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Raytheon Delivers Managed Learning Services for Pfizer

TROY, Mich., June 13, 2006 /PRNewswire/ -- Raytheon Company's subsidiary Raytheon Professional Services LLC (RPS) has begun work on a four-year contract to deliver managed learning services ("Learning Operations") to Pfizer Inc. Financial terms were not disclosed.

RPS will provide logistics administration for learning events in the United States and United Kingdom for Pfizer Global Research and Development and Worldwide Development. RPS will also deliver help desk information support to Pfizer learners.

To aid Pfizer's implementation of a new learning management system, RPS will provide content administration services for the new system, which will deliver easier access to training courses and scheduling for learners and more flexible reporting tools for managers.

"Through this business relationship, Pfizer will leverage Raytheon Professional Services' 75 years of experience in delivering learning solutions to clients around the world," said Dave Letts, RPS general manager. "We're focused on partnering with Pfizer to achieve a flexible, reliable, and potentially scaleable business model around Learning Operations."

Raytheon Professional Services LLC is a global leader in learning services and outsourcing. With 750 learning professionals serving clients in 50 countries and 25 languages, Raytheon Professional Services designs and executes learning solutions that improve the performance of clients' extended enterprises.

Raytheon Company (NYSE: RTN), with 2005 sales of $21.9 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.

  Jeff Lucas

SOURCE: Raytheon Company

CONTACT: Jeff Lucas of Raytheon Company, +1-972-205-5200

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

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