Raytheon Company (NYSE:RTN) - 500 Beiträge pro Seite

[Gatsby2]

Re: Micky Mouse

Dieser Thread ist nur fuer Dich!

Der Inhalt der nachstehenden Nachricht ist mir ehrlich gesagt sehr unklar. Warum sollen die verschiedenen Klassen jetzt zusammengelegt werden? Bereitet GM hier die Uebernahme vor, oder wollen sie nur die Mehrheit loswerden, nachdem sie Raytheon soo gruendlich abgemolken haben?

Thursday February 1, 8:13 pm Eastern Time

Press Release

SOURCE: Raytheon Company

Raytheon Announces Plan to Combine Its Class A and
Class B Shares Into a New, Single Class of Common Stock

LEXINGTON, Mass., Feb. 1 /PRNewswire/ -- Raytheon Company (NYSE: RTNA - news, RTNB - news) today announced that
it has received a ruling from the Internal Revenue Service that allows the company to eliminate its dual class capital structure.
Subject to shareholder approval, the company plans to convert each outstanding share of its Class A and Class B common stock
into one share of a new, single class of common stock.

The current dual class structure was established to allow the 1997 merger of Raytheon and the defense business of Hughes
Electronics Corporation to be tax free to General Motors Corp. and its shareholders. Consolidating the two classes of stock will
eliminate the trading disparities between the Class A and Class B shares and eliminate any confusion from having two publicly
traded classes of common stock. The company also believes that the consolidation should increase the overall liquidity of
Raytheon`s common stock.

Currently, Class A shareholders have 80.1 percent of the votes for the election or removal of directors and Class B shareholders
have the remaining 19.9 percent. On all other matters, Class A and Class B shareholders have equal voting rights and each class
votes separately.

The proposed consolidation has been approved by Raytheon`s board of directors and is subject to approval by a majority vote of
the outstanding Class A and Class B shares, with each class voting separately. The company intends to put this proposal before
shareholders at the company`s 2001 annual meeting to be held in late April. A complete description of the proposal will be included
in the company`s 2001 proxy statement and shareholders are encouraged to read the proxy statement before making any decision
with respect to the proposal.

With headquarters in Lexington, Mass., Raytheon Company is a global technology leader in defense, government and commercial
electronics, and business and special mission aircraft.

Note: Raytheon will file its proxy statement with the Securities and Exchange Commission. The company urges its shareholders to
read the proxy statement, which is expected to be distributed in late March, because it will contain important information regarding
the proposal. A free copy of the proxy statement (when it is available) and other documents filed by Raytheon with the
Commission (including documents incorporated by reference with the proxy statement) can be obtained at the Commission`s
website at www.sec.gov . Raytheon shareholders may also obtain a free copy of the proxy statement (when it is available) and
these other documents by directing requests to Raytheon Company, Attention: Shareholder Services.

Forward-looking statement

Certain statements made in this release constitute forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 regarding the company`s future plans, objectives, and expected performance. Specifically,
statements that are not historical facts, including statements accompanied by words such as ``believe,`` ``expect,`` ``estimate,``
``intend,`` or ``plan`` 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. Important factors that could cause
actual results to differ include, but are not limited to: risks associated with implementing the consolidation; risks that the
shareholders of the company may not approve and/or the company may not implement the consolidation; and risks associated with
the company`s inability to predict the effect of the proposal or its enactment on the prices of either its Class A shares or its Class
B shares or the new common stock to be issued.

SOURCE: Raytheon Company

[Gatsby2]

Saturday February 3 6:17 AM ET
Rumsfeld Defends U.S. Missile Defense

By Charles Aldinger

MUNICH (Reuters) - New Defense Secretary Donald Rumsfeld dismissed
support for the 1972 Anti-Ballistic Missile Treaty as ``Cold War thinking`` as he
defended the Bush administration`s national missile defense plan on Saturday.

Rumsfeld, in Germany for an annual meeting of European and international
defense leaders, said President George W. Bush (news - web sites)`s
controversial proposal to protect the United States and its allies from missiles
``just doesn`t threaten anyone.``

``That is really Cold War thinking in my view,`` he told reporters traveling with
him to Munich when asked about the importance and future of the 1972 ABM
treaty, which would forbid the U.S. national missile defense (NMD) scheme.

``The Soviet Union is gone. Russia is a different country. That period is over in
our life, why don`t we get over it?`` Rumsfeld said.

The secretary, the first senior official from the new U.S. administration to
carry the NMD argument to Europe, made the one-day trip to the annual
Munich Conference on Security Policy to hold get-acquainted talks with allied
defense ministers, address NMD concerns and discuss cross-Atlantic security.

The meeting could set an early tone for cross-Atlantic security ties for Bush.

Many European leaders say the ABM treaty, which Rumsfeld in December
called ``ancient history,`` is a bedrock of nuclear arms control and worry that
Washington will abandon it.

German Chancellor Gerhard Schroeder reiterated his strong reservations about
NMD to the conference, urging that Washington and its allies ``look for joint
answers to the existing and new threats to security`` within the current arms
control framework.

German Defense Minister Rudolf Scharping also stressed during a meeting
with Rumsfeld that missile defense had to be discussed in the context of the full
19-member NATO (news - web sites) alliance, according to a senior Pentagon
(news - web sites) official.

Russian Pressure

Rumsfeld said that Moscow, bitterly opposed to NMD and unwilling to change
the ABM treaty, is lobbying in Western Europe and around the world to kill the
U.S. scheme.

``They know, and we know, and you know that the (U.S.) systems that are
being discussed are not in any way relevant to the Russians with their hundreds
and thousands`` of nuclear missiles, he said.

``We are talking about systems that are able to deal with handfuls of things,``
Rumsfeld added, stressing that the limited defense would be designed to shoot
down only a few missiles launched by potential enemies such as North Korea
(news - web sites), Iran or Iraq.

Rumsfeld declined to say whether he felt the ABM treaty should be modified,
or scrapped. He said the Bush administration had no intention of ``moving
precipitously`` on NMD without close allied consultation and talks with
Moscow.

``There`s little doubt in my mind but that if you were seeking a system that was
the earliest to deploy, the most cost-effective, technically the best, you would
very likely come up with something other than if you sat down and tried to
design a system that would fit within a treaty that was written 25 years ago,``
he said.

``Notably Different``

Rumsfeld, also defense secretary from 1975 to 1977, said the ABM was
agreed ``when technology was notably different, when we were in a Cold War,
when the nature of the threats in the world were vastly different``

U.S. Senators Joseph Lieberman of Connecticut and John McCain of Arizona
told the conference that there was broad bipartisan agreement among
Americans favoring missile defense.

``This is not a technologically feasible program now,`` said Lieberman, a
Democrat who lost in the race for vice president to Republican Dick Cheney
(news - web sites). ``We have time, so let the debate begin.``

``Relax,`` he added. ``We are developing this for our own But it`s going to be
good for you, too.``

Rumsfeld told reporters that he was open-minded about the European Union
(news - web sites) forming its own rapid-reaction force to deal with conflicts or
peacekeeping in which NATO was not involved, but warned the force must not
threaten NATO`s power or status.

``I begin at the beginning -- and that is that NATO is the most successful
military alliance in history probably, that it is enormously important to the United
States and Western Europe and, I would add, to the world,`` he said.

``If I saw more dollars coming in in (European) budgets that would net increase
the strength of NATO nations, that would be encouraging. I haven`t seen that,
and I guess I`m more interested in addition than subtraction.``

[--er--]

Die A und B Aktien von Raytheon werden zu einer Aktienart zusammengeführt. Die Einführung von A und B Stammaktien wurde 1997 aufgrund von möglichen Steuerersparnissen für General Electric gewählt.

[Micky_Maus]

Hy Gatsby,

hab eben erst diesen Thread entdeckt, leider wieder z.g.T. auf englisch, da muß ich mich erst mal durcharbeiten.
Als ich am Freitag einen schnellen Blick auf den Raytheon-Kurs von Raytheon im Videotext (n-tv) warf, war ich zunächst hocherfreut (wieder +1$). Bei genauerem Hinsehen mußte ich aber feststellen, dass durch die erwähnte Zusammenlegung der Class A und B Shares lediglich das RTN.A- Papier logischerweise im Plus lag, während die B-Sares 1 Dollar abgaben. Diese Aktion kommt für mich natürlich zu einem denkbar ungünstigen Zeitpunkt, aber noch ist nichts verloren, was die 40$- Schallmauer betrifft.

