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Raytheon Awarded $26.7 Million Life Cycle Engineering and Support Contract Modification for LPD 17

TEWKSBURY, Mass., Oct. 18, 2006 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has been awarded a $26.7 million contract modification from Naval Sea Systems Command exercising an option for life cycle engineering and support on the LPD 17 class, the U.S. Navy's next generation of amphibious warfare ships.

"This contract reinforces Raytheon's commitment as a full service provider to our U.S. Navy customer," said Dan Martin, vice president of Raytheon Integrated Defense Systems' Maritime Mission Systems. "Through our partnership with the U.S Navy, we continue to provide affordable and reliable solutions for the LPD 17 class to support the missions of our warfighters."

Raytheon is a prime contractor for life cycle engineering and support for electronic systems on the LPD 17 ship class. Under this contract, Raytheon will establish integrated support services for sustainment of the complete shipboard mission systems suite that the company delivers to this class of ships.

Work will be performed at Raytheon's Expeditionary Warfare Center in San Diego, Calif., as well as Norfolk, Va., and Pascagoula, Miss.

Based in Tewksbury, Mass., Integrated Defense Systems is Raytheon's leader in Joint Battlespace Integration providing affordable, integrated solutions to a strong international and domestic customer base, including the U.S. Missile Defense Agency and the U.S. Armed Forces and the Department of Homeland Security.

Raytheon Company, 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.

  Carolyn Beaudry

SOURCE: Raytheon Company

CONTACT: Carolyn Beaudry of Raytheon +1-401-842-3550

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

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