Raytheon Awarded Contract with Potential Value of $70 Million for Iraq Infrastructure Services

FALLS CHURCH, Va., May 27, 2008 /PRNewswire/ — Raytheon Company (NYSE:
RTN) has been awarded a contract potentially worth $70 million to provide
infrastructure services for Operation Iraqi Freedom.

DRS Technical Services, Inc. awarded Raytheon the 2008 $36.2 million
contract, which includes a 2009 option year worth $33.4 million. Raytheon
is providing subcontracting services to DRS as part of the Rapid Response
contract from the Army’s Communications and Electronics Command.