Raytheon Receives $44 Million U.S. Navy Award for F/A-18 Threat Protection Systems

GOLETA, Calif., April 20, 2005 /PRNewswire/—Raytheon Company (NYSE:RTN) has been awarded a $44 million contract for production of its ALR- 67(V)3 radar warning receiver system for the U.S. Navy. The ALR-67(V)3, which is the state-of-the-art radar warning receiver on U.S. Navy F/A-18E/F carrier- based tactical aircraft, recently completed a successful initial deployment in Operation Iraqi Freedom.

The award was received from the U.S. Navy's Naval Air Systems Command, Patuxent River, Md., and calls for the delivery of 42 radar warning receivers plus spares. Three annual follow-on options call for 92 additional systems and are valued at $116.8 million.

Deliveries of the system under the Lot 7 contract will begin in October 2006 and are expected to be complete by September 2007. The production award represents the seventh full rate production lot awarded to Raytheon. Low rate initial production of the system began in June 1998, followed by full rate production (Lot 1) in August 1999.

"We're proud of the combat proven performance of the ALR-67(V)3," stated Pat Hurley, vice president and general manager, Raytheon Electronic Warfare Systems. "Our unwavering commitment to program execution and on-time delivery is critical to providing mission assurance to the warfighter."

The system, designated the AN/ALR-67(V)3, provides advanced techniques to detect and identify threat radar emitters, thereby enhancing the survivability of aircraft equipped with the system. A total of 284 radar warning receivers plus spares has now been ordered under the overall production program. Future international sales of the system are also possible. Work on the radar warning receiver is being done by the company's Electronic Warfare Systems organization in Goleta, Calif., with support provided by facilities in El Segundo, Calif., Forest, Miss., and McKinney, Texas.

The ALR-67(V)3 is designed to enhance the survivability of aircrews by providing improved situational awareness in today's complex electronic warfare environments. This includes emitter identification, extended capabilities in detection and processing, threat location and potential lethality. Raytheon has packaged the channelized radar warning receiver into an extraordinarily lightweight 100-pound system that is designed to meet the Navy's electronic warfare requirements well into the 21st Century.

Raytheon Company, with 2004 sales of $20.2 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.

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