Raytheon's Paveway(TM) Weapons Garner December Bookings of More Than $150 Ml

TUCSON, Ariz., Jan. 15, 2008 /PRNewswire/ -- Raytheon Company (NYSE:
RTN) was awarded more than $150 million worth of contracts in December for
the combat-proven Paveway(TM) family of precision-guided munitions. The
latest figures bring the total Paveway year-to-date bookings for 2007 to
more than $300 million, a record for Raytheon's Paveway program.

The contracts are a combination of direct commercial sales and foreign
military sales and will provide customers in Europe and Asia with the
Enhanced Paveway II (EP2) and the EP3 variants of the Paveway weapon
system, which upgrade "dumb bombs" into precision-guided munitions.

"Paveway provides our valued international partners a reliable,
affordable and combat-proven family of weapons that can be easily
integrated into the customer's inventory," said Harry Schulte, vice
president of Raytheon Missile Systems' Strike Weapons product line. "Both
the EP2 and EP3 give our customers the capability to precisely strike a
hardened target in any weather, thanks to the weapon's dual-mode
GPS/laser-guidance system."

Raytheon Company, with 2006 sales of $19.7 billion, is a technology
leader specializing in defense, homeland security and other government
markets throughout the world. With a history of innovation spanning 85
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.

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Raytheon's Paveway(TM) Weapons Garner December Bookings of More Than $150 Ml

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