RESTON, Va., April 8, 2008 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has signed exclusive teaming agreements with Harris Corporation and HP as part of an industry-leading team to pursue the $30 million U.S. Air Force Global Broadcast Service Satellite Broadcast Manager transition contract.

The GBS is a critical mission support system for the military providing wideband internet protocol broadcasts of video, imagery and other information to support forces on post, in transit and in theater. This effort will integrate GBS into future net-centric operations across the global information grid.

"Raytheon has executed the GBS program for the past 10 years achieving excellent contractor performance assessment reporting scores," said Michael D. Keebaugh, president of Raytheon's Intelligence and Information Systems business. "Now, with Harris and HP on our team, we are confident we can continue to provide the joint services with the best-value solution on time and on budget and deliver the best state-of-the-art, commercial off-the-shelf solutions to support the warfighter."

The contract, which will be awarded by the Air Force Electronic Systems Command, Hanscom Air Force Base, Mass., will transition GBS broadcast functionality to a centralized Defense Enterprise Computing Center and position this system to meet the evolving needs of the warfighter.

Based in Garland, Texas, Raytheon IIS is a leading provider of information and intelligence solutions to the government. Raytheon IIS has annual revenues of approximately $2.7 billion and employs more than 9,000 engineering and technical professionals worldwide.

Raytheon Company, with 2007 sales of $21.3 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 72,000 people worldwide.

  Contact:
  Quentin Hunstad
  703.849.1588
  quentin_r_hunstad@raytheon.com

SOURCE: Raytheon Company

CONTACT: Quentin Hunstad of Raytheon Company, +1-703-849-1588,
quentin_r_hunstad@raytheon.com

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