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Raytheon Delivers Short-Range Ballistic Missile Defense Solution to U.S. Navy

TUCSON, Ariz., July 19, 2007 /PRNewswire-FirstCall/ -- Raytheon Company (NYSE: RTN) has delivered the first Near Term Sea-Based Terminal weapon to the U.S. Navy for use in defending against short-range ballistic missile threats. Raytheon, the Navy and Johns Hopkins University's Applied Physics Lab partnered to update the Standard Missile 2 Block IV weapon with unique modifications to provide this significant capability.

This production delivery follows the successful Pacific Phoenix sea trial, where a Near Term Sea-Based Terminal missile successfully intercepted a Lance target in May 2006. Sea-Based Terminal is the Navy's operational concept to intercept short-range ballistic missiles as they reach the terminal phase of their trajectory. The near term solution uses Standard Missile 2 Block IV to provide this capability until a more capable system can be fielded. These weapons will be deployed on the Navy's Aegis-class warships.

"This has truly been a tremendous effort by a government-industry team to deliver a much needed capability gap filler until a long-term solution is fielded," said Scott Reiter, the Navy's project director for Standard Missile 2.

Raytheon is also developing an active radar Standard Missile 6. Standard Missile 6 will deploy in 2010 and deliver a transformational long-range, over- the-horizon counter to the ever-evolving cruise missile threat. Standard Missile 6 will also have an inherent capability to fulfill the sea-based terminal ballistic missile defense requirement.

"While we are excited about the future, this is a threat we face now," says Frank Wyatt, Raytheon Missile Systems vice president of Naval Weapon Systems. "Near Term Sea-Based Terminal provides a proven answer for today."

Raytheon Company, with 2006 sales of $20.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 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 73,000 people worldwide.

John Farlow

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