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Raytheon's Laser Guided Rocket Completes Wind Tunnel Test

    TUCSON, Ariz., Oct. 8, 2008 /PRNewswire/ -- Raytheon Company (NYSE:
RTN) completed a Laser Guided Rocket wind tunnel test that produced both
high fidelity flight simulations and data for development of the
aerodynamic model required for autopilot design.

    The LGR program is part of a cooperative development agreement with
Emirates Advanced Investments of the United Arab Emirates. The agreement is
for the development of a semi-active laser guided 70 mm (2.75 inch) rocket
designed to provide increased precision and lethality compared with
conventional, unguided rockets.

    The four-day wind tunnel test included 542 runs in the Calspan
Transonic Wind Tunnel in Buffalo, N.Y. The test was the first of many
upcoming design verification events in the 24-month development and
qualification program.

    "This program is a potential model for Raytheon's global business
template," said Richard Janik, Raytheon Missile Systems' LGR program
director. "It has important financial, engineering and manufacturing
ramifications for our international business efforts, our UAE partner and
our customers."

    The Raytheon-EAI cooperative development agreement includes a follow-on
production proposal to manufacture LGR in both the U.S. and UAE.

    "The Laser Guided Rocket program is an important venture for both our
company and the UAE," said Hussain I. Al Hammadi, Emirates Advanced
Investments' chief executive officer. "We're very pleased that the test
results were so positive, as it has allowed us to progress on schedule and
meet the next milestone objectives."

    Emirates Advanced Investments, located in Abu Dhabi, United Arab
Emirates, was incorporated in 2005 to develop advanced technologies and
high quality services through strategic global partnerships with world
class manufacturing and service organizations.

    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.


Contact: John Nelson 520.794.7810 office 520.664.8560 mobile John_H_Nelson@raytheon.com
SOURCE Raytheon Company




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    CONTACT:
    John Nelson of Raytheon Company,
    +1-520-794-7810, office, or +1-520-664-8560, mobile,
    John_H_Nelson@raytheon.com