Raytheon Company Mourns Loss of Charles F. Adams, Retired Chairman and President, a Central Figure in Raytheon's Growth.

LEXINGTON, Mass.--(BUSINESS WIRE)--Jan. 6, 1999--Raytheon Company Chairman Dennis J. Picard commented on yesterday's passing of Charles F. Adams, 88, former chairman and president of Raytheon Company, and one of the most important figures in Raytheon's development and growth.

"I want to pay a special tribute to Charles F. Adams. The best way I can describe what he meant to this company is that he infused Raytheon with his very heart and soul. It was a great honor working for him and to have had his counsel and encouragement. I am personally very grateful to him beyond words. He will be deeply missed. Charlie was one of the most remarkable human beings I have ever known."

Thomas L. Phillips, a director of Raytheon and a retired chairman of the company, who had succeeded Mr. Adams, said, "From 1964 to 1975, Charlie Adams was chairman, and I was president of Raytheon. We had a close working relationship and also a close friendship with one another. He was a wise counselor to me and other managers of Raytheon. He also was a great statesman in the corporate world. I will miss him as a good friend and a trusted colleague."

After retiring as chairman, Mr. Adams remained on the board, serving a total of 55 years as a Raytheon director until stepping down in December 1997. He served as president of Raytheon for 16 years, beginning in 1948.

Prior to World War II, Mr. Adams was a director of Raytheon Company and of Submarine Signal Company, which later merged with Raytheon. During World War II, Mr. Adams commanded destroyer escorts in the Atlantic and Pacific. He returned from the war as a Commander, and was later assigned to the Bureau of Personnel in the Navy Department, Washington, D.C.

An honorary trustee of Woods Hole Oceanographic Institution, trustee of the USS Constitution Museum Foundation, and the Massachusetts Humane Society, Mr. Adams also was a fellow of the Academy of Arts and Sciences, a former overseer of Harvard University and vice president of the Massachusetts Historical Society.

Charles F. Adams was born in Boston on May 2, 1910, a direct descendant of former Presidents John Adams and John Quincy Adams. He attended St. Mark's School, was graduated from Harvard College in 1932 and did graduate work at the Harvard Graduate School of Business Administration. He held honorary degrees from Suffolk University, Northeastern University, Bates College and Tufts University.

He was a member of the Somerset Club, The Country Club, The Commercial Club of Boston, New York Yacht Club, New Bedford Yacht Club, and the Cruising Club of America.