South Korea Chooses Raytheon's Patriot for Air and Missile Defense Capability Upgrade

TEWKSBURY, Mass., March 3, 2008 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has received an initial contract to provide engineering services related to a U.S. government Foreign Military Sale of the Patriot air and missile defense system to South Korea.

Raytheon expects significant follow-on awards to complete the system integration and to provide command and control, communications and maintenance support equipment, as well as the training of Korean operators and maintainers and technical assistance to the deployed systems.

"There is a strong continuing demand, both domestically and internationally, for the combat-proven Patriot system," said Joseph "Skip" Garrett, deputy of Patriot Programs for Raytheon Integrated Defense Systems. "Our Patriot systems will provide South Korea the capability to defend itself from the full spectrum of air and missile threats. Raytheon is committed to ensuring Patriot continues to provide our U.S. warfighters and international allies with a superior, affordable and reliable air and missile defense capability to meet current and future threats."

Raytheon is the prime contractor to the U.S. government for this Foreign Military Sales program, which is called SAM-X by South Korea.

This engineering services contract calls for Raytheon to perform preliminary planning and program development efforts for the integration of Patriot Fire Units into South Korea's national command and control structure.

Integrated Defense Systems is Raytheon's leader in Joint Battlespace Integration providing affordable, integrated solutions to a broad international and domestic customer base, including the U.S. Missile Defense Agency, the U.S. Armed Forces and the Department of Homeland Security.

Raytheon Company, with 2007 sales of $21.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 85 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.