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Raytheon awarded $80.5 million for Joint Standoff Weapon C-1

         Raytheon awarded $80.5 million for Joint Standoff Weapon C-1

Variant provides enhanced capability to warfighter

PR Newswire

TUCSON, Ariz., July 10, 2013

TUCSON, Ariz., July 10, 2013 /PRNewswire/ --Raytheon Company (NYSE: RTN)
received an $80.5 million production contract award from the U.S. Navy to
procure Joint Standoff Weapon (JSOW) C-1's. The contract was awarded in
Raytheon's second quarter of 2013.

"JSOW C-1 enables the warfighter to precisely engage targets well beyond most
enemy air defenses, thus limiting the threat of adversarial forces," said
Celeste Mohr, JSOW program director for Raytheon Missile Systems. "JSOW is
exceptionally dependable and provides immeasurable value to the warfighter."

The JSOW C-1 adds a weapon datalink radio and modified seeker software to the
existing JSOW C, which increases the anti-surface warfare mission capability.
The weapon is designed to provide fleet forces with the capability and
flexibility to engage moving maritime targets, while retaining its robust
capability against stationary land targets.

"With more than 400 JSOW A's employed in combat, this weapon has stood the
tests of time," said Harry Schulte, vice president of Air Warfare Systems for
Raytheon Missile Systems. "Furthermore, the JSOW program has sustained on-time
deliveries for 11 years while concurrently maintaining costs. The JSOW has a
remarkable record of reliability, resourcefulness and accuracy."

Work on the contract will be performed in Tucson, Ariz.; Cedar Rapids, Iowa;
McAlester, Okla.; and Dallas, Texas. Delivery of the missiles is scheduled to
begin in the second quarter of 2014.

About the Joint Standoff Weapon
JSOW is a family of low-cost, air-to-ground weapons that employs an integrated
GPS-inertial navigation system and terminal imaging infrared seeker. JSOW C-1
adds the two-way Strike Common Weapon Datalink to the combat-proven weapon,
enabling a moving maritime target capability. JSOW C-1 will provide an
advanced anti-surface warfare solution on the F/A-18 Super Hornet aircraft.

About Raytheon
Raytheon Company, with 2012 sales of $24 billion and 68,000 employees
worldwide, is a technology and innovation leader specializing in defense,
security and civil markets throughout the world. With a history of innovation
spanning 91 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.

Media Contact
Holly Caldwell
+1.520.665.7608

rmspr@raytheon.com

SOURCE Raytheon Company

Website: http://www.raytheon.com