Raytheon's Paveway(TM) Weapons Garner December Bookings of More Than $150 Million

Raytheon's Paveway(TM) Weapons Garner December Bookings of More Than $150
Million
Record-setting bookings exceed $300 million for Raytheon's Paveway program in
2007

TUCSON, Ariz., Jan. 15, 2008 /PRNewswire/ -- Raytheon Company (NYSE: RTN)
was awarded more than $150 million worth of contracts in December for the
combat-proven Paveway(TM) family of precision-guided munitions. The latest
figures bring the total Paveway year-to-date bookings for 2007 to more than
$300 million, a record for Raytheon's Paveway program.
The contracts are a combination of direct commercial sales and foreign
military sales and will provide customers in Europe and Asia with the Enhanced
Paveway II (EP2) and the EP3 variants of the Paveway weapon system, which
upgrade "dumb bombs" into precision-guided munitions.
"Paveway provides our valued international partners a reliable, affordable
and combat-proven family of weapons that can be easily integrated into the
customer's inventory," said Harry Schulte, vice president of Raytheon Missile
Systems' Strike Weapons product line. "Both the EP2 and EP3 give our customers
the capability to precisely strike a hardened target in any weather, thanks to
the weapon's dual-mode GPS/laser-guidance system."
Raytheon Company, with 2006 sales of $19.7 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 72,000
people worldwide.
Note to Editors:
Enhanced Paveway II (EP2) is an affordable all-weather dual mode
GPS/laser-guided precision munition that has successfully been used in combat
by the U.K.'s. Royal Air Force during Operation Southern Watch, Operation
Enduring Freedom, and Operation Iraqi Freedom.
Like the EP2, the EP3 is an all-weather dual mode GPS/laser-guided
precision weapon. EP3 has improved standoff range compared with the EP2 and is
able to penetrate and destroy extremely hardened targets. The EP3 was
successfully used in Operation Iraqi Freedom.
Contact:
Mike Nachshen
520.794.4088
Michael_nachshen@raytheon.com

SOURCE Raytheon Company

Mike Nachshen of Raytheon Company, +1-520-794-4088,
Michael_nachshen@raytheon.com