Die Amerikaner wollen das Raketenabwehrprogramm, aber der Widerstand in Europa ist groß. Scharping will Rußland stärker in die NATO & EU einbinden, diese kleine Meldung wäre vor 10 Jahren noch der Hammer!

Gruß Micky

[--er--]

Werde in nächster Zeit auf die Pläne des "National Missile Defense Project" und die Ausgangssituation für Raytheon genauer eingehen.

[Gatsby2]

Micky,

was sollte ich tun? Eigentlich wollte ich einen Thread aufmachen, damit ich auch endlich mal ein bisschen an Raytheon `rumnoergeln kann aber das blieb mir beim ersten post gleich im Halse stecken.

Die Nachricht von der Zusammenlegung der beiden Aktienklassen fand ich ueberaus interessant. Wesentlicher Effekt ist m.E., dass die seinerzeit bei dem fatalen Verkauf von Hughes Defence an Raytheon geschaffene Stimmrechtsmehrheit fuer GM beseitigt wird. Bislang hatte GM mit ungefaehr 25% der Aktien 80% der Stimmrechte, weil Class A Mehrfachstimmrechte besass. Durch die Angleichung beider Klassen und die damit verbundene Aufwertung der von GM gehaltenen Anteile hat GM kurz mal etwa $430 Mio. eingesackt.

Wenn ich das richtig sehe, befindet sich die Stimmrechtsmehrheit jetzt bei den Streubesitzaktionaeren. Hmmm ... ich werde wohl zukuenftig mal ein Auge auf Raytheon halten.

Schoene Woche

[Gatsby2]

Lehman Brothers heben das Kursziel fuer Raytheon von $30 auf $ 40 an!

Re: Micky. -- Sie haben aber nicht gesagt, wann das passiert.

Monday February 5, 12:00 pm Eastern Time

RESEARCH ALERT - Lehman raises Raytheon target

NEW YORK (Reuters) - Lehman Bros. on Monday said it raised its target price on shares of defense contractor Raytheon Co.
(NYSE:RTNa - news) (NYSE:RTNb - news), noting the company`s potential in 2001.

Lehman analyst Joseph Campbell raised Raytheon`s price target to $40 per share from $30 per share.

The firm said Raytheon`s cash flow after capital expenditures exceeded net income in 2000 despite a cash drain from a divested division and restructuring. In 2001,
cash flow could increase ``meaningfully and, with it, Raytheon`s stock price,`` Lehman said in a research note.

``With $5 billion in sales with weak performance, and with a potential $700 million swing in cash flow, Raytheon`s potential is evident,`` Campbell said.

Raytheon`s Class B shares closed Friday at $35.50, near a year high of $36.68 and up from a low of $17.50. Class A shares closed at $35.30, near a year high of
$36.22 and above a year low of $18.5625.

[Micky_Maus]

@Gatsby

Lehman Brothers ist aber reichlich spät dran, typisch Analysten! 40$ Kursziel, das wäre dann ja nur ein "Halten" (im Klartext: "Verkaufen"). Rumsfeld sollte jetzt Nägel mit Köpfen machen, damit das Raketenabwehrprogramm in die Gänge kommt.
Woher holst du eigentlich deine Infos? Bei www.freerealtime.com kann ich keine News finden. Die miese Stimmung an der Nasdaq macht mir derzeit keine große Lust auf Aktien, mit RTN hätte ich gut schlafen können!

Gruß Micky

[Gatsby2]

Freerealtime.com find ich gut, aber ich nutze meist http://www.thomsonfn.com/.

Den allergroessten Anteil der Nachrichten hole ich mir schlicht von YAHOO Finance. Wenn ich Zeit und Lust zum recherchieren habe, nutze ich eine Sammlung von ungefaehr 40 bookmarks zum Thema aerospace/defence bzw. internationale Verteidigungsangelegenheiten. Allerdings ist nicht eine einzige deutschsprachige site dabei - darum das viele Englisch in meinen Threads.

Ich gebe natuerlich zu, dass meine threads nicht nur dem Interesse an den Aktien als solchen entspringen (auch wenn sie in den letzten Monaten wirklich profitabel waren), sondern auch besonderem Interesse an der Technik und den Ruestungs- und aussenpolitischen Implikationen der Sache. Je laenger ich mich mit dieser Industrie beschaeftige, desto mehr wird mir klar, dass die Aussen- und Buendnispolitik der USA ohne den militaerisch-industriellen Komplex teilweise unverstaendlich bleiben muss. Bestes Beispiel: Lynne Cheney, gerade aus dem board von Lockheed ausgeschieden (aber bei American Express geblieben), deren treusorgender Ehegatte Dick Cheney jetzt ...! ... und der neue Transportminister der USA ist uebrigens auch ehemaliges Vorstandsmitglied von Lockheed. -- Ganz aehnlich bei Raytheon: als external director sitzt bei denen die schillernde Figur des John Deutch im board, der zufaelligerweise frueher Chef der CIA war, und heute neben vielen anderen Poestchen eine Professur am MIT hat.

Honi soit qui mal y pense ...

[Gatsby2]

Oh Micky, das wird Dich nicht freuen. Raytheon setzt Gewinnaussichten fuer 2002 herab; vulgo: eine Gewinnwarnung!



Wednesday, February 07, 2001

BOSTON (Reuters) - Raytheon Co., the No. 3 U.S. defense
contractor, said on Wednesday its 2002 earnings could fall as
much as 12 percent below current Wall Street estimates,
prompting a sell-off of the company`s stock.

Lexington, Mass.-based Raytheon, maker of the Patriot missile,
said it expects to earn $1.70 to $1.85 a share next year.
Raytheon executives gave their first financial forecast for 2002
during a Web broadcast.

About half of the 13 analysts who follow Raytheon had expected
earnings of $1.94 per share in 2002, according to research firm
First Call/Thomson Financial.

Raytheon Chief Executive Daniel Burnham affirmed the
missile-maker`s guidance in December for 2001 earnings of $1.55
to $1.70 per share.

Raytheon`s class A stock fell $1.72, or about 4.9 percent, to
$33.44 on the New York Stock Exchange at midday. Its class B
stock slid $1.79, or more than 5 percent, to $33.60, also on the
NYSE.

Both Burnham and Chief Financial Officer Frank Caine said they
intended to lightened Raytheon`s debt load to $8.7 billion during
2001 from $9.1 billion at year-end 2000. The executives estimated
that by 2002 the debt load, which the company took on by
acquiring Texas Instruments and Hughes Electronics several years
ago, should be down to between $8.0-$8.2 billion.

The goal is to reduce Raytheon`s debt ratio to less than 40
percent, they said.

Raytheon said it will continue to divest itself of non-core
businesses, after selling off its Engineering and Construction unit
to Morrison Knudsen and its flight simulation and training business
to L-3 Communications. It also sold $800 million of aircraft loans
and leases to debis Capital Services, a unit of DaimlerChrysler, in
the past year. It expects to book about $250 million from those
sales during 2001.

One of its "imperatives," Raytheon said, is to get final U.S. Federal
Aviation and Administration certification for its Premier I business
jet by the end of the second quarter of 2001. The plane is more
than a year behind schedule.

Raytheon said it is also working through old defense contracts
that are losing money or just breaking even. It still has $676 million
worth of these contracts, down from $815 million in 2000.


Copyright ©2001 Reuters Limited.

[Gatsby2]

Gut fuer RAC, deren Profite durch die verzoegerte Genehmigung fuer den neuen Businessjet buchstaeblich den Bach heruntergegangen sind.

Friday February 9, 6:00 pm Eastern Time

Press Release

SOURCE: Raytheon Aircraft

Air New Zealand to Buy Fleet of 16 Beech 1900D Airliners

WICHITA, Kan., Feb. 9 /PRNewswire/ -- New Zealand`s flag carrier, Air New Zealand, has entered into a letter of intent with
Raytheon Aircraft for 16 new Beech 1900D Airliners for its 100 percent owned regional carrier, Eagle Airways. The company
expects aircraft deliveries to begin in mid-year 2001, and continue at the rate of one per month.

