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Raytheon Awarded $79 Million Contract for Virginia Class Submarine Subsystems

    TEWKSBURY, Mass., Oct. 21, 2004  /PRNewswire/ -- Raytheon Company (NYSE:
RTN) has been awarded a $79.7 million contract to provide sonar transmit group
subsystems for the next series of Virginia class submarine shipsets.  The
transmit group sonar is critical to submarine operations, providing a high
power, multi-sensor active sonar that supports submarine depth sounding, mine
hunting, anti-submarine warfare, and underwater communication capabilities.

    (Photo:  http://www.newscom.com/cgi-bin/prnh/20041021/NETH005 )

    "Raytheon has a proud and distinguished history as a leading provider of
advanced submarine systems and full service support for the U.S. Navy and its
fleet," said Upinder Dhinsa, IDS' vice president of Naval Integrated Systems.
"We remain committed to providing our expertise to the development and
production of quality systems, like the sonar transmit group subsystem, to
help ensure our customers' continued mission success."

    Under the contract, Raytheon Integrated Defense Systems (IDS) will provide
program management, systems engineering, configuration management, and
materials procurement for the manufacture, test and integration of the sonar
transmit group subsystem.

    This contract follows the shipset five subsystem contract awarded to
Raytheon in December 2003.  Raytheon has provided engineering development,
production and data deliverables for Virginia class shipsets one through five
and will provide the same for this next shipset (six), as well as shipsets
seven through 10 as the options are exercised within this current contract.
Work will be performed at Raytheon's Naval Integration Center in Portsmouth,

    Based in Tewksbury, Mass., Integrated Defense Systems is Raytheon's leader
in mission systems integration.  With a strong international and domestic
customer base, including the U.S. armed forces and U.S. Missile Defense
Agency, IDS provides integrated capability solutions to the air, surface, and
subsurface battlespace.

    Raytheon Company (NYSE: RTN), 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.

   Guy Shields

Photo:  NewsCom:  http://www.newscom.com/cgi-bin/prnh/20041021/NETH005
AP Archive:  http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
SOURCE: Raytheon Company

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

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