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Raytheon Responds to Press Reports

    LEXINGTON, Mass., July 17 /PRNewswire-FirstCall/ -- Certain press reports
today stated that the Securities and Exchange Commission is investigating
accounting practices by Raytheon Company (NYSE: RTN).
    Raytheon is unaware of any such investigation.  The company has been
advised by the SEC staff that the investigation commenced by the SEC into the
engineering and construction business on May 2, 2001, which was previously
disclosed by Raytheon, has been closed without action.
    With headquarters in Lexington, Mass., Raytheon Company is a global
technology leader in defense, government and commercial electronics, and
business and special mission aircraft.

    Contact:
     David Polk
     781.860.2386



SOURCE Raytheon Company




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Related links:
  • http://www.raytheon.com
    CONTACT:
    David Polk of Raytheon Company,
    +1-781-860-2386