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RAYTHEON AND THOMPSON VENTURE AWARDED MULTI-MILLION DOLLAR CONTRACT FOR MINEHUNTING SONARS

RAYTHEON AND THOMPSON VENTURE AWARDED MULTI-MILLION DOLLAR CONTRACT
 FOR MINEHUNTING SONARS
 PORTSMOUTH, R.I., July 28 /PRNewswire/ -- THORAY Electronics Corporation, a joint venture company formed by Raytheon Company's (NYSE: RTN) Submarine Signal Division and Thomson Sintra Activities Sous-Marines of France, has been awarded a multi-million dollar contract for minehunting sonar systems.
 Paramax Systems Corporation of Reston, Va., combat-systems integrator for a series of coastal minehunting ships to be built for the Egyptian Navy by Swiftships, Inc., has contracted with the newly-formed Portsmouth, R.I.-based company for three hull-mounted minehunting sonar systems.
 Under terms of the agreement, THORAY will build in the U.S. the TSM 2022, a minehunting sonar system designed by Thomson Sintra Activities Sous-Marines, and now in service throughout the world. More than 20 TSM 2022 systems have been purchased in recent years for the navies of six different nations.
 Establishment of THORAY is a continuation of a cooperative relationship between Raytheon's Submarine Signal Division and Thomson Sintra Activities Sous-Marines which dates back to the early 1980s and includes the development and production of the U.S. Navy's newest minehunting sonar system, the AN/SQQ-32.
 C. Dale Reis, Raytheon Company vice president and general manager of the Submarine Signal Division, said, "This formalized collaboration enables two highly respected companies, each with considerable strength in the mine warfare business, to formally pursue unique opportunities in a growing business area. The activities of THORAY will supplement each company's domestic and international market activities."
 The TSM 2022 can be fitted aboard a full range of minehunting ship types. It performs detection and classification of moored and bottom mines, and mine avoidance and route survey calculations using high-resolution multi-beam technologies.
 The three systems will be delivered over a 30-month period, with the first system scheduled to be delivered in late 1993.
 Raytheon's Submarine Signal Division has designed and developed advanced sonars and combat systems for both submarines and surface ships. Systems have been delivered to more than 15 nations around the world.
 A total of 21 AN/SQQ-32 minehunting sonar systems have been purchased to date by the U.S. Navy and by Japan, with the system performing well in its first combat test during the Gulf War. The U.S. Navy also recently selected Raytheon's Submarine Signal Division for development of the AN/AQS-20, an airborne minehunting system featuring a helicopter-towed sonar.
 Thomson Sintra Activities Sous-Marines is an affiliate of Thomson-CSF and an international leader in undersea warfare. In the mine warfare domain, it offers, with over 100 systems in active service, comprehensive experience in minehunting, minesweeping, surveillance and active and passive countermeasures. It has been developing minehunting sonars and combat systems since the early 1960s and produced the DUBM and IBIS series equipment installed aboard TRIPARTITE and other minehunters.
 Raytheon Company, headquartered in Lexington, Mass., is a $9.3 billion diversified technology company with sales in four business segments: Electronics, Aircraft Products, Energy and Environmental, and Major Appliances.
 -0- 7/28/92
 /CONTACT: Ed Powers of Raytheon Company, 617-860-2415/
 (RTN) CO: Raytheon Company ST: Massachusetts IN: ARO SU: COn


TM -- NE014 -- 4187 07/28/92 15:02 EDT
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Date:Jul 28, 1992
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