``Raytheon Aircraft is delighted to accept an important and significant fleet transaction from this new customer,`` said Hansel
Tookes, chairman and CEO of Raytheon Aircraft. ``It reflects confidence in our 1900D, and we appreciate the new business from
a major international air carrier.`` Air New Zealand`s interest demonstrates continuing strong commitment to the New Zealand
regional market. The new 1900Ds will operate throughout New Zealand.

Air New Zealand CEO Gary Toomey said, ``I am pleased that Eagle Airways will be able to offer customers a new standard of
comfort on our 19 seater regional services. This reinforces our partnership in the Star Alliance to offer the best product for the
mission.`` Other Star Alliance partners served by the 1900D include United Airlines and Air Canada.

Raytheon Aircraft Company, a subsidiary of Raytheon Company, offers a total air transportation solution. With headquarters in
Lexington, Mass., Raytheon Company (NYSE: RTNA - news, RTNB - news) is a global technology leader in defense,
government and commercial electronics, and business and special mission aircraft.

Contact:
Jim Gregory
[phone]
www.raytheonaircraft.com

[Gatsby2]

Hey Micky, vielleicht gewinnst Du die kleine Wetter doch noch.

Raytheon vollzieht gerade einige extrem coole Finanzmanoever, die fuer mich allesamt auf die Vorbereitung eines merger hindeuten. Letzte Woche (oder so) haben sie die Zusammenlegung der beiden Aktienklassen und damit den Fortfall der hinderlichen Mehrstimmrechte von GM angekuendigt. Und jetzt machen sie noch einen kleinen squeeze-out von Kleinaktionaeren. So sparen sie nicht nur die in den Vordergrund gestellten Kosten fuer investor relations, sondern sie entledigen sich zugleich potentieller Anfechtungsklaeger gegen einen Verschmelzungsbeschluss.

Aus rein professioneller Sicht halte ich das fuer einige der coolsten Aktionen, die ich je gesehen habe.



Thursday February 15, 4:21 pm Eastern Time

Raytheon to Cash Out Some Shareholders

LEXINGTON, Mass. (Reuters) - Defense systems maker Raytheon Co. (NYSE:RTNa - news; NYSE:RTNb - news) said on
Thursday it plans to cash out holders of fewer than 20 of its shares, a move that would ``significantly`` cut its costs for mailing and
record keeping.

Raytheon, the No. 3 U.S. arms maker, said the move would occur just prior to the proposed elimination of the company`s dual-class stock structure.

The cash-out would be accomplished by a so-called reverse-forward stock split. In the first step, each share of Class A or Class B common stock would become
1/20th of a share of the same class. Shareholders with fewer than 20 shares before the reverse split would be left with less than a whole share of that class.

Their fractional share would be cashed out at no cost to the shareholder. Raytheon would then effect a 20-for-1 stock split, restoring shareholders with 20 or more
shares of either class to their original position.

Both classes of shareholders will vote on the proposal at the 2001 annual meeting, which will be held April 25.

[Micky_Maus]

Hy Gatsby,

hab`s gestern auch gelesen bei www.freerealtime.com. Das Ganze ist aber schwer verständlich (sprachlich), soweit ich es kapiert habe, will RTN die Aktionäre mit <20 Anteilen abfinden. Ich glaube nicht, dass die Aktion Raytheon auf Trab bringt und habe mich schon innerlich auf die Rechnung für Dein Essen eingestellt. Werde noch einige Krispy Krem Dougnats drauflegen.

[Gatsby2]

Ah, wie ich sehe hast Du auch ein bisschen Zeit um dieses herrliche Wetter zu geniessen. Echt goil, ey!

Das Vorhaben von Raytheon sieht so aus: zur Zusammenlegung der beiden Aktienklassen werden die Aktien beider Klassen erst im Verhaeltnis 20:1 zusammengelegt, und jeder der weniger als 20 Stueck hat, kriegt cash und fliegt raus. Auch alle anderen Spitzen duerften so bereinigt werden.

Nachdem das geschehen ist werden die beiden Klassen vereinigt, und anschliessend im Verhaeltnis 1:20 wieder gesplittet.

So, und jetzt werde ich der T-Offline die Kuendigung schicken. Die Abschaffung der flatrate, mit der sie mich vor noch nicht mal 4 Wochen zur Unterschrift verleitet haben ist naemlich eine echte Sauerei!

NIE WIEDER T-OFFLINE

[Micky_Maus]

Na gut, Gatsby, warten wir`s ab. Lecke derzeit meine Wunden (ich sage nur: Nortel ). Habe heute ein kleines Intraday-Geschäft damit abgewickelt und konnte mein Einstandskurs ein wenig senken.
Übrigens, bei Mobilcom (Freenet) gibt`s einen Tarif für 1,9Pf/min, den ich auch nutze.

Good Luck
Micky

[Gatsby2]

Dan Burnham ist schon echt `ne harte Nummer. Da hat er doch den Jungs von Morrison Knudsen (NYSE:MK), jetzt Washington Group, in Form von RE&C ein richtig faules Ei untergeschoben. Im Endeffekt wohl unvermeidlich, denn bei der Finanzlage Raytheon`s waeren sie ansonsten selber hops gegangen. Trotzdem wird diese Sache auch jetzt nicht spurlos an Raytheon voruebergehen.

Micky, vielleicht gewinnst Du doch noch. RTN wird langsam zum gaaaanz heissen Uebernahmekandidaten.

Friday March 2, 1:36 pm Eastern Time

Washington Group blames liquidity problems on Raytheon

By Tim McLaughlin

BOSTON, March 2 (Reuters) - Washington Group International Inc. (NYSE:WNG - news), the U.S. construction firm that built
the Hoover Dam, on Friday blamed a troubled unit it bought from Raytheon Co. for bank defaults and a liquidity crisis, triggering a
stock sell-off that erased as much as 82 percent from its value.

The Washington Group, formerly known as Morrison Knudsen, is considering bankruptcy reorganization ``as one alternative among many,`` Brent Brandon, the
company`s vice president of investor relations, told Reuters.

Washington Group hired a team of forensic accountants that determined Raytheon owes the fourth largest U.S. construction and engineering company more than
$400 million as part of an unresolved purchase price adjustment from last year`s deal, Brandon said.

The Boise, Idaho-based company`s class A shares lost $6.31, or 78.9 percent, at $1.69 in early-afternoon trade on the New York Stock Exchange. Their 52-week
range previously had been $6.25 to $12.30. Raytheon`s class A shares fell 69 cents to $30.15, also on the NYSE.

Washington Group said it faces severe near-term liquidity problems due to a delay in resolving the purchase price adjustments with the No. 3 U.S. defense
contractor.

``The purchase price adjustment should have been determined by now,`` Washington Group Chairman Dennis Washington said in a statement. ``And if it had, we
simply wouldn`t be in this position.``

He said Raytheon`s construction business had serious undisclosed problems and was in trouble before the acquisition. If not for 15 construction contracts acquired
from Raytheon, Washington Group`s business would be strong, the chairman said.

Lexington, Mass.-based Raytheon (NYSE:RTNa - news) (NYSE:RTNb - news), maker of the Patriot missile, last year unloaded the troubled construction business,
which had 1999 sales of $2.7 billion, for $53 million in cash and assumed liabilities then estimated at $450 million.

In financial reports, Raytheon said the Cambridge, Mass.-based business had significant cost overruns in 1998 and 1999.

Washington Group said it has defaulted under certain covenants in its senior credit facilities with its banks.

Brandon said the company is currently meeting with bankers and bonding companies to come up with a solution. The company also is considering cash conservation
measures and the disposal of non-core assets, he said.

``We prefer to do all of this outside bankruptcy court,`` Brandon said.

Raytheon said it has not given Washington Group an audited balance sheet of its former construction unit because the Boise firm has failed to provide necessary
accounting information.

``Raytheon does not believe that a material adjustment to the purchase price received from the sale of the (engineering and construction business) will be required,``
the company said in a statement.

During what it describes as an extensive 10-month long due diligence period, Raytheon provided Washington Group full access to all projects acquired, including
access to project financial details.

Raytheon assumed the financial liability on four ``high-risk`` projects, including the construction of a dam and power plant in the Philippines.

Raytheon said three of those projects are either complete or near completion, and the fourth involves only limited engineering and technical support services.

