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Raytheon Awarded $34.4 Million to Continue Patriot 'Pure Fleet' Upgrades

TEWKSBURY, Mass., Aug. 14, 2008 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has received a $34.4 million U.S. Army contract continuing Patriot "Pure Fleet" modernization.

The U.S. Army Aviation and Missile Command contract for additional upgrades is part of a $310 million "Pure Fleet" contract awarded to Raytheon in December 2007. It enables the continuation of upgrading Army Patriot equipment to state-of-the-art Patriot Configuration 3 status.

"Upgrading Patriot fire units from Configuration 2 to Configuration 3 enhances the system's capabilities to meet current and emerging threats," said Sanjay Kapoor, vice president of Patriot Programs at Raytheon Integrated Defense Systems.

"As the prime contractor for the Patriot system, Raytheon is committed to ensuring our Patriot systems continue to provide superior, affordable and reliable air and missile defense capability to meet the Army's mission," Kapoor said. "The U.S. Army's upgrade to Configuration 3 is leading the way as many of our international Patriot partners around the globe are similarly upgrading the Patriot system as a key component in their air and missile defenses."

The add-on contract calls for Raytheon to provide hardware upgrades to Patriot radars, engagement control stations and launchers as well as enhanced logistics capability through support to a common configuration. Work will be performed at Raytheon's Integrated Air Defense Center, Andover, Mass.

Raytheon Integrated Defense Systems (IDS) is the prime contractor for the Patriot system and the system integrator for the system that includes both the PAC-3 missile and the Guidance Enhanced Missile-T. As the system integrator, Raytheon IDS ensures that all Patriot system components provide the warfighter a reliable and lethal capability to defeat the threats in current and future combat environments.

Integrated Defense Systems is Raytheon's leader in Joint Battlespace Integration providing affordable, integrated solutions to a broad international and domestic customer base, including the U.S. Missile Defense Agency, the U.S. Armed Forces and the Department of Homeland Security.

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 86 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.

  Mike Nason

SOURCE: Raytheon Company

CONTACT: Mike Nason of Raytheon Company, +1-703-419-1421

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

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