WALTHAM, Mass., Sept. 23  /PRNewswire-FirstCall/ -- Raytheon Company (NYSE:
 RTN) has declared a quarterly cash dividend of $0.20 per outstanding share of
common stock to be paid on November 1, 2004 to shareholders of record as of
the close of business on October 4, 2004.  The dividend rate is unchanged from
the previous quarter.

    Raytheon Company (NYSE: RTN), 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:
  James Fetig
  781-522-5111


SOURCE: Raytheon Company

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