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Raytheon to Supply 16 AESA Radars to Boeing for Air Force, Air National Guard F-15Cs

EL SEGUNDO, Calif., March 17, 2008 /PRNewswire/ -- Raytheon Company's (NYSE: RTN) active electronically scanned array radar team has secured additional wins to advance further the company's AESA radar business. Raytheon will provide a next-production lot of advanced F-15C radar systems to the U.S. Air Force and Air National Guard.

The contracts with Boeing, worth just in excess of $89.5 million, authorize production of eight APG-63(V)3 AESA radar systems for the Guard plus spares and maintenance as well as eight systems for the Air Force plus spares, maintenance and training support

"These contracts and our recent selection to be the F-15E AESA radar provider for the Air Force fleet further establish Raytheon as a core provider of this ground-breaking technology to these customers with all the unparalleled capabilities our system brings to bear," said Dr. Tom Kennedy, vice president for the Tactical Airborne Systems group at Raytheon Space and Airborne Systems. "The F-15C AESA radar system combines the best elements of our F-15 and F/A-18 AESA radar technology, which we're constantly refining in partnership with Boeing, the Air Force and the Navy to ensure our warfighters have the best operational capability available."

Building on a $52.2 million production award to Raytheon in late 2007, these contracts reinforce the Air Force's commitment to update its F-15C fleet with the latest in AESA technology, ensuring U.S. air combat power remains world class.

"The new awards extend the (V)3 upgrade program through 2010 and allow Boeing and Raytheon to provide several more F-15C Eagle squadrons with the incredible improvements in situation awareness, targeting range, accuracy and maintainability that are inherent in the APG-63(V)3 radar," said Jim Means, director of proprietary programs for Boeing Global Strike Systems.

Air Force F-15s became operational with the world's first tactical AESA radar systems in December 2000. Raytheon, which designed and developed the technology, has been a partner on the F-15 program for more than 35 years.

Raytheon Space and Airborne Systems is a leading provider of sensor systems giving military forces the most accurate and timely actionable information available for the network-centric battlefield. With 2007 revenues of $4.3 billion and 12,000 employees, SAS is headquartered in El Segundo, Calif. Additional facilities are in Goleta, Calif.; Forest, Miss.; Dallas, McKinney and Plano, Texas; and several international locations.

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:
Faith Jennings
310.334.2553
310.977.1963 cell
Faith_jennings@raytheon.com



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