Raytheon Company today announced
that its Integrated Defense Systems business will pursue the Missile Defense
Agency’s (MDA) Targets and Countermeasures program.

Among other tasks, the Targets and Countermeasures program calls for a
prime contractor to manufacture a new target vehicle and integrate
countermeasure payloads for the Ground Based Midcourse Defense system. A final
MDA Request for Proposal is expected in May 2003 with an award later in the
year.

As the prime contractor, Raytheon would leverage the existing domestic and
international targets and countermeasures industrial base and employ an open,
collaborative business model to leverage partnerships and achieve the best
solutions for the MDA’s evolving requirements.

“Raytheon will operate as the single integrating prime contractor for the
targets and countermeasures mission,” said Ed Franklin, president, Raytheon
Integrated Defense Systems. “Raytheon has executed on large scale system
integration projects; we’ve demonstrated our state-of-the-art systems
engineering model; and our people and technologies provide the key enablers to
the critical task of testing our nation’s missile defense systems.”

As the nation’s leader in missile defense technologies, Raytheon brings
more than 40 years of large-scale systems integration and management
experience to bear on this vital MDA program. With exemplary systems
integration performance on the Patriot Air and Missile Defense System, the
System for the Vigilance of the Amazon (SIVAM), and the Navy’s next generation
destroyer, DD(X), Raytheon’s innovation and disciplined engineering talent
would provide a laser-like focus on providing mission solutions for MDA’s
complex targets and countermeasures program.

“We have assembled a talented, experienced and focused team equipped with
state-of-the-art technologies and management tools to pursue this vital
customer endeavor,” said Rick Yuse, vice president of the Missile Defense
product line at Raytheon Integrated Defense Systems. “Raytheon is uniquely
positioned with its ‘One Company’ approach to provide the program management,
quality and innovation required by the Missile Defense Agency to assure
mission success.”

Raytheon would maximize targets and countermeasures flexibility and
agility while reducing cycle times. In addition, the Raytheon-led team would
leverage Raytheon’s modeling and simulation capabilities, providing the MDA
with the mission assurance demanded on each and every flight test. As the
operating business for Raytheon’s Missile Defense Strategic Business Area,
Raytheon Integrated Defense Systems would leverage the wealth of missile
defense experience and technology that exists across Raytheon’s defense
businesses.

Based in Tewksbury, Mass., Raytheon Integrated Defense Systems provides
integrated air and missile defense, and naval and maritime warfighting systems
for the U.S. Missile Defense Agency, and strong global integrated capabilities
for Army, Navy, Marine Corps, and technology customers.

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.