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RAYTHEON 1992 HIGHLIGHTS

 LEXINGTON, Mass., Jan. 12 /PRNewswire/ -- Raytheon Company's (NYSE: RTN) 1992 highlights include successes in government electronics, commercial businesses, international markets, and organizational synergy.
 Government Electronics
 In defense electronics, Raytheon won a $1 billion contract in December to provide the Kingdom of Saudi Arabia with 13 Patriot fire units and 761 missiles.
 In September, the company won a $491 million Army contract, with options that could push the total to $615 million, for the Ground Based Radar (GBR). GBR will be used for missile defense in both regional conflicts and protection of the United States.
 In non-defense government electronics, the Federal Aviation Administration (FAA) awarded Raytheon a contract to develop Microwave Landing Systems that will aid aircraft landing in poor visibility.
 In addition, Raytheon continued work on multiyear contracts for the FAA's Advanced Automation System and Terminal Doppler Weather Radar, which warns of hazardous weather conditions at airports. The company also won air traffic control awards in Germany, The Netherlands, and India.
 Commercial Businesses
 In the commercial area, Raytheon made progress toward its goal of generating an equal amount of profit from its commercial side as from its government side.
 Through the first nine months of the year, the company increased its earnings due to improved profitability in its commercial segments -- Energy and Environmental, Aircraft Products, and Major Appliances. (The company's financial results for the fourth quarter and 1992 as a whole are scheduled to be announced January 21.)
 In Raytheon's Energy and Environmental segment, United Engineers & Constructors and The Badger Company won contracts for engineering, construction, and environmental projects from customers worldwide.
 Among the contracts are awards to provide services for decommissioning the Shoreham nuclear generating station at Long Island, N.Y.; a Hoffmann-La Roche pharmaceutical complex in Florence, S.C.; and cogeneration plants in Brush, Colo., and North Las Vegas, Nev.
 In the company's Aircraft Products segment, Beech Aircraft enjoyed strong sales in its Beechjet line, becoming the world's second largest light jet manufacturer.
 At year end, Beech received a follow-on $134 million U.S. Air Force award for 36 T-1A Jayhawks, a military version of the Beechjet. To date, the Air Force has ordered 113 Jayhawks for pilot training and it is anticipated the service will require as many as 180 of the aircraft.
 Beech also received an order exceeding $90 million from Mesa Airlines for 20 new Beech 1900D 19-passenger airliners, related equipment, services, and five used aircraft.
 In Raytheon's Major Appliances segment, the company introduced several new kitchen and laundry appliances from Amana, Caloric, and Speed Queen. Amana, which has seen strong demand for its refrigerators, began producing new refrigerators with energy efficiency ratings that top 1993 federal government requirements.
 International Markets
 Internationally, Raytheon won new orders in both the defense and non-defense markets. The $1 billion contract to supply Patriots to Saudi Arabia is one of the largest foreign military sales in the company's history. Raytheon expects the Saudi order will be followed soon by a Patriot sale to Kuwait.
 Raytheon plans to double the proportion of its international defense business -- from 20 percent to 40 percent of defense sales -- over the next five years.
 Beyond defense, Raytheon won awards from Germany, The Netherlands, and India for new air traffic control systems and continued work on an earlier contract for a modernized air traffic control center in Norway.
 In Raytheon's Energy and Environmental segment, awards include contracts from Petroleos Mexicanos for a petroleum refining facility in Mexico; from Shell for an oil refinery in Thailand; and from the China Petro-Chemical International Company for an ethylbenzene/styrene plant in China.
 Among the international customers who purchased Beech aircraft during 1992 are Impulse Transportation of Australia and the Royal Malaysian Air Force.
 Organizational Synergy
 Synergy between Raytheon's government and commercial operations also contributed to the company's success in 1992, including a U.S. Coast Guard contract for a Vessel Traffic Services system for Prince William Sound in Valdez, Alaska.
 Raytheon Equipment Division, Raytheon Marine Company, and Raytheon Service Company combined their expertise in radars and displays, marine electronics, and installation and maintenance services to win the award.
 Raytheon, headquartered in Lexington, Mass., is a $9 billion diversified technology company with sales in four business segments: Electronics, Aircraft Products, Energy and Environmental, and Major Appliances.
 -0- 1/12/93
 /CONTACT: Ed Powers of Raytheon, 617-860-2415/
 (RTN)


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

SM -- NYYFNS5 -- 3798 01/12/93 07:05 EST
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Date:Jan 12, 1993
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