Raytheon and Its Employees to Contribute $7 Million to United Way in 2001

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Raytheon and Its Employees to Contribute $7 Million to United Way in 2001
    LEXINGTON, Mass., March 27 /PRNewswire/ -- Raytheon Company announced
today that together the company and its employees will contribute more than
$7 million to the United Way of America in 2001. Nationwide, the contribution
will benefit 470 community-based United Ways.
    Overall, Raytheon employees contributed $5 million.  The company
contributed an additional $2 million to 32 United Ways based in communities
where the company has a significant presence.  By location, Raytheon's largest
contributions were posted in Kansas, Massachusetts, Texas, Arizona and
California. United Way organizations in Kansas, Massachusetts and Texas will
receive more than $1 million apiece from Raytheon and its employees.
    "Our employees continue to demonstrate their generosity year after year,"
said Daniel P. Burnham, Raytheon's chairman and chief executive officer.
"Through our contributions we seek to address important health and human
services needs in the communities where our employees live and work."
    Raytheon has developed a close relationship with the United Way to build
connections between the company and the community.  Raytheon employees support
the United Way by contributing either a fixed dollar amount or a percentage of
their pay via a payroll deduction.
    "United Way communities where Raytheon and its employees live and work are
thankful for their generous support and continued commitment to the cause of
caring," United Way of America Acting President Chris Amundsen said.  "Today's
announcement is a wonderful example of how corporations and their employees
can address pressing issues through United Way to strengthen communities
across America."

    Highlights of Raytheon's top five 2001 United Way contributions:
    Kansas
    -- Raytheon contributed more than $1.7 million to 14 community-
    based United Ways
    Massachusetts
    -- Raytheon contributed more than $1.3 million to 27
    community-based United Ways
    Texas
    -- Raytheon contributed more than $1.2 million to 60 community-based
    United Ways
    Arizona
    -- Raytheon contributed more than $850,000 to 9 community-based
    United Ways
    California
    -- Raytheon contributed more than $750,000 to 32 community-
    based United Ways

    Raytheon's annual contribution to the United Way is an important component
of the company's charitable giving philosophy.  Raytheon's charitable giving
is strategically aligned with the company's business interests and focused on
education, access and opportunity, and environmental stewardship.  Raytheon
supports programs that have a significant impact and demonstrate long-term
benefits to the communities where Raytheon has a presence.
    With headquarters in Lexington, Mass., Raytheon Company (NYSE: RTNA, RTNB)
is a global technology leader in defense, government and commercial
electronics, and business and special mission aircraft.

     Contact:
     Amy Hosmer
     781.860.2423
SOURCE Raytheon Company
http://www.raytheon.com
CONTACT:
Amy Hosmer of Raytheon Company, 781-860-2423