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Raytheon Names Bernard Elero Vice President, Business Development for its Intelligence and Information Systems Business

FALLS CHURCH, Va., Sept. 18, 2006 /PRNewswire/ -- Raytheon Company has appointed Bernard "Bernie" Elero vice president of Business Development for its Intelligence and Information Systems (IIS) business, a $2.5 billion unit specializing in intelligence, information systems and technology.

In this role, Elero will lead business development strategy and initiatives at IIS to expand its stronghold in intelligence systems as well as strengthen strategic partnerships to fuel growth into new, related markets.

"Bernie is a well-respected business development executive with an impressive track record for identifying and capturing new business in the government and international markets," said IIS President Michael D. Keebaugh. "He is an ideal choice to be at the helm of IIS's aggressive growth strategy and is an excellent addition to the IIS leadership team."

Keebaugh added, "Bernie has developed key relationships with the Department of Defense, intelligence community and international customers that will be instrumental in maximizing our growth potential and further strengthening customer relationships."

Elero, a 20-year industry and business executive, joined Raytheon from L-3 Communications, Titan Group, Reston, VA, where he was most recently a senior vice president of Business Development, Intelligence Solutions Division. Prior to joining L-3 Communications, Elero was a vice president of strategic management for Harris Technical Services Corporation. He has also held business development positions with Lockheed Martin Missiles & Space and General Electric.

Elero holds a Bachelor of Arts degree in physics from the University of Pittsburgh and a Masters of Business Administration in finance from Eastern Michigan University.

Raytheon Intelligence and Information Systems, with 2005 sales of $2.5 billion, is a leading provider of information and intelligence solutions to the government. IIS provides the right knowledge at the right time to enable its customers to make timely and accurate decisions of national significance.

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.

  Keith D. Little

SOURCE: Raytheon Company

CONTACT: Keith D. Little of Raytheon Company, +1-703-849-1675

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

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