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Raytheon Awarded U.S. Patent and Trademark Office Contract Potentially Worth $251 Million

    ALEXANDRIA, Va., Feb. 21, 2005  /PRNewswire/ -- A subsidiary of Raytheon
Company (NYSE: RTN) is one of two awardees that will compete for work under a
U.S. Patent and Trademark Office (USPTO) systems development and integration
(SDI) contract.

    With a potential value of up to $251 million, the contract to Raytheon
Technical Services Company LLC (RTSC) is performance-based with award term
incentives. It has a one-year base period, four one-year option periods, and
three one-year award terms for a total of eight years.

    Under the contract, Raytheon Information Solutions (RIS) will provide a
wide variety of systems engineering support ranging from systems analysis and
design to operations and program and project management. Work will be
performed out of Raytheon's Systems Development and Integration Center in
Alexandria, Va.

    "This is a big win for Raytheon and expands our customer base to a new
agency, the Patent and Trademark Office. As a company holding 3,300 active
U.S. patents and 160 U.S. trademarks, Raytheon fully appreciates the
importance of the USPTO mission," said Bob Bascom, Raytheon's program manager
for USPTO SDI. "Our solid team, extensive experience in performance-based
contracting and proven management skills and tools will ensure that USPTO
receives high quality mission support."

    Mission support -- Raytheon's integrated approach to predicting customer
needs, sensing problems and proactively responding with solutions -- enables
Raytheon to maintain readiness and deliver operational capability on demand,
allowing our customers to focus on their mission.

    USPTO awarded two contracts for SDI and will allocate the work through
managed competition between the two contractors with task orders generally
being competed.

    Award term options are designed to motivate contractors to perform at a
higher standard. By delivering outstanding performance, the contractor can be
rewarded by an extension of the contract period of performance. The award term
options emphasize that quality performance and cost control by the contractor
can equate to a continued business relationship, beyond the base and option
years. The issuance of individual tasks is predicated on the overall
evaluation of the contractor's proposal and performance.  The government may
not issue and fund tasks if it is determined not in the government's best
interest after review of the contractor's proposal and performance.  In
addition, performance award incentives, performance metrics, etc., can be
incorporated into the contract to enhance and measure performance. These
incentives/disincentives can be applied to all potential task orders.

    Raytheon Information Solutions, Raytheon's consolidated enterprise-wide
information technology (IT) capability, focuses on driving customer-focused
industry best practices and best of breed IT solutions that enable federal
agency mission objectives.

    RTSC provides technology solutions for defense, federal and commercial
customers worldwide. It specializes in mission support, engineering product
solutions and engineering service solutions. Mission support-Raytheon's
integrated approach to predicting customer needs, sensing problems and
preemptively applying solutions-enables Raytheon to maintain readiness and
deliver operational capability on demand, allowing our customers to focus on
their missions.

    Raytheon Company, with 2004 sales of $20.2 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 80,000 people worldwide.

   Kristen Giddens Pinto-Coelho

SOURCE: Raytheon Company

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

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