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U.S. Navy Awards $3 Billion DD(X) Ship System Integration and Detail Design Contract to Raytheon

TEWKSBURY, Mass., May 26, 2005 /PRNewswire/ -- The U.S. Navy awarded Raytheon Company (NYSE: RTN) a $3 billion DD(X) Ship System Integration and Detail Design contract to continue the seamless advancement of mission equipment for the Navy's DD(X) Destroyer. (The contract was originally announced by the Department of Defense on May 23, 2005.)

Raytheon will continue to serve as the mission systems integrator for the DD(X) National Team, which includes large industry partners such as Lockheed Martin, IBM and UDLP, as well as a consortium of small businesses. Raytheon plans to issue subcontracts for work under this contract by mid-summer.

"We are proud to continue to lead the cost-effective design of standardized, interoperable mission systems for tomorrow's Navy," said Mike Hoeffler, Raytheon vice president and DD(X) program manager.

This contract reflects the Navy's firm commitment to the DD(X) program, as well as the maturity of DD(X) technologies, including the Dual Band Radar (AN/SPY-3 and Volume Search Radar), the Integrated Undersea Warfare System, the MK 57 Advanced Vertical Launcher, the Total Ship Computing Environment, and Integrated Apertures.

Raytheon Integrated Defense Systems will serve as the lead Raytheon business for the program.

Based in Tewksbury, Mass., Integrated Defense Systems is Raytheon's leader in joint battlefield integration. With a strong international and domestic customer base, including the U.S. armed forces and the U.S. Missile Defense Agency, Integrated Defense Systems provides integrated solutions for the air, surface and subsurface battlespace.

Raytheon Company (NYSE: RTN), 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.

  Contact:
   Chuck Larrabee
   978.858.4259

   Guy Shields
   978.858.5246
SOURCE: Raytheon Company

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

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