Raytheon awarded $422 million contract for Paveway™ II

            Raytheon awarded $422 million contract for Paveway™ II

PR Newswire

TUCSON, Ariz., Nov. 28, 2012

TUCSON, Ariz., Nov. 28, 2012 /PRNewswire/ --Raytheon Company (NYSE: RTN) was
awarded a $422 million contract for its combat-proven Paveway™ II family of
precision-guided munitions. The company was awarded the direct commercial sale
from an international customer. Paveway™ is a Raytheon-designed kit that
transforms "dumb" bombs into precision-guided munitions.

"Paveway™ has revolutionized tactical air-to-ground warfare by providing the
warfighter unparalleled accuracy and standoff capability, proving itself in
every major conflict in which it has been used," said Dr. Taylor W. Lawrence,
Raytheon Missile Systems president. "This contract further demonstrates
Raytheon's long-standing commitment to its international customers."

Raytheon continues to evolve Paveway™ to meet the needs of the U.S. armed
forces as well as allied nations. Newer versions of Paveway™ include Global
Positioning System/Inertial Navigation System guidance capabilities, which
combine the precision and flexibility of traditional laser-guided weapons with
the all-weather capability of GPS guidance, resulting in a weapon that
decreases the required sortie count and weapon inventory while simultaneously
increasing the mission success rate.

About Paveway™
The Paveway™ family of laser-guided and GPS and laser-guided bombs has
revolutionized tactical air-to-ground warfare by converting "dumb" bombs into
precision-guided munitions. Bombs equipped with Paveway™ kits have been put to
the test and proved themselves, time and again, as the weapon of choice by 43
customers. Paveway™ laser-guided bomb kits comprised more than half the
air-to-ground precision-guided weapons used in Operation Iraqi Freedom,
Enduring Freedom and Unified Protector.

About Raytheon
Raytheon Company, with 2011 sales of $25 billion and 71,000 employees
worldwide, is a technology and innovation leader specializing in defense,
homeland security and other government markets throughout the world. With a
history of innovation spanning 90 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. Raytheon is
headquartered in Waltham, Mass. For more about Raytheon, visit us at
www.raytheon.com and follow us on Twitter @raytheon.

Note to Editors
Paveway™ is a registered Community Trade Mark in the European Community.

Media Contact
Holly Caldwell
+1.520.795.7608
rmspr@raytheon.com

SOURCE Raytheon Company

Website: http://www.raytheon.com