Expansionary Institute

Raytheon Selected as Future Combat Systems' Ground Sensor Integrator (Dominionization)

Raytheon Selected as Future Combat Systems' Ground Sensor Integrator

MCKINNEY, Texas, July 10 /PRNewswire/ -- Raytheon Company (NYSE:RTN) has been selected to enter into negotiations toward an estimated $50 million Future Combat Systems (FCS) contract to serve as Ground Sensor Integrator (GSI). The announcement of this selection for negotiations was made today by FCS Lead Systems Integrator (LSI), lead by Boeing [NYSE: BA], on behalf of the U.S. Army.

As GSI, Raytheon will develop a sensor architecture and define, select, acquire and integrate sensors to support the U.S. Army's transformational objectives. The company will collaborate with the Army and the LSI to select the best existing sensors, direct the development of new ones, and integrate the sensors into a seamless network, increasing the potential value of this package to several hundred million dollars.

"This integrated network of sensors will span the gamut of ground platforms to give war fighters 'knowledge dominance' over any adversary, and to facilitate faster, more decisive operations," said Jack Costello, Raytheon vice president for Army Transformation.

FCS is the defining element of the U.S. Army's Objective Force. FCS employs networking, an array of sensors and information fusion to achieve unprecedented levels of situational awareness and operation synchronization. Its new capabilities - networked sensors, advanced command and control, agile platforms, and precision effects - will enable the Army to meet changing warfare requirements.

"Raytheon's 75-year sensor development history and its demonstrated integration skill will reduce risk and help ensure program success," said Dennis Muilenburg, LSI program manager and Boeing vice president.

Raytheon Company, with 2002 sales of 16.8 billion, is an industry leader in defense, government and commercial electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Lexington, Mass., Raytheon employs more than 76,000 people worldwide.

Contact:

Patricia Perlini

972.952.4033

SOURCE Raytheon Company

CO: Raytheon Company

ST: Texas, Massachusetts

SU:

Web site: www.raytheon.com

www.prnewswire.com

07/10/2003 15:30 EDT

06/29/03 14:17 EDT

Fri Jul 11