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/C O R R E C T I O N -- RAYTHEON/

 In NE007, Raytheon Unit Makes Engineering Acquisitions, moved earlier today, we are advised by the company that there are several revisions to the original release. The revised press release follows:
 RAYTHEON UNIT MAKES ENGINEERING ACQUISITIONS
 LEXINGTON, Mass., Feb. 17 /PRNewswire/ -- Raytheon Company (NYSE: RTN) today announced that its United Engineers & Constructors International, Inc. (UE&C) subsidiary has acquired three engineering businesses from Gibbs & Hill, Inc. of New York, a privately-owned company.
 Terms of the deal were not disclosed.
 In the first transaction, United Engineers Far East Ltd., a UE&C International subsidiary, has acquired 45 percent of the shares in Gibsin Engineers Ltd., of Taipei, Taiwan, which were previously held by Gibbs & Hill.
 Gibsin Engineers is a 300-person engineering firm established in 1979 as a joint venture between Gibbs & Hill and Taiwan's Sinotech Foundation for Research and Development of Engineering Sciences and Technologies.
 Gibsin provides comprehensive engineering services for power plant and industrial projects in Taiwan and other Far East countries.
 In the second transaction, UE&C Urban Services, Inc., a UE&C subsidiary, has acquired the assets of the transportation group of Gibbs & Hill.
 The Gibbs & Hill transportation group is a leader in mass transit and light rail systems and has project experience with virtually every major transit agency in the United States. The group recently provided systems integration design services for the new St. Louis Metro Link and is currently supporting Washington Metro expansion projects.
 The group, based in New York, employs 40 people. It will now become the Gibbs & Hill Division of UE&C Urban Services, which will also consist of the UE&C Jackson & Moreland architectural group in Boston, and the UE&C airport services and infrastructure group in Denver.
 In the third transaction, UE&C acquired the assets of Gibbs & Hill's New York-based power business, which has 50 employees.
 The acquisitions are expected to generate approximately $17-20 million in additional annual sales for Raytheon.
 "These acquisitions broaden our presence in the Far East and in the infrastructure services market, as well as add to our established strength in power plant projects," said Charles Q. Miller, UE&C president and CEO.
 United Engineers & Construction International, headquartered in Philadelphia, provides engineering, construction, maintenance, and environmental services through its subsidiaries to a broad range of industries throughout the world.
 -0- 2/17/93
 /CONTACT: Dick Sherman of Raytheon, 617-860-2412, or Nancy Pigford of UE&C, 215-422-3560/
 (RTN)


CO: Raytheon Company ST: Massachusetts IN: ARO SU: CON

TM -- NE007A -- 7326 02/17/93 12:09 EST
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Date:Feb 17, 1993
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