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Raytheon Awarded Follow-on Advanced Technology Support Program III Contract

    RESTON, Va., Oct. 13, 2004  /PRNewswire-FirstCall/ -- Raytheon Company
(NYSE: RTN) has been selected to continue providing engineering services for
the Defense Microelectronics Activity (DMEA) under the Advanced Technology
Support Program III (ATSP3) contract.

    With a contract ceiling of $4.7 billion over 15 years, including options,
ATSP3 is the DMEA's multiple award, indefinite delivery, indefinite quantity
(IDIQ) contract designed to leverage advanced microelectronic technologies to
extend the life of weapon systems.

    As an ATSP3 contractor, Raytheon will develop advanced technology
solutions to support problems such as reliability, maintainability and
diminishing manufacturing sources for items with varying degrees of
complexity, including: discrete electronics, integrated circuits, modules,
circuit boards, assemblies, subsystems and systems. This support includes
studies and analyses, hardware and software development, prototyping, testing
and limited production. Among the customers Raytheon currently supports under
ATSP2 are the Air Force B-2 System Program Office and the Naval Sea Systems
Command. Raytheon was also a major supplier of engineering services to the
DMEA under Microelectronics Technology Support Program, ATSP and ATSP2, the
precursors to ATSP3.

    "This award recognizes Raytheon Company as a leading provider of defense
electronics and advanced technology solutions," said Paul Thompson, RTSC vice
president and general manager of one of RTSC's Reston, Va.-based business
units. "We look forward to continuing our long-standing partnership with the
DMEA to meet its present and future needs."

    Raytheon Technical Services Company LLC provides technology solutions for
defense, federal and commercial customers worldwide. It specializes in product
and systems support, customized engineering and on-site engineering solutions.
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.

    Note to Editors: Additional Information

    RTSC is one of eight contractors holding contracts to provide engineering
services for the DMEA under ATSP3. Raytheon has executed more than 190
delivery orders valued at more than $460 million on the predecessor contracts.
Raytheon has been awarded follow-on production contracts on several of the
delivery orders.

    The basic award has an aggregate ceiling of $1.3 billion over five years.
Two five-year options can be exercised with ceilings of $1.5 billion and $1.9
billion respectively, bringing the total to 15 years and $4.7 billion. ATSP3
is available to any agency of the U.S. government and approved foreign

   John Clemons

SOURCE: Raytheon Company

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

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