Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

        Date of Report (date of earliest event reported): August 30, 2002

                                RAYTHEON COMPANY
             (Exact name of registrant as specified in its charter)

        Delaware                     1-13699                   95-1778500
(State of Incorporation)      (Commission File Number)       (IRS Employer
                                                          Identification Number)

            141 Spring Street
        Lexington, Massachusetts                              02421
 (Address of principal executive offices                    (Zip Code)

       Registrant's telephone number, including area code: (781) 862-6600

Item 5.       Other Events.

              On August 30, 2002 the Registrant posted a document on its website
              regarding the progress of certain construction projects. A copy of
              which is  attached  hereto  as  Exhibit  99.1 and is  specifically
              incorporated herein by reference.

Item 7.       Financial Statements, Pro Forma Financial Information and Exhibits

              (c) The following exhibit is filed as part of this report:

              99.1 Website Posting


                  Pursuant to the  requirements  of Section 12 of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.

Dated: August 30, 2002

                                 RAYTHEON COMPANY

                                 By:  /s/ Neal E. Minahan
                                      Neal E. Minahan
                                      Senior Vice President and General Counsel

                                  EXHIBIT INDEX

Number             Description

99.1               Website Posting

                                                                    EXHIBIT 99.1

     Engineering and Construction Update 8/27/2002

Raytheon Stakeholders:

This represents our first periodic  update on our progress  against our cost and
calendar estimates on the remaining E&C projects.

Recognizing your heightened  level of interest since the July  announcement of a
significant  cost  adjustment on two of these  projects and your desire for more
frequent updates,  we will provide these updates  approximately every two weeks.
Please note that on August 14 we did file our 10-Q and issued a press release on
the Red Oak Project. We encourage you to review both of these documents.

Through  August,  our  latest  cost  projections  remain  in line  with the July
estimates  and we continue to focus on  productivity  issues.  For  example,  in
mid-August, pipe-fitters were added at Fore River to accelerate the installation
of large bore piping.  And at the Mystic Station we refocused manpower to ensure
that we would not fall behind  schedule on conduit and electrical  terminations.
The following summarizes our current status:

Mystic Block 8
We are on plan to start  performance  testing  the first  week of  November  and
complete this testing in late November.

Mystic Block 9
As planned,  we  achieved  back feed  (getting  power to the plant from the main
electricity  grid) on August 24. We also began  chemical  cleaning on August 22,
several days ahead of schedule. We are on track for first fire of Block 9 in mid
October with performance testing and customer acceptance by the end of December.

Fore River
On August 31, we will start the first  phase of  chemical  cleaning  at the Fore
River plant as scheduled.  The second phase is scheduled for  mid-September.  We
remain on track  for first  fire in  mid-October  and plan to begin  performance
testing in mid-December, achieving customer acceptance by the end of December.

Red Oak
As we announced on August 15, we reached  provisional  acceptance of the Red Oak
plant,  delivering  care and control of the  facility  to the owner,  only punch
list, warranty and close out issues remain.

We are fixing a steam control  valve,  but this should not prevent the scheduled
customer acceptance of the plant in September.

The Saltend,  Posven and Jindal projects have only  commercial  close out, punch
list and warranty issues remaining.

Frank Marchilena
Executive Vice President
Raytheon Company
Discontinued Operations

Forward-Looking Statements

Certain statements made in this update, including any statements relating to the
company's future plans, objectives,  and projected future financial performance,
contain or are based on,  forward-looking  statements  within the meaning of the
Private Securities Litigation Reform Act of 1995. Specifically,  statements that
are not  historical  facts,  including  statements  accompanied by words such as
"believe," "expect,"  "estimate," "intend," or "plan," variations of these words
and similar expressions, are intended to identify forward-looking statements and
convey the  uncertainty  of future  events or  outcomes.  The  company  cautions
readers that any such  forward-looking  statements are based on assumptions that
the company  believes are reasonable,  but are subject to a wide range of risks,
and actual results may differ  materially.  Given these  uncertainties,  readers
should not rely on forward-looking  statements.  Forward-looking statements also
represent the company's  estimates and assumptions only as of the date that they
were made.  Important factors that could cause actual results to differ include,
but  are  not  limited  to:   financial  and   governmental   risks  related  to
international   transactions;   economic   business  and  political   conditions
domestically and internationally; the performance of critical subcontractors and
suppliers;  the timing and  customer  acceptance  of product  deliveries;  risks
associated  with the  continuing  project  obligations  and retained  assets and
retained  liabilities  of Raytheon  Engineers & Constructors  (RE&C)  including,
risks  associated with the companies  dependence  upon third parties,  including
Washington Group International, Inc. ("WGI"), to perform construction management
and other  tasks which  require  industry  expertise  that the company no longer
possesses as a result of the company's sale of RE&C to WGI. Further  information
regarding the factors that could cause actual results to differ  materially from
projected  results can be found in the company's filings with the Securities and
Exchange  Commission,  including  "Item 1 - Business"  in the  company's  Annual
Report on Form 10-K for the year ended December 31, 2001.