Raytheon Company
was recently awarded an $11.2 million Program Research and Development
Announcement (PRDA) contract for initial development work related to the Air
Force’s next generation of military Global Positioning System (GPS) receivers.

Under the contract, Raytheon’s Space and Airborne Systems business will
study the implementation, certification, integration and operation of a
modernized military global positioning user equipment (MUE) security
architecture; the ability to design, develop and produce MUE; and the
feasibility and advisability of implementing the military’s Y-Code GPS signal
in MUE.

“The MUE PRDA studies will provide a vital foundation for the development
of more robust and accurate military GPS user equipment that our armed forces
will need by the end of this decade,” said Dr. Mark Youhanaie, Raytheon Space
and Airborne Systems’ leader for the Precision Engagement strategic business

Contract work will be completed by February 2005, in time to support the
start of the MUE engineering development phase.

Precision Guidance Systems (PGS), an organization within Raytheon’s Space
and Airborne Systems business, designs and develops integrated navigation
systems for weapons, avionics, and handheld applications. PGS is an industry
leader in GPS anti-jam solutions, including analog and digital adaptive
antenna systems and ultra-tight coupled GPS/INS systems. PGS also manufactures
GPS Selective Availability Anti-Spoofing Module (SAASM) receivers.

Raytheon Company’s Space and Airborne Systems business is a $3 billion
world leader in the design, development and manufacture of advanced electronic
systems for precision engagement; missile defense; and intelligence,
surveillance and reconnaissance applications. Key capabilities include
electro-optical/infrared sensors, airborne radars, solid state high energy
lasers, precision guidance systems, electronic warfare systems and space-
qualified systems for civil and military applications. Headquartered in El
Segundo, Calif., Space and Airborne Systems has 11,000 employees and
additional facilities in Goleta, Calif.; Forest, Miss.; Dallas, McKinney and
Plano, Texas; and several international locations.

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.