Raytheon Awarded $32 Million U.S. Navy Bomb Rack Contract

INDIANAPOLIS, Nov. 22, 2010 /PRNewswire/ — The U.S. Navy’s Naval Air Systems
Command has awarded Raytheon Company (NYSE: RTN) a $32.4 million
cost-plus-incentive-fee contract for engineering and manufacturing development
of the BRU-69/A Multi-Purpose Bomb Rack system.

The MPBR will replace several bomb racks currently deployed on Navy aircraft. It
will use pneumatic energy instead of an explosive charge to release the weapon
from the rack. Advanced electronics built into the bomb rack will ensure the new
system is compatible with current and future precision-guided weapons, or “smart
bombs.”

The MPBR system will be designed and built at the Raytheon Technical Services
Company LLC (RTSC) facility in Indianapolis, Ind. The engineering and
manufacturing development phase of the program will be completed in 2014, when
low rate initial production is expected to begin, with full scale production
starting in 2017.

For this program, RTSC is teamed with Ultra Electronics Precision Air Systems.
Raytheon will design, develop and build the bomb rack, while Ultra will produce
the airborne High Pressure Pure Air Generator that produces the pneumatic energy
for the release system.

“Because of its low-maintenance, high-reliability design, the MPBR is expected
to provide substantial life-cycle cost savings, compared with existing racks,”
said RTSC Customized Engineering and Depot Support Vice President Wayne Iurillo.
“The single configuration for multiple stores will also be designed to
significantly increase savings.”

Raytheon Company, with 2009 sales of $25 billion, is a technology and innovation
leader specializing in defense, homeland security and other government markets
throughout the world. With a history of innovation spanning 88 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 75,000
people worldwide.

Contact:
Gerald L. Petrie
317.306.7066 (office)
972.834.4472 (mobile)

SOURCE Raytheon Company