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Raytheon, VT Halter Marine and EG&G Team Pursue U.S. Coast Guard Fast Response Cutter-B

TEWKSBURY, Mass., March 11, 2008 /PRNewswire/ -- Raytheon Company (NYSE: RTN), VT Halter Marine Inc., and EG&G Technical Services have teamed to offer the U.S. Coast Guard a proven, reliable and cost-effective vessel to meet the requirements of the Fast Response Cutter-B (FRC-B) program.

VT Halter Marine Inc. is a company of VT Systems Inc., and EG&G Technical Services is a division of URS (NYSE: URS).

Raytheon brings extensive experience and proven performance in ship and electronics systems design, development and integration. VT Halter Marine offers a proven design, consistent cost and schedule performance, and the shipyard capacity to meet the gap in the U.S. Coast Guard's fleet requirements. EG&G, a premier federal services contractor, provides integrated logistics support, training and system engineering services.

"Together, this experienced team is ideally suited to deliver a comprehensive, reliable and sustainable solution to meet the needs and requirements of the FRC-B mission," said Charles "Tom" Bush, Raytheon Integrated Defense System's vice president of Seapower Capability Systems. "We believe that we will be the Coast Guard's team of choice to deliver the critical capabilities to enhance the safety, effectiveness and efficiency of its fleet."

"This team brings a formidable legacy of experience, performance and success to the FRC-B pursuit," said VT Halter Marine's Chief Executive Officer Boyd E. "Butch" King. "We would be proud to partner with the U.S. Coast Guard to design, build and deliver a solution that meets the requirements for the Fast Response Cutter."

VT Halter Marine, the marine operations of VT Systems, is based in Pascagoula, Miss., and is a leader in the design and construction of medium- sized ships in the United States. VT Halter Marine designs, builds and repairs a wide variety of ocean-going vessels such as patrol vessels, oil recovery vessels, oil cargo vessels, ferries, logistic support vessels and survey vessels. VTHM shipyards have a 50-year shipbuilding history, having delivered more than 2,600 vessels to government and commercial clients in 29 countries on five continents. Of these vessels, more than 131 were patrol boats for domestic and foreign customers. For more information, visit http://www.vthaltermarine.com.

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.

Contact:
Carolyn Beaudry
401.842.3550



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