GOLETA, Calif., Aug. 31  /PRNewswire/ -- Raytheon Company (NYSE: RTN) has
been awarded a $43.3 million contract for production of its ALR-67(V)3 radar
warning receiver system for the U.S. Navy.

    The ALR-67(V)3, which is the state-of-the-art radar warning receiver on
U.S. Navy F/A-18E/F carrier-based tactical aircraft, recently completed a
successful initial deployment in Operation Iraqi Freedom.

    The award was received from the U.S. Navy's Naval Air Systems Command,
Patuxent River, Md., and calls for the delivery of 30 radar warning receivers
plus spares. Four annual follow-on options call for 140 additional systems and
are valued at $166.3 million.

    "This fourth generation radar warning receiver, the ALR-67(V)3, is a major
component of the Super Hornet's Integrated Defensive Electronic
Countermeasures set, one of the keys to the aircraft's survivability," said
F/A-18 Program Manager Capt. BD Gaddis. "Today's event is yet another
important step in the evolutionary, spiral development of the F/A-18, keeping
it ahead of the evolving threat and at the same time developing available and
affordable elements of the aircraft."

    Deliveries of the system under the Lot 6 contract will begin in October
2005 and are expected to be complete by September 2006. The production award
represents the sixth full rate production lot awarded to Raytheon. Low rate
initial production of the system began in June 1998, followed by full rate
production (Lot 1) in August 1999.

    "This award is a validation of the superior performance demonstrated by
the ALR-67(V)3 in Operation Iraqi Freedom," stated Pat Hurley, vice president
and general manager, Raytheon Electronic Warfare Systems. "And it is another
example of a Raytheon product contributing to a complete mission systems
solution."

    The system, designated the AN/ALR-67(V)3, provides advanced techniques to
detect and identify threat radar emitters, thereby enhancing the survivability
of aircraft equipped with the system. A total of 242 radar warning receivers
plus spares has now been ordered under the overall production program. Future
international sales of the system are also possible. Work on the radar warning
receiver is being done by the company's Electronic Warfare Systems
organization in Goleta, Calif., with support provided by facilities in El
Segundo, Calif., Forest, Miss., and McKinney, Texas.

    The ALR-67(V)3 is designed to enhance the survivability of aircrews by
providing improved situational awareness in today's complex electronic warfare
environments. This includes emitter identification, extended capabilities in
detection and processing, threat location and potential lethality. Raytheon
has packaged the channelized radar warning receiver into an extraordinarily
lightweight 100-pound system that is designed to meet the Navy's electronic
warfare requirements well into the 21st Century.

    Raytheon Company, 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:
   Ron Colman
   805.879.2041


SOURCE: Raytheon Company

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