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Flight Options Names New Chief Financial Officer

    CLEVELAND, June 12, 2006 /PRNewswire/ -- Flight Options, LLC, a leading
provider of fractional shares in business aircraft and a Raytheon Company
(NYSE: RTN), announced today that the company has named Bruce C. Boyle as
chief financial officer.
    "Flight Options is delighted to bring someone of Bruce's caliber and
experience to our senior leadership team," said S. Michael Scheeringa,
chief executive officer, Flight Options, LLC. "Bruce has more than a dozen
years of CFO level experience. Plus, he brings the view from a customer to
our finance organization, as he was also a customer of Flight Options for a
number of years."
    Most recently, Boyle has held positions as CFO for SMART Papers, Wayne-
Dalton Corporation and Raytheon Appliances. Boyle received his Masters of
Business Administration from the University of Chicago, Bachelor of Science
in Mathematics from Carnegie Mellon University and served as first
lieutenant for the United States Army Reserve.
    Flight Options, LLC offers the complete spectrum of programs from
fractional ownership to leasing to JetPASS Ultimate Travel membership and
has received the prestigious ARG/US Platinum Safety Rating three times. The
Flight Options fleet of approximately 165 aircraft includes the world's
largest fleets of Beechjet 400As and Legacy Executive aircraft. Flight
Options' fleet consists of the Beechjet 400A, Hawker 400XP, Hawker 800XP,
Citation X and Legacy. More information is available at
http://www.flightoptions.com or by calling 877.703.2348.
    Contact: Kate Barth
             kbarth@flightoptions.com
             Flight Options Media Line: 216.797.8350


SOURCE Raytheon Company




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Related links:
  • http://www.raytheon.com/
    CONTACT:
    Kate Barth of Flight Options,
    kbarth@flightoptions.com, Media Line: +1-216.797.8350