Raytheon Awarded U.S. Army Live Training Contract Valued at $414 Million.

VIENNA, Va.--(BUSINESS WIRE)--Nov. 4, 1999--

Raytheon Company (NYSE:RTNA, RTNB) has been awarded a contract potentially worth $414 million by the U.S. Army Simulation Training and Instrumentation Command (STRICOM) to provide life cycle contractor support for tactical engagement, instrumentation and range training devices and systems for the Live Training Program.

Under this eight-year award, which includes a one-year base period followed by seven one-year options, Raytheon will provide operation and maintenance, logistics and engineering and software support of instrumentation, scoring systems and other equipment. Raytheon will also provide training analysis and feedback, scenario development operations, operation reviews and battlefield effects. Work will be performed at Fort Irwin, Calif.; Fort Polk, La.; Fort Hood, Texas; and Hohenfels and Grafenwoehr, Germany; and at 35 field sites worldwide.

"This award recognizes Raytheon's strengths in training and range support services," said Phil LePore, a vice president of Raytheon Company and Raytheon Systems Company executive vice president and general manager of the Training and Services segment. "We're very pleased to have this opportunity to continue supporting STRICOM's important mission."

Raytheon also provides life cycle contractor support services to STRICOM at sites worldwide for the family of Battlefield Mobility/Target Acquisition training devices.

Raytheon Company, based in Lexington, Mass., is a global technology leader that provides products and services in the areas of commercial and defense electronics, engineering and construction, and business and special mission aircraft. Raytheon has operations throughout the United States and serves customers in more than 80 countries around the world.