Raytheon Completes Acquisition of BBN Technologies

MCKINNEY, Texas, Oct. 26, 2009 /PRNewswire/ -- Raytheon Company (NYSE: RTN)
announced today that it has completed its acquisition of BBN Technologies, a
world leader in research and development, and provider of critical solutions
for national defense and security missions. The purchase price is
approximately $350 million, subject to post-closing adjustments. The
transaction will not materially impact Raytheon's sales or earnings per share
for the fourth quarter of 2009, and is expected to be accretive in 2010.

"BBN has tremendous technological capabilities, and we see immediate
opportunities for applying its technologies to enhance our products," said
Colin Schottlaender, president, Raytheon Network Centric Systems. "The depth
of scientific and engineering talent inside BBN is very impressive, and we
look forward to better serving our customers through the strengths of our
combined organizations." BBN will become part of Network Centric Systems and
operate as Raytheon BBN Technologies.

BBN's diverse portfolio encompasses a range of technologies including advanced
networking, speech and language technologies, information technologies, sensor
systems, and cybersecurity.

Robert G. (Tad) Elmer, president and CEO, BBN Technologies, said, "Becoming
part of Raytheon is good for our business, our customers and our employees.
Together we will be able to transition very advanced technologies quickly into
larger programs, creating both the most advanced systems possible for
customers and rich opportunities for our scientists and engineers."

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.

Disclosure Regarding Forward-looking Statements

This release contains forward-looking statements regarding the expected
performance of Raytheon following the completion of the acquisition. These
forward-looking statements are based on Raytheon's current expectations and
are necessarily subject to associated risks related to, among other things,
the ability of Raytheon to successfully integrate BBN Technologies and to
achieve expected benefits. Actual results may differ materially from what is
expressed or implied by the forward-looking statements. For information
regarding other related risks, please see the "Risk Factors" section of
Raytheon's filings with the Securities and Exchange Commission, including its
most recent filings on Form 10-K.

SOURCE Raytheon Company

Mary Beth Hodgkiss, +1-781-254-3428