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Raytheon To Provide Rolling Airframe Missiles To Korean Navy Under $25 Million Contract

    TUCSON, Ariz., Oct. 11, 2004  /PRNewswire-FirstCall/ -- Raytheon Company
(NYSE: RTN) has been awarded a $25 million contract by the Republic of Korea
Navy (ROKN) to provide Rolling Airframe Missile (RAM) Guided Missile Weapon
Systems for three KDX-3 Aegis Class destroyers.

    This is the fourth direct commercial sale of the RAM weapon system in
Korea. Raytheon's RAM weapon system continues to provide the ROK Navy with
vital defense against anti-ship missiles and will utilize the RAM Weapon
Systems' inherent capability to defend against helicopter, aircraft and
surface craft (HAS). The RAM weapon system will strengthen the ROK Navy multi-
layer defense capability.

    "This most recent Korean procurement demonstrates the ROKN commitment to
RAM as a standard in the Korean Navy, which becomes the first navy in the
world to integrate RAM within an Aegis platform," said Todd Callahan,
Raytheon's RAM program director.

    RAM is the world's premiere lightweight, quick-reaction, ship self-defense
missile system. The Block 1 missile, in production, is equipped with a state-
of-the-art autonomous infrared seeker, advanced proximity fuze, and RF/IR
(radio frequency/infrared) dual-mode capability allowing it to protect ships
against incoming anti-ship missiles. The HAS upgrade, in development, retains
all of the Block 1 capability against anti-ship missiles and adds advanced
signal processing to engage and destroy helicopter, aircraft and surface
threats even in high clutter environments.

    RAM is developed and produced as a joint effort between Raytheon's Missile
Systems business in Tucson, Ariz., and RAMSYS, a consortium of German
companies. RAM is deployed in the U.S. German and South Korean navies. The
Greek Navy has accepted delivery of its first RAM Weapon System and deployment
is scheduled soon. More than 53 additional U.S. and German installations are
planned, to include amphibious ship classes and aircraft carriers with further
expansion into other allied navies.

    Raytheon Company, 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.

   Sara Hammond

SOURCE: Raytheon Company

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

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