Raytheon Awarded $34.4 Million to Continue Patriot 'Pure Fleet' Upgrades

[tigershark]

Raytheon Awarded $34.4 Million to Continue Patriot 'Pure Fleet' Upgrades
TEWKSBURY, Mass., Aug. 14, 2008 /PRNewswire/ -- Raytheon Company (NYSE:
RTN) has received a $34.4 million U.S. Army contract continuing Patriot
"Pure Fleet" modernization.

    The U.S. Army Aviation and Missile Command contract for additional
upgrades is part of a $310 million "Pure Fleet" contract awarded to
Raytheon in December 2007. It enables the continuation of upgrading Army
Patriot equipment to state-of-the-art Patriot Configuration 3 status.

    "Upgrading Patriot fire units from Configuration 2 to Configuration 3
enhances the system's capabilities to meet current and emerging threats,"
said Sanjay Kapoor, vice president of Patriot Programs at Raytheon
Integrated Defense Systems.

    "As the prime contractor for the Patriot system, Raytheon is committed
to ensuring our Patriot systems continue to provide superior, affordable
and reliable air and missile defense capability to meet the Army's
mission," Kapoor said. "The U.S. Army's upgrade to Configuration 3 is
leading the way as many of our international Patriot partners around the
globe are similarly upgrading the Patriot system as a key component in
their air and missile defenses."

    The add-on contract calls for Raytheon to provide hardware upgrades to
Patriot radars, engagement control stations and launchers as well as
enhanced logistics capability through support to a common configuration.
Work will be performed at Raytheon's Integrated Air Defense Center,
Andover, Mass.

    Raytheon Integrated Defense Systems (IDS) is the prime contractor for
the Patriot system and the system integrator for the system that includes
both the PAC-3 missile and the Guidance Enhanced Missile-T. As the system
integrator, Raytheon IDS ensures that all Patriot system components provide
the warfighter a reliable and lethal capability to defeat the threats in
current and future combat environments.

    Integrated Defense Systems is Raytheon's leader in Joint Battlespace
Integration providing affordable, integrated solutions to a broad
international and domestic customer base, including the U.S. Missile
Defense Agency, the U.S. Armed Forces and the Department of Homeland
Security.

    Raytheon Company, with 2007 sales of $21.3 billion, is a technology
leader specializing in defense, homeland security and other government
markets throughout the world. With a history of innovation spanning 86
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 72,000 people worldwide.




    Contact:
    Mike Nason
    703.419.1421


SOURCE Raytheon Company


Source
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