Raytheon Meets Critical Milestone as Part of Excalibur Ib Contract Competition

YUMA PROVING GROUND, Ariz., April 7, 2009 /PRNewswire/ -- Raytheon Company
(NYSE: RTN) completed a contract milestone when it fired eight Excalibur Ib
precision-guided artillery projectiles during a Feb. 27 test.

The firings, which were the first tests witnessed by officials from the U.S.
Army program office, were designed to exhibit stable controlled flight and
safe muzzle exit. The testing also validated the simulation used to predict
the performance of Raytheon's Excalibur Ib. All test objectives were met, and
Excalibur Ib exceeded ballistic accuracy expectations.

"We had a great development and testing plan going into this," said Steve
Bennett, director of Raytheon's Excalibur program. "Raytheon has been able to
move rapidly from design to successful test flights in record time. We expect
to meet the U.S. Army's cost objectives and exceed the incredible performance
established by Excalibur Ia."

The Excalibur Ib design is based on Raytheon's combat-proven Excalibur Ia. The
goal of the Excalibur Ib program is to reduce cost and increase reliability of
the projectile. Raytheon's Excalibur Ib, featuring a new titanium base, uses
fewer parts and requires simpler manufacturing. The result is increased
reliability and a significantly reduced cost to deliver precision projectiles.

Raytheon Company, with 2008 sales of $23.2 billion, is a technology and
innovation leader specializing in defense, homeland security and other
government markets throughout the world. With a history of innovation spanning
87 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.

Contact:
Jackie Gutmann
520.545.8428
Jaclyn_E_Gutmann@raytheon.com

SOURCE Raytheon Company

Jackie Gutmann of Raytheon, +1-520-545-8428, Jaclyn_E_Gutmann@raytheon.com