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Raytheon Awarded $241 Million to Provide South Korea Patriot Air and Missile Defense Capabilities

TEWKSBURY, Mass., April 21, 2008 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has received a $241 million U.S. Foreign Military Sales contract to provide the Republic of Korea with command and control, communications, maintenance support, and training equipment for the Patriot air and missile defense system.

This production and support award complements the $28.7 million engineering services contract the company announced March 3.

"The Patriot system will provide South Korea with the capability to deploy command and control for the Patriot system and defend itself from the full spectrum of air and missile threats," said Sanjay Kapoor, vice president, Patriot Programs for Raytheon Integrated Defense Systems. "This award demonstrates continuing domestic and international demand for Raytheon's combat-proven Patriot system."

Raytheon Integrated Defense Systems (IDS) is the prime contractor for the Patriot system and the integration of all variants of the system. The capability delivered will provide improved air and missile defense for South Korea.

Work will be performed at Raytheon's Integrated Air Defense Center, Andover, Mass.; the Warfighter Protection Center, Huntsville, Ala.; and the Mission Capability and Verification Center, White Sands, N.M.

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 86 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.

   Guy Shields

SOURCE: Raytheon Company

CONTACT: Guy Shields of Raytheon Company, +1-978-858-5246

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

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