Raytheon Awarded More Than $100 Million For New Missile Defense System

TUCSON, Ariz., Oct. 26, 2009 /PRNewswire/ -- Raytheon Company (NYSE: RTN) was
awarded two contracts worth in excess of $100 million by Rafael Advanced
Defense Systems Ltd. to design and develop the David's Sling Weapon System.

The DSWS is a joint program between the Missile Defense Agency and the Israel
Missile Defense Organization. The system will defeat short-range ballistic
missiles, large-caliber rockets and cruise missiles in their terminal phase of
flight.

The first contract was awarded to codevelop the Stunner Interceptor, the
missile component of the DSWS. Stunner is an advanced hit-to-kill interceptor
designed for insertion into the DSWS and allied integrated air and missile
defense systems.

The second contract was awarded for the development, production and integrated
logistics support of the missile firing unit, the launcher component of the
DSWS. The MFU will provide the DSWS with vertical interceptor launch
capability for 360-degree extended air and missile defense.

"Large-caliber rockets and short-range ballistic missile threats are
inexpensive, plentiful, easily concealed and largely exempt from international
arms control accords," said Mike Booen, Raytheon's vice president of Advanced
Security and Directed Energy Systems. "Stunner offers a near-term and
affordable solution to this asymmetric threat."

Employable in a variety of engagement scenarios that combine ground-, sea- and
air-based sensors, Stunner offers substantial operational and deployment
flexibility.

"Rafael and Raytheon are responding to the worldwide demand for affordable
missile defense by codeveloping a next-generation hit-to-kill interceptor,"
said David Stemer, Rafael's Missile Division general manager. "The Stunner
interceptor redefines the performance-cost value equation for terminal missile
defense and provides all-weather hit-to-kill performance at a tactical missile
price."

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:
J. Nicole Stewart
520.794.7810 (office)
520.437.1975 (mobile)
Nicole.Stewart@raytheon.com

SOURCE Raytheon Company

J. Nicole Stewart of Raytheon Company, +1-520-794-7810, mobile,
+1-520-437-1975, Nicole.Stewart@raytheon.com