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Raytheon Awarded $48 Million JSOW-A Contract Modification

    TUCSON, Ariz., Nov. 30, 2004  /PRNewswire-FirstCall/ -- The U.S. Navy
awarded Raytheon Company (NYSE: RTN) a $48 million modification to a
previously awarded contract for Joint Standoff Weapon (JSOW-A).

    Raytheon Missile Systems, Tucson, Ariz., will provide 216 JSOW AGM-154A
variant weapons, containers, technical and financial data, and special
tooling/special test equipment.

    Work is expected to be completed in July 2007.

    The JSOW is a family of low cost, highly survivable air-to-ground glide
weapons that employ an integrated Global Positioning System/Inertial
Navigation system that guides the weapon to the target. More than 400 JSOW-As
have been used in combat operations to date.

    The JSOW family uses a common and modular weapon body capable of carrying
a variety of payloads and handling multiple munitions. Its long standoff range
demonstrated at 63 nautical miles allows delivery from well outside the lethal
range of most enemy air defenses. The JSOW-A variant dispenses BLU-97
combined-effect bomblets for use against soft and area targets. It is produced
for use on the F/A-18, F-16, F-15E, F-22, B-1, B-2 and B-52 aircraft.

    A new variant that was delivered to the Navy in November, JSOW-C, is the
first U.S. weapon to incorporate the two-stage blast fragmentation/penetration
warhead. JSOW-C, which offers increased capabilities against concealed and
deceptive targets, has a unique ability for a glide weapon to attack a
hardened target in a near-horizontal mode.

    The Navy/Raytheon team is also developing a Block II configuration of the
JSOW weapon system that provides significant cost reductions to all JSOW
versions. The first Block II configuration weapons will be delivered in 2007.
Additionally, other JSOW improvements are under way to add anti-ship
capability, reduce unexploded ordnance, hit moving targets, provide bomb hit
indication, provide network capability and further reduce costs.

    Raytheon Company, 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.

   Alan D. Fischer

SOURCE: Raytheon

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

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