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Raytheon Awarded $89 million for Airborne Low Frequency Sonar

TEWKSBURY, Mass., March 18, 2008 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has received two U.S. Navy contracts with a total value of $89 million for the AN/AQS-22 Airborne Low Frequency Sonar system, the primary undersea warfare sensor for the U.S. Navy's MH-60R multi-mission helicopter.

"These contracts continue Raytheon's long history of producing innovative, reliable and affordable undersea warfare systems," said Raytheon Integrated Defense Systems' Charles "Tom" Bush, vice president of Seapower Capability Systems.

AN/AQS-22 provides critical undersea warfare mission support capabilities, including submarine detection, tracking, localization, classification, acoustic intercept, underwater communication and environmental data collection.

Raytheon will provide whole-life engineering to support AN/AQS-22 systems already in the fleet, enhancing operational readiness. Full rate production of AN/AQS-22 has been accelerated since the initial fielding of the MH-60R helicopter into the U.S. Navy fleet in 2006. To date, Raytheon has delivered 14 AN/AQS-22 systems and is under contract for an additional 28.

Work will be performed at Raytheon's Seapower Capability Center, Portsmouth, R.I., and by AN/AQS-22 partners DRS Sonar Systems, Gaithersburg, Md., and Thales Underwater Systems, Brest, France. Work is expected to be completed by 2010.

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

Raytheon Company, with 2007 sales of $21.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning more than 85 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.

   Carolyn Beaudry

SOURCE: Raytheon Company

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

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

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