Javelin Joint Venture Awarded $111.6 Million U.S. Army contract

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Javelin Joint Venture Awarded $111.6 Million U.S. Army contract
    TUCSON, Ariz., Sept. 4, 2008 /PRNewswire/ -- The Raytheon Company
(NYSE: RTN)-Lockheed Martin (NYSE: LMT) Javelin Joint Venture received a
$111.6 million U.S. Army Global War on Terror supplemental contract to
produce additional Javelin missiles and command launch units.

    Javelin is the world's first man-portable fire-and-forget medium-range
missile system. The compact, lightweight missile is designed for
one-soldier operations in all environments. The joint venture expects to
deliver the missiles and CLUs to the U.S. Army in the spring of 2011.

    "The Javelin is very effective in the battlefield. It weighs only 49
pounds and is soft launched, which means the rocket motor ignites outside
the launch tube. Soldiers can fire Javelin from inside a protective
enclosure," said Duane Gooden, Raytheon Missile Systems' Javelin program
director and president of the Javelin Joint Venture. "Javelin's long-wave
imaging infrared technology also allows use of the weapon during poor
weather conditions."

    The Javelin enhances direct-fire capability against armored vehicles,
buildings and field fortifications. Its anti-armor defense capabilities are
critical to mission success in multiple environments. Javelin is currently
in service with the U.S. Army, U.S. Marine Corps and 10 allied customers.

    "Javelin's infrared command launch unit is designed for easy and quick
target engagement," said Hady Mourad, Lockheed Martin's vice president of
the Javelin Joint Venture. "Its thermal sight is also an excellent
surveillance device, which has been demonstrated in the Global War on
Terror."

    Raytheon Company, with 2007 sales of $21.3 billion, is a technology
leader specializing in defense, homeland security and other government
markets throughout the world. With a history of innovation spanning 86
years, Raytheon provides state-of-the-art electronics, mission systems
integration and other capabilities in the areas of sensing; effects; and
command, control, communications and intelligence systems, as well as a
broad range of mission support services. With headquarters in Waltham,
Mass., Raytheon employs 72,000 people worldwide.

    Headquartered in Bethesda, MD, Lockheed Martin is a global security
company that employs about 140,000 people worldwide and is principally
engaged in the research, design, development, manufacture, integration and
sustainment of advanced technology systems, products and services. The
corporation reported 2007 sales of $41.9 billion.



    Contacts:
    Lockheed Martin                    Raytheon
    Heather Kelly                      Heather Uberuaga
    407.356.5351                       520.665.5594
SOURCE Raytheon Company
http://www.raytheon.com
CONTACT:
Heather Kelly of Lockheed Martin,
+1-407-356-5351; Heather Uberuaga of Raytheon, +1-520-665-5594