WALTHAM, Mass., March 30, 2006 /PRNewswire-FirstCall/ -- Raytheon Company
(NYSE: RTN) announced today that its Board of Directors voted to increase the
Company's annual dividend by 9 percent, from $0.88 to $0.96. The Board also
authorized payment of a quarterly cash dividend of 24 cents per outstanding
share of common stock to be paid on May 9, 2006 to shareholders of record as
of the close of business on April 11, 2006. Payment of quarterly dividends is
subject to Board authorization.
The Board of Directors also authorized the repurchase of up to an
additional $750 million of the Company's outstanding common stock commencing
in 2006. Share repurchases will take place from time to time at management's
discretion depending on market conditions.
"This once again demonstrates our strong financial performance and our
commitment to increase shareholder value," said William H. Swanson, Raytheon's
Chairman and CEO.
Raytheon Company (NYSE: RTN), with 2005 sales of $21.9 billion, is an
industry leader in defense and government electronics, space, information
technology, technical services, and business and special mission aircraft.
With headquarters in Waltham, Mass., Raytheon employs 80,000 people worldwide.
Contact
Steve Brecken
781.522.5127
Investor Relations Contact
Greg Smith
781.522.5141
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
CONTACT:
Steve Brecken, +1-781-522-5127, or Greg
Smith, +1-781-522-5141 both of Raytheon Company
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