Raytheon Press Release

Raytheon Awarded $313.8 Million for Standard Missile-6 All-up Rounds

TUCSON, Ariz., May 16, 2012 /PRNewswire/ — The U.S. Navy awarded Raytheon Company (NYSE: RTN) a $313.8 million contract for low-rate initial production of Standard Missile-6 all-up rounds.

SM-6 leverages the legacy Standard Missile airframe and propulsion elements, while incorporating the advanced signal processing and guidance control capabilities of Raytheon’s Advanced Medium-Range Air-to-Air Missile.

Work will be performed in Tucson, Ariz.; Camden, Ark.; Andover, Mass.; Huntsville, Ala.; Dallas, Texas; Hanahan, S.C.; Anniston, Ala.; San Jose, Calif.; and Middletown, Ohio, and is expected to completed by March 2015.

Raytheon Press Release

Raytheon Completes First Flight Test of Improved SM-3

Demonstrates Phased Adaptive Approach phase two capability

PACIFIC MISSILE RANGE FACILITY, KAUAI, Hawaii, May 10, 2012 /PRNewswire/ – Raytheon Company (NYSE: RTN) completed the first successful flight test of the Standard Missile-3 Block IB, which is the cornerstone of phase two of the administration’s Phased Adaptive Approach (PAA). This is the 20th successful intercept for Raytheon’s SM-3 program.

“This next-generation variant of the SM-3 is critical to the ballistic missile defense of the U.S. and our allies, because it can defeat the more sophisticated threats emerging around the world today,” said Dr. Taylor Lawrence, Raytheon Missile Systems president.

During the test, the target was launched from the Pacific Missile Range Facility on the island of Kauai. As the target rose above the horizon, the USS Lake Erie’s SPY-1 radar acquired and began tracking the target. After target launch, the ship’s crew fired a SM-3 Block IB. During flight, the missile’s kinetic warhead acquired the target with its two-color infrared seeker and tracked it through intercept.