``It may be that (Washington Group) bit off more than it could chew, but we certainly aren`t responsible for any failure by (Washington Group) to manage projects
properly after closing,`` Thomas Hyde, Raytheon`s general counsel, said in a statement.

[Gatsby2]

Thursday March 8, 10:57 am Eastern Time

Press Release

SOURCE: Raytheon Company

Raytheon Launches eCenter Technologies(TM) Business Operation; Opens Internet Data Center

AURORA, Colo., March 8 /PRNewswire/ -- Raytheon Company (NYSE: RTNA - news, RTNB - news), a leading supplier to the aerospace and defense industry,
announced that it has launched eCenter Technologies(TM), a new business operation specializing in commercial Internet information technology and high security
data services. The center will supply highly available and secure data services from its Denver facility.

Raytheon`s eCenter Technologies(TM) (www.ecentertech.com) offers clients comprehensive technology support including managed services, hosting, application
support and development. The service enables companies to focus on core business activities while relying on Raytheon to provide the infrastructure and services
necessary to support hosting, application and security needs. Examples of the company`s offerings include storage services, disaster recovery, enterprise and custom
security consulting, network consulting and digital content delivery systems.

``Raytheon`s eCenter Technologies(TM) is uniquely qualified to deliver highly-secure, highly available and customized managed care data services to meet the needs
of companies concerned with the physical features and stability of their managed services provider (MSP),`` said Ray Kolibaba, vice president of Raytheon`s Denver
operations. ``With more than 25 years of worldwide data center operations experience, as well as a state-of-the-art secure facility, eCenter Technologies(TM) has
the tools and a proven track record of exceeding customer requirements in delivering secure information services.``

With headquarters in Lexington, Mass., Raytheon Company is a global technology leader in defense, government and commercial electronics, and business and
special mission aircraft.

Editors` notes:

Traditionally known as an aerospace and defense electronics provider, Raytheon provides large-scale data processing systems, complex data-delivery software and
networks for commercial and government customers at its Aurora, Colo., facilities.

eCenter Technologies(TM) is a trademark of Raytheon Company. Other trademarks are the property of their respective owners.

Contact:
Sarah Hoyt
303.344.6608

SOURCE: Raytheon Company

[Gatsby2]

Finstere Zeiten fuer Raytheon. Washington beziffert die von Raytheon verschwiegenen Verbindlichkeiten von RE&C auf rd. $ 700 Mio. und hat die Arbeiten auf zwei Kraftwerksbaustellen in Massachussetts voellig eingestellt. Raytheon scheint sich darauf vorzubereiten, die Projekte nun doch selber zuende zu fuehren.

Man darf gespannt sein, welche Auswirkungen das fuer den Aktienkurs von Raytheon hat, aber persoenlich wuerde ich die Aktie bei einem Kurs > $20 nicht einmal in Erwaegung ziehen.

Raytheon grabs hard hats: Firm to finish power plants
by Tom Kirchofer, Boston Herald

Saturday, March 10, 2001

Raytheon Co. executives got ready to dive back into construction yesterday as they
blasted the company that bought their Engineers and Constructors business in a
$500 million deal that could be coming apart.

Raytheon is obligated to complete work on sold-off projects, including two major
power plants in Massachusetts, if the buyer, Washington Group International Inc.,
can`t do the job. Washington Group on Thursday sued Raytheon for fraud over the
deal, and has claimed Raytheon hid more than $700 million in liabilities on
unfinished projects.

Raytheon executives yesterday lashed out at Washington Group for ``whining``
about troubles it encountered following its purchase of Raytheon Engineers &
Constructors. General counsel Thomas Hyde said the Washington Group lawsuit was
filled with ``gibberish.``

But in a Feb. 27 letter to Raytheon`s board of directors - a copy of which was
obtained yesterday by the Herald - Washington Group`s Chief Executive Dennis R.
Washington said he bought a business ``represented to be producing over $110
million in annual earnings.``

Washington Group has said cost overruns on the projects it bought could force it
into bankruptcy.

``Raytheon presented historical data, financial statements, and projections that
portrayed a healthy company and strong earnings going forward,`` he wrote.

Washington Group bought the Raytheon unit last year for $53 million in cash and
what it thought were liabilities totaling $450 million. But the Boise, Idaho, company
says that after closing the deal it discovered financial problems that could drive it
into bankruptcy.

Washington Group then filed a lawsuit against Raytheon accusing the Lexington
defense contractor of fraud.

Late Thursday, Washington Group stopped working on a pair of power plant
construction projects in Everett and Weymouth, idling 1,400 workers.

Washington Group said it would have lost $380 million by completing those two
plants alone.

Yesterday, Raytheon executives said they were preparing to re-involve themselves
in the construction business.

Meanwhile, major bond rating agencies took a dim view of the turn of events,
warning investors that Raytheon`s $9.9 billion in outstanding debts could be
downgraded.

Raytheon says Washington Group spent eight months studying the business, and
should have known what it was getting into, and Chief Executive Daniel P.
Burnham, noted that it was common knowledge that the business had problems.

[Gatsby2]

Burnham zum Stand der Dinge ...

Raytheon CEO Predicts Victory In Washington Group Suit

Dow Jones Online News, Friday, March 09, 2001 at 11:2



NEW YORK -(Dow Jones)- The head of Raytheon Co. (RTNA, RTNB), the third-largest
U.S. defense contractor, Friday defended the company`s sale of one unit to troubled
Washington Group International Inc. (WNG) and predicted it will prevail in a lawsuit
brought against it by the engineering company.

Washington Group, formerly operated as Morrison Knudsen Corp., is seeking to cancel the
purchase of Raytheon Engineers & Constructors and to collect unspecified damages for
breach of contract.

Washington Group bought the unit in July for $53 million in cash and $450 million in
assumed liability - a purchase that the company says may force it to seek bankruptcy
protection.

The Boise, Idaho, contractor said Thursday that Raytheon deliberately withheld some
material information regarding the unit during negotiations of the acquisition.

But "their ploy yesterday is a litigation strategy that is without merit and doomed to fail,"
said Daniel Burnham, Raytheon`s chairman and chief executive, in a conference call with
analysts Friday.

"We will defend ourselves vigorously, and we are confident we will ultimately prevail," the
executive said.

Burnham said Raytheon was developing a plan with Washington Group to secure
short-term funding and was prepared to work with its creditors until Washington filed the
lawsuit without any advanced notice.

"The lawsuit is contrary to the dispute resolution procedure agreed to by Washington Group
in our purchase and sale agreement, which calls for binding arbitration of disputes," he said.

What`s more, "the financial condition of Raytheon Engineers & Constructors was never a
secret" and "was well recognized by Washington Group," the executive said.

"The condition of (the unit) was clearly reflected in the purchase price" and Washington
Group was "confident they were going to be the ones to fix the business," he said.

Raytheon repeated during the conference call that it may have to incur additional costs of
up to $450 million over several years if Washington Group files for Chapter 11 and fails to
complete any of the 12 projects it guaranteed.

Raytheon is expected to earn $1.65 a share in 2001 and $1.87 a share in 2002, according to
a survey of analysts compiled by First Call/Thomson Financial.

The class B Raytheon stock, which is more actively traded than the class A stock, recently
traded down 26 cents, or 0.9%, at $28.75 on volume of 287,700 shares, compared with the
average daily turnover of about 1.1 million.

Shares of Washington Group were up 45 cents, or 21%, at $2.65 on volume of 764,800,
above the average daily turnover of about 457,000.

-By Sonoko Setaishi, Dow Jones Newswires; 201-938-4148;
[e-mail]

[Gatsby2]

Noch mehr Aerger fuer Raytheon: Erst der Zoff mit Washington International, dann protestierte Raytheon gegen die Auftragsvergabe des Luftueberwachungssystems, und jetzt auch noch die Retourkutsche von Lockheed. LMT versucht einen bereits an Raytheon vergebenen Auftrag kurzerhand zu unterbieten:



http://www.washingtonpost.com/wp-dyn/articles/A59523-2001Mar…

[Gatsby2]

Tja, jetzt gibt es nochmehr Probleme fuer Raytheon. Nachdem vor etwa einem Jahr der Vorwurf unzulaessiger Aktivierung noch nicht getaetigter Einnahmen geruegt wurde, steht nunmehr eine neue Untersuchung durch die S.E.C. ins Haus. Der Vorwurf diesmal: unrechtmaessige Bevorzugung von Analysten bezueglich der Bekanntgabe reduzierter Gewinnerwartungen. Falls ich diese Aktie noch im Depot haette, wuerde ich mir gut ueberlegen, ob sie dort noch laenger bleiben sollte.

