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RAYTHEON CHAIRMAN DESCRIBES NEW BUSINESS GROUPS TO ANALYSTS

 RAYTHEON CHAIRMAN DESCRIBES NEW BUSINESS GROUPS TO ANALYSTS
 LEXINGTON, Mass., Feb. 26 /PRNewswire/ -- Raytheon Company (NYSE: RTN) Chairman and Chief Executive Officer Dennis J. Picard described the company's new Energy and Environmental business segment and new Commercial Electronics Group in a Raytheon overview for aerospace industry analysts Friday afternoon in New York City.
 Picard announced to the analysts that Raytheon's Energy Services segment has been expanded and renamed. Now called Energy and Environmental, the segment has been broadened through the addition of Raytheon Service Company and Cedarapids, Inc. The two operations had been part of the company's "Other Lines" segment.
 The change was made "to reflect the segment's strong participation in the environmental marketplace," said Picard. "Through this broadened segment we can now bring 16,000 people to bear across an extremely wide range of engineering and construction services, environmental services, geophysical services and technical support services.
 "We also have potential synergies to pursue major opportunities that had previously been beyond our grasp."
 The Energy and Environmental segment, he told the analysts, is now Raytheon's second largest in terms of sales, with $1.677 billion in sales in 1991. The company's goal is to more than double the segment's sales over the next five years.
 In conjunction with the addition of Raytheon Service Company and Cedarapids, Inc., to the Energy and Environmental segment, Raytheon has added its D.C. Heath & Company unit for reporting purposes to the company's Electronics segment.
 The three operations had formed Raytheon's Other Lines segment. As a result of the moves, a need no longer exists for the segment, reducing the number of Raytheon business segments from five to four.
 Picard also told the analysts about Raytheon's new Commercial Electronics Group, which was announced in January. The group, part of the company's Electronics segment, consists of Raytheon Marine Company, Switchcraft, Inc., Sorensen Company, and Seiscor Technologies, Inc.
 Raytheon combined the four operations into one group "to streamline our operations in commercial and industrial electronics," said Picard.
 Raytheon Company is a diversified, international, technology-based company and recorded $9.3 billion in sales in 1991. The company's four business segments, in order of the size of sales, are: Electronics, Energy and Environmental, Aircraft Products, and Major Appliances.
 -0- 2/26/92
 /CONTACT: Patrick Coulter of Raytheon, 617-860-2173/
 (RTN) CO: Raytheon ST: Massachusetts IN: ARO SU:


EG -- NE009 -- 2776 02/26/92 11:50 EST
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Date:Feb 26, 1992
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