WALTHAM, Mass., June 21, 2007 /PRNewswire-FirstCall/ -- Raytheon Company (NYSE: RTN) announced today that its Board of Directors has declared a quarterly cash dividend of 25.5 cents per outstanding share of common stock. The cash dividend is payable on August 2, 2007 to shareholders of record as of the close of business on July 3, 2007.

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:
  Jon Kasle
  781.522.5110

  Investor Relations Contact:
  Greg Smith
  781.522.5141

SOURCE: Raytheon Company

CONTACT: Jon Kasle, +1-781-522-5110, or Investor Relations, Greg Smith,
+1-781-522-5141, both of Raytheon Company

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