Quelle: Bloomberg http://quote.bloomberg.com/fgcgi.cgi?ptitle=Top%20Financial%…

03/14 11:11
Raytheon Probed by SEC on Disclosures, People Say
(Update3)
By Jonathan Berr

Lexington, Massachusetts, March 14 (Bloomberg) -- Raytheon Co. is being
investigated by the Securities and Exchange Commission for possible violation of
disclosure rules after the defense contractor privately briefed analysts on its
first-quarter outlook, said people familiar with the probe.

The SEC has contacted securities firms of analysts who in the past month
discussed the company`s profit forecast with Chief Financial Officer Franklyn
Caine in telephone calls, the people said. Caine said in an interview last week
that he and other Raytheon officials provided information on the company`s
business that wasn`t publicly disclosed.

The investigation is one of the first of a possible violation of Regulation FD, for fair
disclosure, a rule enacted in October that requires companies to provide access
to possible market- moving information to all investors. Companies often had
private discussions with analysts before the SEC passed the rule.

``This strikes me as a fairly assertive step by the commission,`` said Donald
Langevoort, a law professor at Georgetown University in Washington. ``It`s an
indication of how seriously they are taking this.``

The SEC hasn`t taken enforcement action against any company for violating
Regulation FD.

Raytheon spokesman David Polk said, ``I don`t have any comment.`` The
third-largest U.S. defense contractor last week said the information it disclosed
to analysts didn`t violate SEC rules.

After the telephone discussions with Caine in late February and early March,
analysts started cutting first-quarter profit estimates for the company. The
average estimate fell to 27 cents from 33 cents a share a month earlier,
according to First Call/Thomson Financial forecasts. Raytheon didn`t publish a
press release on its outlook.

Stock Drop

The stock had dropped 12 percent since Feb. 7, when Chief Executive Daniel
Burnham first spoke about the company`s business at an investment conference.
Raytheon`s widely traded Class ``B`` shares fell 94 cents to $28.81 in late
morning trading.

Christopher Mecray, an analyst at Deutsche Banc Alex Brown, said last week
that in discussions with Raytheon officials during the past month, `` they talked
me down from my earlier assumptions`` on profit. Mecray declined yesterday to
comment.

Analysts at Morgan Stanley Dean Witter & Co., H&R Block Financial Advisors,
SG Cowen Securities, Prudential Securities Inc. and First Union Securities said
they were among those who had private discussions with Raytheon executives in
the past month.

First Union spokeswoman Sandy Deem declined to comment on whether the
company had been contacted on the investigation. Morgan Stanley Dean Witter
spokeswoman Judy Hitchen said, ``We don`t comment on legal issues.``

A spokesman for Prudential declined to comment, as did a spokeswoman for
Deutsche Banc. Officials from H&R Block couldn`t immediately be reached.

Acting Chairman

Laura Unger, acting chairman of the SEC, was the only commissioner who voted
against Regulation FD. She said in August that the measure could cause
companies to ``say nothing at all`` or release ``every piece of information`` that
might be considered news. Unger later pledged to scrutinize in advance any
efforts by the SEC staff to file cases under the rule.

SEC spokesman John Heine declined to comment on Raytheon.

Raytheon`s Burnham discussed cash-flow estimates and earnings expectations
for the year during two presentations last month that were open to the public. He
didn`t give an outlook for the first quarter, traditionally the company`s weakest, in
the speeches.

``We contacted (the analysts). There were probably some calls to us too,`` Caine
said last week. ``Quite frankly, it surprised me that (the first quarter) didn`t come
up in the Q&A (at the speeches),`` Caine said.

The Lexington, Massachusetts-based company didn`t have time to provide the
additional information during the presentations, Caine said last week.

Raytheon profit more than doubled in the fourth quarter. The company is selling
assets to cut costs and reduce debt after earnings were hurt by project delays
and higher costs. The company`s shares have risen 61 percent in the past year." target="_blank" rel="nofollow ugc noopener">http://quote.bloomberg.com/fgcgi.cgi?ptitle=Top%20Financial%…

03/14 11:11
Raytheon Probed by SEC on Disclosures, People Say
(Update3)
By Jonathan Berr

Lexington, Massachusetts, March 14 (Bloomberg) -- Raytheon Co. is being
investigated by the Securities and Exchange Commission for possible violation of
disclosure rules after the defense contractor privately briefed analysts on its
first-quarter outlook, said people familiar with the probe.

The SEC has contacted securities firms of analysts who in the past month
discussed the company`s profit forecast with Chief Financial Officer Franklyn
Caine in telephone calls, the people said. Caine said in an interview last week
that he and other Raytheon officials provided information on the company`s
business that wasn`t publicly disclosed.

The investigation is one of the first of a possible violation of Regulation FD, for fair
disclosure, a rule enacted in October that requires companies to provide access
to possible market- moving information to all investors. Companies often had
private discussions with analysts before the SEC passed the rule.

``This strikes me as a fairly assertive step by the commission,`` said Donald
Langevoort, a law professor at Georgetown University in Washington. ``It`s an
indication of how seriously they are taking this.``

The SEC hasn`t taken enforcement action against any company for violating
Regulation FD.

Raytheon spokesman David Polk said, ``I don`t have any comment.`` The
third-largest U.S. defense contractor last week said the information it disclosed
to analysts didn`t violate SEC rules.

After the telephone discussions with Caine in late February and early March,
analysts started cutting first-quarter profit estimates for the company. The
average estimate fell to 27 cents from 33 cents a share a month earlier,
according to First Call/Thomson Financial forecasts. Raytheon didn`t publish a
press release on its outlook.

Stock Drop

The stock had dropped 12 percent since Feb. 7, when Chief Executive Daniel
Burnham first spoke about the company`s business at an investment conference.
Raytheon`s widely traded Class ``B`` shares fell 94 cents to $28.81 in late
morning trading.

Christopher Mecray, an analyst at Deutsche Banc Alex Brown, said last week
that in discussions with Raytheon officials during the past month, `` they talked
me down from my earlier assumptions`` on profit. Mecray declined yesterday to
comment.

Analysts at Morgan Stanley Dean Witter & Co., H&R Block Financial Advisors,
SG Cowen Securities, Prudential Securities Inc. and First Union Securities said
they were among those who had private discussions with Raytheon executives in
the past month.

First Union spokeswoman Sandy Deem declined to comment on whether the
company had been contacted on the investigation. Morgan Stanley Dean Witter
spokeswoman Judy Hitchen said, ``We don`t comment on legal issues.``

A spokesman for Prudential declined to comment, as did a spokeswoman for
Deutsche Banc. Officials from H&R Block couldn`t immediately be reached.

Acting Chairman

Laura Unger, acting chairman of the SEC, was the only commissioner who voted
against Regulation FD. She said in August that the measure could cause
companies to ``say nothing at all`` or release ``every piece of information`` that
might be considered news. Unger later pledged to scrutinize in advance any
efforts by the SEC staff to file cases under the rule.

SEC spokesman John Heine declined to comment on Raytheon.

Raytheon`s Burnham discussed cash-flow estimates and earnings expectations
for the year during two presentations last month that were open to the public. He
didn`t give an outlook for the first quarter, traditionally the company`s weakest, in
the speeches.

``We contacted (the analysts). There were probably some calls to us too,`` Caine
said last week. ``Quite frankly, it surprised me that (the first quarter) didn`t come
up in the Q&A (at the speeches),`` Caine said.

The Lexington, Massachusetts-based company didn`t have time to provide the
additional information during the presentations, Caine said last week.

