Raytheon Receives $49.2 Million Modification to JLENS Contract.

TUCSON, Ariz.--(BUSINESS WIRE)--Dec. 16, 1999--

Raytheon Company (NYSE:RTNA, RTNB) has received a $49.2 million modification to its present contract for the Joint Land Attack Cruise Missile Defense Netted Sensor System (JLENS). Raytheon will provide preliminary design and risk reduction work on key system components through September 2005. Additional options, if exercised, will permit the full fabrication, integration, test and demonstration of these components in the same timeframe.

JLENS lifts advanced sensors and other payloads on 71-meter aerostats above 10,000 feet. It provides a cost-effective, long-endurance (up to 30 days), over-the-horizon detection and tracking capability required to defeat the proliferating land attack cruise missile threat, which can be masked by terrain from surface-based sensors. As a result, JLENS will enable engagements of these threats at extended ranges by the Army's Patriot PAC-3 weapon system and the Navy's AEGIS Standard Missile system.

"The JLENS system not only provides the long range capability to track cruise missiles, but JLENS is also cost effective because of its long on-station time," said Col. Mary Fuller, JLENS program manager. "The rapid turnaround from request for proposal to contract award took less than three weeks due to a great team effort and a high level of commitment from both contractor and government personnel," she added.

Work on JLENS will be performed at Raytheon facilities in Bedford, Sudbury and Andover, Mass.; El Segundo and San Jose, Calif.; Dallas and El Paso, Texas; St Petersburg, Fla.; and Huntsville, Ala.

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.