GOLETA, Calif., May 2, 2007 /PRNewswire-USNewswire/ -- A $77.8 million U.S. Navy contract will allow Raytheon Company (NYSE: RTN) to make the first international sale of its ALR-67(V)3 digital radar warning receiver.

The contract includes systems for the Navy and the Royal Australian Air Force. The ALR-67(V)3 is the state-of-the-art radar warning receiver on U.S. Navy F/A-18E/F carrier-based tactical aircraft. It will now be installed on Australian F/A-18A+ aircraft as an integral part of the Australia Hornet Upgrade program.

The award was received from the Naval Air Systems Command, Patuxent River, Md. It calls for the delivery of 24 radar warning receivers plus spares for Navy requirements and 55 radar warning receivers plus spares for RAAF aircraft. The RAAF procurement is a foreign military sale with potential follow-on orders for engineering support and a 10-year performance based logistics support program.

"We are constantly evolving our radar warning receivers with new digital technology and situational awareness capabilities," said Roy Azevedo, manager of Raytheon's Electronic Warfare business area. "Expanding this product line into the international marketplace is an important milestone."

Deliveries under the contract will begin in October 2008 and are expected to be complete by March 2010. The production award represents the ninth full rate production lot awarded to Raytheon. More than 400 radar warning receivers plus spares have been ordered under the overall ALR-67(V)3 production program. Additional domestic and international sales of the system are also planned.

Work on the radar warning receiver is being done by the company's Electronic Warfare organization in Goleta with support of facilities in El Segundo, Calif., Forest, Miss., and McKinney, Texas.

Raytheon Company, with 2006 sales of $20.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 85 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 73,000 people worldwide.

  Contact:
  Ron Colman
  805.879.2041

SOURCE: Raytheon Company

CONTACT: Ron Colman of Raytheon Company, +1-805-879-2041

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