Raytheon profit more than doubled in the fourth quarter. The company is selling
assets to cut costs and reduce debt after earnings were hurt by project delays
and higher costs. The company`s shares have risen 61 percent in the past year.[/b]

[Gatsby2]

Sorry, da war ich mit dem Link ein bisschen hastig:

http://quote.bloomberg.com/fgcgi.cgi?ptitle=Top%20Financial%…

... und soviel noch zu Raytheon:

[Gatsby2]

Micky, das hier interessiert Dich doch bestimmt:

REPORT SAYS AIR-TO-AIR MISSILE MARKET WORTH BILLIONS: The
market for air-to-air missiles of all ranges is expected to total $13.6 billion through 2010
with a U.S. firm leading the top five manufacturers, although European defense companies
are providing sharp competition, according to a new report. Raytheon Co. is expected to
capture $4 billion of this missile market with its AIM-9X Sidewinder and AIM-120
Advanced Medium Range Air-to-Air Missile (AMRAAM) systems, said Larry Dickerson,
author of the report. Dickerson is the missile analyst for Forecast International Inc., which
released the report to clients earlier this month. While Raytheon may have a commanding
position, Dickerson said, "Throw in Europe’s other missile manufacturers, like BGT and
Vympel, and the continent’s share of this market just about equals that of Raytheon."
Matra BAe Dynamics, London, will hold the No. 2 spot with 19.7 percent of the air-to-air
missile market valued at $2.7 billion. Moscow-based Vympel, with its R-73 and R-77
missiles, is expected to capture 11 percent of the market at $1.5 billion. The Rafael
Armament Development Authority, Haifa, Israel, with its Python is expected to have 7.3
percent of the market at $993 million. Rounding out the top five is Bodenseewerk
Geratetechnick (BGT) GmbH, Nuremburg, Germany, which Dickerson said will garner 5.1
percent of the market at $694 million in sales. "If current plans to bring together most of
Europe’s missile manufacturers under the EADS roof proves successful, Raytheon will
have to fight even harder to hold to its leading position within this market," said Dickerson.
Nevertheless, the missile analyst said Raytheon has a market-winning weapon in its
product line with its AIM-120 missile. "The Advanced Medium Range Air-to-Air Missile is
a highly sought-after missile and the standard by which all other medium range air-to-air
missiles are measured," said Dickerson. He said future sales of U.S. aircraft likely would
depend on the release of the AMRAAM system. "Countries interested in U.S. fighter
aircraft have repeatedly said that without the AMRAAM, they were not interested," he
said. (DefenseNews.com)

[Gatsby2]

Das wurde auch Zeit: Die FAA hat Raytheon ueber ein Jahr schmoren lassen.

Monday March 26, 7:01 am Eastern Time

Press Release

SOURCE: Raytheon Company

Raytheon Premier I Business Jet Certified by FAA

WICHITA, Kan., March 26 /PRNewswire/ -- Raytheon Aircraft was awarded Federal Aviation Administration (FAA)
certification on Friday, March 23 for its new Premier I six-passenger, entry-level business jet.

The company has more than 300 of the Premier I business jets in its order book and is preparing for a delivery rate of up to 60 per
year. Raytheon Aircraft expects to deliver up to 36 of the new jets this year, with initial deliveries beginning in the second quarter.

``The certification of the Premier I marks a new era in business jet technology and customer value,`` said Hansel Tookes, Raytheon
Aircraft`s chairman and CEO. ``The Premier I is a revolutionary aircraft that defines the future of business aviation. It is the most
advanced entry-level business jet in the world.``

The $5.3 million Premier I, Raytheon Aircraft`s first all-new business jet from original design, is the first in a series of
new-technology business jets being introduced by the company. This new family of business jets features Raytheon`s signature
all-composite fuselage and a swept aluminum wing design. These advances in aircraft design and construction provide the Premier I
with the fastest cruise speed and largest passenger cabin in its class, similar to a more expensive light jet, but at an entry-level price.
The Premier I is the first composite-fuselage business jet to be FAA certified.

The Premier I has a high-speed cruise of more than 520 miles per hour. A standard-equipped aircraft with full fuel, a pilot and four
passengers has a range of more than 1,650 miles and is certified to operate up to 41,000 feet. Last year Raytheon Aircraft was
awarded the National Society of Professional Engineers` (NSPE) 2000 New Product Award in the mega size company category
for its development of the Premier I. NSPE`s New Product Awards recognize the benefits that come from the research and
engineering of new products, such as added employment, economic development, strengthening of the nation`s competitive position
internationally, and contribution to the public`s standard of living.

Following the Premier I, Raytheon Aircraft has two more business jets in development using composite-fuselage technology and
swept metal wing design, the super mid-size Hawker Horizon and light mid-size Hawker 450.

Raytheon Aircraft designs, manufactures, markets and supports jet, turboprop and piston-powered aircraft for the world`s
commercial, military and regional airline markets. It had revenues of $3.2 billion in 2000. Raytheon Aircraft is a subsidiary of
Raytheon Company.

With headquarters in Lexington, Mass., Raytheon Company (NYSE: RTNA - news, RTNB - news) is a global technology leader
in defense, government and commercial electronics, and business and special mission aircraft.

Contact:
Kevin O`Hara
Raytheon Aircraft
[phone]
www.raytheonaircraft.com
David Polk
Raytheon Company
[phone]

SOURCE: Raytheon Company

[Gatsby2]

Und wieder ein downgrade fuer Raytheon. Mit ein bisschen Glueck kriegen wir hier bald gute Kaufkurse.



Moody`s downgrades Raytheon

Ratings downgraded are: Raytheon Company`s senior debt rating to Baa3 from Baa2; the rating on its
bank facilities to Baa3 from Baa2; the ratings on its shelf registration: (P)Baa3 from (P)Baa2 for senior
debt, to (P)Ba2 from (P)Baa3 for subordinated debt; and to (P)`` ba2`` from (P) ``baa3`` for preferred
stock; and its short-term debt rating to Prime-3 from Prime-2.

After acquiring the defense businesses of Hughes and Texas Instruments, Raytheon experienced
significant operating difficulties that precluded its ability to reduce the significant debt burden assumed
as part of the acquisitions.

Nevertheless, Raytheon`s core defense businesses are viewed as fundamentally healthy and offer
attractive growth prospects over the intermediate term. After a difficult period of integrating the acquired
businesses, Raytheon realized important operating improvements during year 2000, with operating cash
flow improving to positive $527 million from a deeply negative $849 million in 1999.

Despite this improvement, Raytheon`s earnings and cash-flow performance remain sub-par relative to its
size and stature because of slower-than-anticipated improvements in certain defense programs,
significant development costs related to new aircraft programs, and losses in its commercial electronics
unit.

Management has implemented programs to improve margins and reduce working capital and CAPEX
requirements, and anticipates that the cash flow from its aircraft business will improve materially as it
begins delivery of its Premier jet which has recently received FAA certification.

Moody`s said that its rating action anticipates continued progress in improving financial returns and
continued growth of free cash flow which will facilitate needed debt reduction. Moody`s also noted that
Raytheon could utilize proceeds from select asset sales to assist in reducing debt in the near term.

Compounding the need for earnings improvement and debt reduction is the potential for significant cash
outflows for liabilities stemming from the July 2000 sale of RE&C to WGI.

[Micky_Maus]

Raytheon Awarded $ 119 Million STANDARD Missile Product Contract


Tucson, arizona, 4.April--Raytheon gibt bekannt, einen 119,2 Mio.$- Kontrakt von der US-Navy für STANDARD Missile-2 Raketen erhalten zu haben.
Unter dem vereinbarten Festpreiskontrakt wir Raytheon verschiedene Raketen und Marschflugkörper an die Navy ausliefern. Die STANDARD Missile-2 Raketen sind für die Abwehr feindlicher Luftangriffe und zur Versenkung feindlicher Schiffe bereitgestellt.
Der größte Teil der Arbeit wird in den Einrichtungen von Raytheon in Tucson, Arizona ausgeführt.

Nachzulesen bei http://www.raytheon.com

Weiter aufwärts mit Raytheon!

[Gatsby2]

Warum die Verzweiflung weiter kommentieren? Die Nachricht spricht fuer sich ...

Friday April 6, 4:20 pm Eastern Time

CORRECTED-Raytheon to sell most of aviation support unit

In LEXINGTON story headlined ``Raytheon to sell most of aviation support unit,`` please read
in second paragraph ``... Madison, Miss ...,`` not ``... Madison, Wisc ...`` (Correcting state in which unit`s headquarters is located.)

