Raytheon and UMass Lowell establish institute to inspire technology innovations and knowledge sharing

     Raytheon and UMass Lowell establish institute to inspire technology
                      innovations and knowledge sharing

New joint research facility to become epicenter of academic and industry
collaboration

PR Newswire

TEWKSBURY, Mass., Aug. 12, 2014

TEWKSBURY, Mass., Aug. 12, 2014 /PRNewswire/ --Raytheon Company (NYSE: RTN)
and the University of Massachusetts Lowell have announced an agreement to
establish a joint research facility focused on the advancement of innovative
technologies in a collaborative, state-of-the-art institute. Raytheon is
committing $3 million with options to $5 million throughout the next 10 years
for establishment of this research facility.

The Raytheon-UMass Lowell Research Institute (RURI) will feature
state-of-the-art laboratories and classrooms that will serve as a launchpad
for collaboration and learning among UMass Lowell faculty and students and
Raytheon employees to benefit both organizations in the pursuit of federal
research funding. It will also provide UMass Lowell students with
opportunities for research projects and employment opportunities at Raytheon.

"The creation of the RURI presents a tangible opportunity to advance the
research and the learning of technologies under development for students and
employees alike and will inspire future engineers and drive innovation," said
Dan Crowley, president of Raytheon's Integrated Defense Systems business.

"We look forward to bringing the expertise of our top-notch faculty together
with researchers from Raytheon. This new partnership is just one example of
how UMass Lowell is leading the way in collaborating with industry to power
innovation and the economy in Massachusetts and beyond," said UMass Lowell
Chancellor Marty Meehan. "This institute will also provide our students with
the kind of real-world experience that is one of the hallmarks of a UMass
Lowell education."

"As a co-directed, co-located research environment, the RURI signifies a
unique opportunity for Raytheon's university partnerships," said Mark E.
Russell, Raytheon vice president of Engineering, Technology and Mission
Assurance. "The RURI will serve as an extension of our current research
capabilities and represents a resource across the Raytheon enterprise for the
study of advanced materials and flexible circuit technologies, such as
printable electronics and nanotechnology."

Initial research will focus on future technologies for radar and communication
systems and could expand into other areas as needed. The institute will
leverage UMass Lowell's strengths in printed electronics and nanotechnology
that align with Raytheon's strategic technology needs including high-frequency
printed conformal antennas, carbon-based transistors and photonic devices.

The RURI will be located in the Mark and Elisia Saab Emerging Technologies and
Innovation Center, an $80 million, 84,000-square-foot research facility on the
UMass Lowell campus that is home to cutting-edge research in a variety of
science and engineering disciplines. The center – one of nine new buildings
opened by the university since 2009 – was constructed to provide not only
UMass Lowell faculty and students with the most advanced research facility of
its kind north of Boston, but to also support collaboration with businesses
from startups to world leaders like Raytheon.

The building's fourth floor will be specially equipped to house the institute,
which will be co-directed by Dr. Christopher McCarroll of Raytheon and UMass
Lowell Prof. Craig Armiento, Ph.D., a faculty member in electrical and
computer engineering in the university's Francis College of Engineering.

About UMass Lowell
UMass Lowell is a national research university located on a high-energy campus
in the heart of a global community. The university offers its 17,000 students
bachelor's, master's and doctoral degrees in business, engineering, education,
fine arts, health, humanities, liberal arts, sciences and social sciences.
UMass Lowell delivers high-quality educational programs, vigorous hands-on
learning and personal attention from leading faculty and staff, all of which
prepare graduates to be ready for work, for life and for all the world offers.
www.uml.edu

About Raytheon
Raytheon Company, with 2013 sales of $24 billionand63,000employees
worldwide, is a technology and innovation leader specializing in defense,
security and civil markets throughout the world. With a history of innovation
spanning92years, 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
ascyber securityand a broad range of mission support services. Raytheon is
headquartered in Waltham, Mass. For more about Raytheon, visit us
atwww.raytheon.comand follow us on Twitter @Raytheon.

SOURCE Raytheon Company

Website: http://www.raytheon.com
Contact: Media Contact - Donna Ayer, +1.978.858.1495, idspr@raytheon.com, or
Jeff Cournoyer, University of Massachusetts Lowell, +1.978-934-3332,
Jeffrey_Cournoyer@uml.edu
 
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