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Raytheon Appoints Lawrence J. Harrington Vice President Internal Audit

    WALTHAM, Mass., July 28  /PRNewswire-FirstCall/ -- Raytheon Company (NYSE:
RTN) today announced the appointment of Lawrence J. "Larry" Harrington, 50, as
Vice President, Internal Audit, reporting to William H. Swanson, Raytheon
Chairman and CEO and the Audit Committee of the Board of Directors. Harrington
will be responsible for the design and implementation of Raytheon's worldwide
internal audit program.

    In this new position, Harrington will be responsible for transitioning
Raytheon's audit function from an outsourced to a co-sourced "best in class"
in-house audit function.  "Developing and executing a comprehensive audit
program is critical to the Company's ability to address risk management and
ensure corporate governance compliance," said Swanson.

    Harrington is a career finance and audit professional with approximately
30 years of experience in audit, public accounting and business operations
roles.  He joins Raytheon from Staples Inc. of Framingham, Massachusetts where
he was most recently the Vice President of Audit.  He has been the chief audit
executive for several global Fortune 500 companies including Staples, Aetna,
Inc. and LTV.

    Raytheon Company (NYSE: RTN), 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.

   James Fetig

SOURCE: Raytheon Company

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

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