Raytheon Awarded $165 Million for Light- and Heavyweight Torpedoes

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Raytheon Awarded $165 Million for Light- and Heavyweight Torpedoes
    TEWKSBURY, Mass., Oct. 15, 2008 /PRNewswire/ -- Raytheon Company (NYSE:
RTN) has been awarded a $165 million U.S. Navy contract to provide MK54
lightweight and MK48 heavyweight torpedo hardware, engineering and support
services.

    Raytheon Integrated Defense Systems (IDS) will produce and deliver 228
MK48 Common Broadband Advanced Sonar System (CBASS) torpedo guidance and
control upgrade kits and 192 MK54 lightweight torpedo kits. Nineteen MK48
CBASS upgrade kits are to be produced for the Royal Australian Navy, and
100 MK54 torpedo kits will be delivered to the Turkish Navy via a foreign
military sales agreement.

    In addition, Raytheon IDS will provide associated services to support
the Navy's operational requirements for torpedo programs.

    "This contract extends Raytheon's established partnership with the U.S.
Navy in the development of the world's most capable undersea warfare
weapons," said IDS' Charles "Tom" Bush, vice president, Seapower Capability
Systems. "We remain committed to building, testing and delivering
affordable, high- performance reliable weapons systems that our customers
can rely on, without a doubt."

    Raytheon IDS is the U.S. Navy's sole production supplier for light- and
heavyweight torpedoes, working directly with the U.S. Navy to meet the
torpedo requirements of U.S. and allied fleets. Together, the U.S. Navy and
Raytheon have formed a total enterprise partnership, Team Torpedo,
dedicated to the design and production of the world's most capable
torpedoes.

    Raytheon's Team Torpedo combines manufacturing, design engineering, and
support services expertise with the systems engineering and testing
capabilities of Naval Undersea Warfare Center (NUWC) operations in Newport,
R.I., and Keyport, Wash.

    Both the MK54 and MK48 have undergone rigorous operational testing,
including a recent successful torpedo sink exercise involving a MK48 CBASS
torpedo fired from the Royal Australian Navy's Collins-class submarine,
HMAS Waller.

    Work on the contracts will be performed at Raytheon's Torpedo and
Readiness Center, co-located with the U.S. Navy at NUWC Division Keyport,
Wash., and at the Seapower Capability Center, Portsmouth, R.I.

    Integrated Defense Systems is Raytheon's leader in Global Capabilities
Integration, providing affordable, integrated solutions to a broad
international and domestic customer base, including the U.S. Missile
Defense Agency, the U.S. Armed Forces and the Department of Homeland
Security.

    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.

    Note to Editors:

    This contract award was originally announced by the Department of
Defense Oct. 9, 2008




    Contact:
    Carolyn Beaudry
    401.842.3550
SOURCE Raytheon Company
http://www.raytheon.com
CONTACT:
Carolyn Beaudry of Raytheon Company,
+1-401-842-3550