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Raytheon Wins $61 Million Contract for Global Positioning Receivers

EL SEGUNDO, Calif., April 16, 2008 PRNewswire — Raytheon Company (NYSE: RTN) has won a $61 million U.S. Air Force contract to complete the development and certification of next-generation global positioning receivers. The contracting agency is the Global Positioning System Wing at the U.S. Air Force Space and Missile Systems Center, Los Angeles.

Under the Modernized User Equipment program, the circuit card technology will connect military users with new GPS navigation signals compatible with enhanced NAVSTAR GPS satellites. The receivers, which will employ the new M-code military signal, also will work effectively with legacy signal systems.

"The MUE program is raising the capability of military GPS equipment while lowering the cost for the warfighter," said Phil Kelton, MUE program manager for Raytheon's GPS and navigation systems business. "Raytheon's approach to MUE takes advantage of breakthroughs in microelectronics technology, coupled with advanced security solutions to enable higher performance and greater integrity at less cost than today's systems."

Kelton sees potential to achieve "true force-enhancing status" for military GPS capability though the proliferation of low-cost GPS modernized user equipment. Raytheon is teamed on the program with General Dynamics and Trimble Navigation Systems.

"The award of this second phase of the systems design and development contract allows us to complete the custom building-blocks being developed for the next-generation M-code GPS receivers," said Michael Crisp, director of Raytheon GPS and navigation systems. "This technology development will strengthen and preserve the secure GPS navigation capability in the equipment used by the U.S. and its allies in all missions."

In addition, Crisp said, two form factor receiver cards are being developed that will allow modular upgrades of Raytheon's avionics, weapons and integrated sensor systems ahead of the full deployment of the GPS III satellite constellation.

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: Faith Jennings 310 334 2553 office 310 977 1963 mobile faith_jennings@raytheon.com

SOURCE Raytheon Company

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