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Raytheon Announces North Alabama Expansion to Meet Expected Business Growth with New Facility in Cummings Research Park

HUNTSVILLE, Ala., Jan. 18, 2006 /PRNewswire/ -- Raytheon Company will construct a new 140,000 square-foot, three-story facility in Huntsville's Cummings Research Park. The new building will be located on 20 acres at the corner of Old Madison Pike and Jan Davis Way. Construction will begin in February 2006 with planned occupancy by early 2007.

"This new facility demonstrates Raytheon's continuing commitment to our customers and this outstanding community," said Tony Palumbo, Raytheon's senior executive for Huntsville. "We are realizing significant business growth in Alabama. Our new modern facility will provide enhanced capabilities to our customers and employees."

The new facility, which will be owned by the company, will accommodate 500 people. It will consist of space for engineering, management, customer support and business development.

The design architect for the new facility is Fuqua and Partners of Huntsville; Turner Universal in Huntsville will construct the building.

Raytheon's facilities in Huntsville are managed by Raytheon's Integrated Defense Systems.

Based in Tewksbury, Mass., Integrated Defense Systems is Raytheon's leader in Joint Battlespace Integration. With a strong international and domestic customer base, including the U.S. armed forces, Integrated Defense Systems provides integrated air and missile defense and naval and maritime warfighting solutions.

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.

   Jim Keller

First Call Analyst:
FCMN Contact:

SOURCE: Raytheon Company

CONTACT: Jim Keller of Raytheon Company, +1-256-542-4051

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

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