A corrected version follows:

LEXINGTON, Mass., April 6 (Reuters) - Raytheon Co. (NYSE:RTNa - news) (NYSE:RTNb - news) said on Friday it would sell
most of its aviation support business, Raytheon Aerospace Co., to private investment firm Veritas Capital Inc. for $270 million in
cash and stock.

Raytheon Aerospace, which provides aircraft maintenance, inventory management and logistics support to government and
commercial clients, has 5,300 employees, including 470 in its Madison, Miss., headquarters.

Lexington, Mass.-based Raytheon, the No. 3 U.S. defense contractor, said it would receive $153 million in cash at closing, and
keep $47 million of receivables and $70 million of preferred and common stock in the business.

New York-based Veritas will acquire a 70 percent stake in the business, and Raytheon will retain the other 30 percent. The
parties expect to complete the deal in the second quarter of 2001.

[Gatsby2]

Unspektakulaer, weil im Rahmen der seinerzeitigen Vereinbarungen. Hoffentlich hatte der Markt diese Summe auch erwartet:

Monday April 9 10:43 AM ET
Raytheon: Charge of Up to $325 Million

BOSTON (Reuters) - No. 3 defense contractor Raytheon Co.
(NYSE:RTNa - news) (NYSE:RTNb - news) said on Monday it plans
to take a first-quarter charge of $275 million to $325 million to reflect
the estimated cost of completing two construction projects, but
operating earnings will be unaffected.

The charge stems from Raytheon`s sale of its engineering and
construction business last year to Washington Group International Inc.
(NYSE:WNG - news), the nation`s fourth-largest construction
company. As part of the deal, Lexington, Mass.-based Raytheon
agreed to performance guarantees for the construction of two power
plants in Massachusetts.

The Lexington, Mass.-based company, the maker of the Patriot missile, said it expects the full amount
of the charge to affect consolidated operating cash flow over the next four to six quarters.

Raytheon said it hired Duke Fluor Daniel to complete the two power plants after Washington Group
last month walked off the job after accusing the company of withholding key financial information about
the plants.

Raytheon, which had said its exposure in the Washington Group deal ranged from none to $450
million, said on Monday it is not modifying the high end of that range.

The company sold its engineering and construction business to Boise, Idaho-based Washington Group
for $73 million in cash and recorded a $270 million pretax loss on the disposal of the business.

Washington Group filed a lawsuit last month to rescind its purchase of the Raytheon business and
accused the missile maker of deliberately withholding financial information about various projects.
Raytheon denies the charges.

Washington Group said the deal triggered liquidity problems that resulted in defaults on its bank debt.

Raytheon`s Class B shares were up 34 cents to $31.31 in morning New York Stock Exchange (news
- web sites) trade, the high end of a 52-week range of $19.13 to $36.68. Washington Group was up
12 cents, or 7.1 percent, at $1.82, the low end of a one-year range of $1.07 to $12.30.

[Gatsby2]

Monday April 9, 3:25 pm Eastern Time

Press Release

SOURCE: Raytheon Company

Raytheon Awarded U. S. Marine Corps Complementary Low Altitude Weapon System (CLAWS) Contract

BEDFORD, Mass., April 9 /PRNewswire/ -- Raytheon Company (NYSE: RTNA - news, RTNB - news) has been competitively
selected for the Complementary Low Altitude Weapon System (CLAWS) program and awarded a $9.5 million development and
pre-production contract from the U. S. Marine Corps Systems Command. The 24-month program will produce two production
representative CLAWS launchers to validate all performance and integration requirements.

CLAWS is an advanced air defense guided missile system launcher combining combat proven Advanced Medium Range
Air-to-Air Missiles (AMRAAM) on the High Mobility Multipurpose Wheeled Vehicle. This expeditionary air defense system will
complement current Marine Corps Avenger based systems by providing beyond visual range air defense against cruise missiles,
unmanned aerial vehicles and other advanced threats.

``The CLAWS system gives Marines the air defense protection that`s critical to our expeditionary force operation,`` said Capt.
Peter Charboneau, deputy CLAWS program manager, Marine Corps System Command, Quantico, Va.

Raytheon`s team leveraged more than 10 years experience and over a $100 million dollar investment in Surface Launched
AMRAAM to provide the Marines a mature, highly capable, and low risk CLAWS program. ``We are extremely pleased with the
Marine Corps` confidence in our CLAWS approach and are committed to the success of the program. They now join Norway and
Spain as Surface Launched AMRAAM users. Having the Marines deploying this system will increase its international interest and
is expected to accelerate sales,`` said John Ryan, program manager, Surface Launched AMRAAM Systems.

Work performed under the contract will be done at Raytheon facilities in Andover and Bedford, Mass., and Tucson, Ariz.
Additional subcontractor work will be performed by Kongsberg Defense & Aerospace in Kongsberg, Norway, and General
Dynamics Armament Systems, Burlington, Vt.

With headquarters in Lexington, Mass., Raytheon Company is a global technology leader in defense, government and commercial
electronics, and business and special mission aircraft.

Contact:
Steve Brecken
781.999.2222

SOURCE: Raytheon Company

[Micky_Maus]

Warum so nüchtern berichten? Raytheon gelingt es doch immer wieder, volumige Aufträge an Land zu ziehen. Das NMD-Programm wird Raytheon noch weitere dicke Happen bescheren, das ist leicht vorhersehbar.
Apropos Happen, einige KrispyKreme-Dougnats dürften auch dabei sein, als leckere Nachspeise sozusagen.

[Gatsby2]

AAAAHH! MICKY!!

Nie, nie, NIEMALS werde ich mich mit Krispy Kreme donuts vergiften. Dunkin` Donuts hat mir genug Übelkeit verursacht.

[Micky_Maus]

+++Marlboro, Mass., April 23: Raytheon Team Wins $14,9 Million NASA Task Order For Research and Development of Airborne Technology+++

+++Goleta, Calif., April 24: Raytheon Awarded Israeli Electronic Warfare Equipment Production Contracts Valued at $60,5 Million+++

+++Lexington, Mass., April 25: Anteilseigner von Raytheon stimmen über die Entflechtung der verschiedenen Aktiengattungen Class A/Class B ab. Anteilseigner mit weniger als 20 Aktien werden bar ausbezahlt.+++

+++Lexington, Mass., April25: Raytheon announced today that it plans a public offering of $650 million of equityunits and 11 million shares of Raytheon Class B common stock.+++

Neben der guten Auftragslage bei Raytheon dürfte die geplante Entflechtung der Aktien das Rüstungsunternehmen voranbringen, da nunmehr klare Eigentümerstrukturen bestehen.

http://www.raytheon.com

[Gatsby2]

Ah Micky, das Rennen bleibt wohl wirklich spannend.

Deine unwissenden Kommentare zu Lockheed vergebe ich Dir beim derzeitigen Kurs nochmal, aber bei den Nachrichten solltest Du vielleicht auch die wichtigen bringen:

Raytheon Company, Tucson, Ariz., is being awarded a $177,279,254 firm-fixed-price contract to
provide 426 AIM-120 Advanced Medium Range Air-to-Air Missiles, 332 spare fins, 233 warranties,
four instrumentation units, two lots spares, and administration support. This effort supports the Air
Force (170 missiles and 170 warranties), Navy (63 missiles, 63 warranties, 332 spare fins), and foreign
military sales to Taiwan, Singapore, and Japan (193 missiles, 73 warranties, software upgrade, four
instrumentation units, and administration support). The work is expected to be completed July 31, 2001.
Solicitation began December 1997; negotiations were completed March 1998. Air Armament Center,
Eglin Air Force Base, Fla., is the contracting activity (F08635-01-C-0016).

P.S.: Danke für das Ding zu EADS. Die hab` ich nämlich immer noch.

[Gatsby2]

Wie gesagt: alle Aufträge müssen rein:

Raytheon Company, Tucson, Ariz., is being awarded a $49,900,000 modification to previously awarded cost-plus-award-fee
contract (N00024-98-C-5364) for engineering and technical services in support of the Standard Missile 3 (SM-3). Work will be
performed in Tucson, Ariz., and is expected to be completed by September 2002. Contract funds will not expire at the end of the
current fiscal year. This contract was not competitively procured. The Naval Sea Systems Command, Arlington, Va., is the
contracting activity.

