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Raytheon Company Announces Distribution of Settlement Warrants

    WALTHAM, Mass., June 15, 2006 /PRNewswire-FirstCall/ -- Raytheon
Company (NYSE: RTN) announced today that it will distribute warrants on
June 16, 2006 in connection with the settlement previously announced on May
13, 2004, of the "In re Raytheon Company Securities Litigation," Case No.
99-12142-PBS, in the U.S. District Court for the District of Massachusetts.
    The warrants will be listed for trading on the New York Stock Exchange
as of June 16, 2006 under the symbol "RTN WS."
    Additional information regarding the distribution of the warrants can
be viewed under "Shareholder Information" on the Investor Relations web
page of the Company's internet web site at http://www.raytheon.com.
    Raytheon Company 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
    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, Investor Relations, +1-781-522-5141, both of Raytheon