Raytheon #News Release:

Germany's Jenoptik and Raytheon partner to produce new generators for global Patriot

Raytheon continues 30-year partnership with German industry

TEWKSBURY, Mass., April 24, 2015 /PRNewswire/ -- Raytheon Company (NYSE: RTN) is partnering with the Jenoptik subsidiary Lechmotoren, a part of the Jenoptik Defense & Civil Systems division, to produce advanced power generators for the Patriot Air and Missile Defense system. Under terms of this new contract, Jenoptik will build power plants, power generators, test equipment and spares for one of Patriot's global partners.  Raytheon and Jenoptik are also discussing opportunities to supply power generation equipment for two additional Patriot partner nations, including one from NATO.

"Raytheon looks forward to continuing its meaningful partnership with Jenoptik well into the future. This effort underscores our ongoing commitment to deepen existing, and develop new, partnerships with German industry," said Ralph Acaba, vice president of Integrated Air and Missile Defense at Raytheon's Integrated Defense Systems business. "The 13-nation global Patriot network offers Jenoptik and other industry partners access to an export market of established users worldwide – an opportunity unique to the Patriot system."

"This order is another milestone to us in the long-term partnership between Raytheon and Jenoptik", says Jenoptik President and CEO Michael Mertin. "We are convinced that we can continue to contribute to the Patriot success story with our innovative products. Jenoptik is currently developing a new hybrid power supply for the Patriot system, after proving the functionality of the power supply's prototype in March 2015."

Additionally, Raytheon continues its long standing partnership with German industry in preparation for the TLVS program (Tactical Air Defense System 2020). The company's offer for the TLVS program includes the implementation with German industry of a next generation Patriot solution, which incorporates:

• A new Common Command and Control system that offers open architecture and flexible role based capability, which preserves the combat-proven functionality of Patriot and builds on its inherent NATO and European interoperability;
• Introduction of a 360-degree multi-function radar using the latest advanced radar technology to provide unmatched performance, unprecedented operational readiness and the lowest maintenance cost, and;
• A robust missile mix including PAC-3 MSE and IRIS-T SL capability that, when combined with the existing and upgraded missile inventory (GEM & PAC-3 CRI), allows Germany to use the most effective missile based on the threat being intercepted.

Patriot is designed with modular components allowing the system to be continually upgraded and modernized. Today, Patriot is the only combat-proven air and missile defense system, protecting German, U.S. and allied forces around the world. Its 13-nation global community, including five NATO nations and future Patriot partners, offers benefits through system enhancement, training, maintenance, testing, logistics and shared costs.

About Jenoptik

As an integrated photonics group, Jenoptik divides its activities into five divisions: Lasers & Material Processing, Optical Systems, Industrial Metrology, Traffic Solutions and Defense & Civil Systems. Its customers around the world mainly include companies in the semiconductor equipment manufacturing industry, automotive and automotive supplier industries, medical technology, security and defense technology as well as the aviation industry. The Jenoptik Group headquarters are in Jena,Germany. In addition to several major sites in Germany, Jenoptik is represented in more than 80 countries worldwide. Jenoptik has more than 3,500 employees and generated revenue in 2014 of about 590 million euros.

About Raytheon

Raytheon Company, with 2014 sales of $23 billion and 61,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 93 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 cyber security and a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us atwww.raytheon.com and follow us on Twitter @raytheon.