520.794.9494

SOURCE: Raytheon Company

CONTACT: Jennifer Allen of Lockheed Martin, +1-407-356-5351; or Everett
Tackett, APR of Raytheon Company, +1-520-794-9494

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