News Release

Raytheon Company Declares Quarterly Cash Dividend and Announces New $2.0 Billion Share Repurchase Plan

WALTHAM, Mass., Sept. 22, 2011 /PRNewswire via COMTEX/ --

Raytheon Company (NYSE: RTN) announced today that its Board of Directors has declared a quarterly cash dividend of $0.43 cents per outstanding share of common stock. The cash dividend is payable on November 3, 2011 to shareholders of record as of the close of business on October 5, 2011.

The Board of Directors also authorized the repurchase of up to an additional $2.0 billion of the Company's outstanding common stock. Share repurchases may take place from time to time at the Company's discretion depending on market conditions.

Raytheon Company, with 2010 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 89 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.

www.raytheon.com

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SOURCE Raytheon Company