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RAYTHEON RECEIVES $450 MILLION IN MISSILE SYSTEMS CONTRACTS

 LEXINGTON, Mass., Jan. 10 /PRNewswire/ -- Raytheon Company (NYSE: RTN) received year-end contracts totaling more than $450 million for various systems produced by its missile systems division.
 Contracts awarded by U.S. Army and Navy commands will support the Patriot, Hawk, and Sparrow systems, with major emphasis on Patriot. The Army's Missile Systems Command has awarded an $84 million contract for engineering services in support of Patriot systems deployed in countries around the world, including the U.S., the Federal Republic of Germany, The Netherlands, Japan, and the Kingdom of Saudi Arabia. The award also contains provisions for $106 million in options to be exercised as required.
 The Army also awarded a $57 million contract for the production of weapons control computer and optical recorder disks to be supplied to Patriot units in the U.S., The Netherlands, and Israel. These kits, developed under an earlier contract, will increase the memory of the Patriot weapons control computer, allowing for the continuous recording of data in future engagements, particularly under combat conditions.
 The company also received $202 million in funding marking completion of negotiations under Foreign Military Sale provisions to supply Patriot missiles and fire units to the Kingdoms of Saudi Arabia and Kuwait.
 The Patriot program will also benefit from additional awards totaling $37 million for a variety of tasks associated with the support of system hardware and software and the system's growth program.
 Raytheon's Hawk system won Missile Systems Command funding totaling $28.4 million for support of the Hawk Phase III conversion program for the government of Egypt. The technical and logistics engineering assistance covered by the contract will be completed in March of 1997. Most of the work will be carried out in Egypt.
 In addition to those contracts, the company received a $37 million award from the Naval Air Systems Command for 276 guidance control sections for the AIM-7P Sparrow program. Work will be carried out at Raytheon's Lowell facility and is scheduled for completion in September of 1996.
 Raytheon, headquartered in Lexington, Mass., is a $9 billion international technology company with sales in four business segments: Electronics, Aircraft Products, Energy and Environmental, and Major Appliances.
 -0- 1/10/94
 /CONTACT: Dick Sherman of Raytheon, 617-860-2412/
 (RTN)


CO: Raytheon Company; The Army Missile Systems Command; The Navy Air
 Systems Command ST: Massachusetts IN: ARO SU: CON


JL -- NE016 -- 0667 01/10/94 15:34 EST
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Publication:PR Newswire
Date:Jan 10, 1994
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