Raytheon Awarded $7 Million Phase 2 Contract From the Office of Naval Research

TEWKSBURY, Mass., Aug. 27, 2009 /PRNewswire/ -- Raytheon Company (NYSE: RTN)
was awarded a $7 million follow-on contract from the Office of Naval Research
for work on the Compound Semiconductor Materials on Silicon (COSMOS) program.

Funded by the Defense Advanced Research Projects Agency, this phase two
contract will focus on improving the yield and integration density of compound
semiconductor and silicon complementary metal oxide semiconductor (CMOS)
transistors fabricated on the same silicon wafer.

"The COSMOS program focuses on integrating high-performance compound
semiconductors, such as Indium phosphide or Gallium arsenide, with low-cost
silicon transistors to achieve superior cost benefits and performance than
what is available today," said Michael Del Checcolo, vice president of
Engineering for Raytheon Integrated Defense Systems (IDS). "These
technological advances allow us to provide more complex and highly
sophisticated solutions for our warfighters."

During phase one, the Raytheon-led team demonstrated that high performance
compound semiconductor devices (InP HBTs) can be directly grown and fabricated
on silicon substrates and monolithically integrated with Silicon CMOS
transistors on the same substrate. The team will use these findings in phase
two to design and fabricate high speed, low power consumption digital-to-
analog converters whose performance cannot be realized with today's existing
semiconductor technology.

Using its OpenAIR(TM) business model for assembling talent and capabilities,
Raytheon IDS is partnering with Raytheon Systems Limited, Glenrothes,
Scotland; Soitec, Bernin, France; Teledyne Scientific Imaging Company,
Thousand Oaks, Calif.; Massachusetts Institute of Technology, Cambridge,
Mass.; Paradigm Research LLC, Windham, N.H.; IQE, Bethlehem, Penn.; and
Silicon Valley Technology Center, San Jose, Calif.

Integrated Defense Systems is Raytheon's leader in Global Capabilities
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 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:
Michele Lemos
978.858.5850

SOURCE Raytheon Company

Michele Lemos of Raytheon Company, +1-978-858-5850