Übrigens, Micky: da Du Dich ja auch zunehmend für die Verteidigungsindustrie interessierst - hast Du Dir schon mal NOC`s Global Hawk angesehen? ... Nachdem die U.S. Kartellbehörde die Übernahme von Newport News durch GD wohl absegnen werden, sind neue Spekulationen über einen Zusammenschluß von LMT und NOC aufgekommen. Der Zusammenschluß war vor etwa zwei Jahren noch abgelehnt worden.

[Gatsby2]

Und als kleines Schmankerl dürfte es vielleicht auch interessant sein zu erfahren, wer da eigentlich am Südpol `rumturnt. In der Presse sieht alles immer so nach einer harmlosen Zivilmission aus:

Return of Dr. Ronald Shemenski to Punta Arenas, Chile

April 26 -- Raytheon Technical Services Company (RTSC) is pleased to
announce that Dr. Ronald S. Shemenski is en route to Punta Arenas, Chile. The
Twin Otter departed Rothera, Antarctica, at approximately 11:00 a.m. EDT. The
estimated arrival time is 3:45 p.m. EDT today. Dr. Shemenski is on board and
is doing well.
Dr. Betty Carlisle, Shemenski`s replacement, is at the Pole to safeguard
the well-being of our employees at the Amundsen-Scott Station, as well as the
scientists they support. Dr. Carlisle examined Dr. Shemenski at the Pole, and
granted him medical clearance to fly.
We join the United States National Science Foundation in extending our
thanks to Kenn Borek Air Ltd. for helping us to successfully complete this
airlift, as well as to the medical experts, weather forecasters, British
Antarctic Survey, Chilean government, U.S. Office of Aviation Services, and
U.S. Air Force for the roles they played in contributing to the health and
safety of Dr. Shemenski, the winter population at the Pole, and the flight
crew.

WHAT: Raytheon press conference to update the status of the medical
evacuation of Dr. Ronald S. Shemenski from Antarctica`s Amundsen-
Scott South Pole Station

WHERE: Hotel Cabo de Hornos, Punta Arenas, Chile

WHEN: 7:30 p.m. EDT Thursday, April 26, 2001

WHO: Statements will be given by Tom Yelvington, RTSC vice president
and U.S. Antarctic Program manager; Steve Dunbar, RTSC manager,
field operations; and Captain Sean Loutitt of Kenn Borek Air,
Ltd., mission pilot. Health permitting, Dr. Shemenski will also
attend and give a statement.

Contacts:
Bob Valentine, 703.295.2300
Kristen Giddens, 703.295.2300
David Mortazavi, 703.295.2300

SOURCE Raytheon Technical Services Company (RTSC)

[Gatsby2]

Oh, bald wird Raytheon vielleicht doch wieder billiger zu haben sein, denn der Kapitalmarkt mag Untersuchungen der SEC überhaupt nicht.

Thursday May 3 1:08 PM ET
Raytheon Construction Unit Sale Probed

LEXINGTON, Mass. (Reuters) - U.S. securities regulators are
investigating Raytheon Co.`s sale of its struggling construction business
last year after the buyer, Washington Group International Inc.
(NYSE:WNG - news), complained they were defrauded by the No. 3
defense contractor.

Raytheon (NYSE:RTNa - news) (NYSE:RTNb - news) on Thursday
confirmed it received a subpoena from the U.S. Securities and
Exchange Commission (news - web sites) requesting information about
its construction and engineering unit. Raytheon said the federal inquiry
did not suggest it violated any law.

Washington Group, which led the construction of the Hoover Dam, has accused Raytheon of
withholding key financial information about construction projects it sold with the engineering business.
The No. 4 construction firm said the SEC has contacted them, too.

Boise, Idaho-based Washington Group, formerly known as Morrison Knudsen Co., also has sued
Raytheon to rescind its purchase of the operation, accusing Raytheon of fraud and material
misrepresentations about its construction and engineering business. Raytheon has said the allegations
are not true.

``We will respond to the SEC`s questions and supply whatever information is requested,`` Raytheon
Chairman Daniel Burnham said in a statement. ``We have made extensive disclosures regarding
Raytheon Engineers & Constructors (RE&C) and its disposition to WGI and believe that our policies
and practices are in compliance with all regulations and laws.``

Raytheon, maker of Patriot missiles, business jets and radar systems, sold the engineering and
construction business to Washington Group last July for $73 million in cash and assumed liabilities then
estimated at $450 million. Raytheon subsequently has increased the loss on the sale to $415 million
before taxes.

A few months after buying the business, Washington Group reduced the carrying value of several
contracts and increased estimated liabilities by about $700 million.

Since then, Washington Group has walked off two Massachusetts construction jobs, alleging Raytheon
withheld financial information about the projects.

``We can confirm that we have been contacted by the SEC and asked to provide accounting
documents concerning the Raytheon divestiture of RE&C,`` Brent Brandon, the company`s vice
president of investor relations, told Reuters.

At a court hearing in Boise, Idaho on Wednesday, Washington Group officials stacked 27 boxes filled
with binders of forensic accounting evidence they were giving to the SEC.

Some 34 of the 104 binders were accounting reviews of RE&C projects, including construction of two
power plants that Washington Group abandoned in Massachusetts last month. Raytheon is now in
charge of the power plant projects.

Washington Group is in a severe liquidity crisis and is seeking to have a judge compel Raytheon to
produce an audit document needed to resolve purchase price adjustments with Raytheon.

The ongoing dispute has also taken a toll on Raytheon`s financial results, contributing to first-quarter
pretax charges of $325 million, or 61 cents a share, against earnings. The company has warned that the
situation would hurt operating cash flow over the next four to six quarters.

The SEC would neither confirm nor deny the existence of the probe, but noted it issues subpoenas as
an investigative tool. Generally, an SEC spokesman said, subpoenas are issued when efforts to get the
information from a company voluntarily fail.

The engineering and construction unit was among a number of non-core businesses that Raytheon has
sold to cut down a nagging debt load that remains at about $9.6 billion.

Washington Group has said its acquisition of the Raytheon unit led to liquidity problems that resulted in
defaults on its bank debt.

Shares of Raytheon`s widely traded Class B stock was trading at $28.85 down 80 cents or 2.73
percent in midday trading on the New York Stock Exchange (news - web sites).

Washington Group shares were trading at $1.13 up 3.67 percent or 4 cents in midday trading on the
same exchange.

[Gatsby2]

Raytheon hat sich bei enormem Handelsvolumen am Freitag nur knapp über Wasser gehalten. Sollte der nachfolgende Bericht Wirkung zeigen, würde ich darauf in Zukunft nicht mehr wetten:

MIT prof critical of FBI`s actions in missile probe
by Tom Kirchofer

Saturday, May 5, 2001

An MIT professor says the FBI made a half-baked effort to investigate his claim of
fraud in the National Missile Defense program before apparently dropping the case.

Massachusetts Institute of Technology`s Theodore Postol is a vocal critic of the way
the government has gone about trying to create a system to knock enemy missiles
out of the sky before they hit the United States.

Postol believes TRW Inc. of Cleveland manipulated data in tests of the system`s
ability to tell the difference between warheads and simple decoys, to make it
appear that the system could tell the difference.

The FBI launched an investigation after 53 members of Congress asked for an
investigation of Postol`s assertions.

``I had a meeting with a couple of investigators a while back who didn`t seem to
know much about the issues. They never contacted me again,`` Postol said. ``The
FBI appears to have drawn conclusions without having done any serious
investigations.``

The TRW ``hit-to-kill`` vehicle in question was eventually passed over by the
Pentagon in favor of a Raytheon Co. system. Postol is also critical of that system,
saying it can`t tell the difference between missiles and warheads either.

TRW is still involved in making command and control systems for the current
missile defense program.

The company`s spokesman, Jay McCaffrey, said TRW hadn`t officially heard from
the FBI that the investigation had been dropped.

``But if this report is accurate, we would obviously be delighted to learn that the
FBI has vindicated TRW,`` he said.

The FBI`s spokeswoman, Charlene Sloan, said the FBI couldn`t identify a crime.

``The FBI conducted an investigation which failed to disclose that a federal
violation had been committed. Since all logical investigation has been completed,
this matter has been closed,`` she said.

Postol, a professor of science, technology and national security policy, previously
studied missile issues at the Congressional Office of Technology Assessment, and
later worked in the Pentagon.

Postol said he has also been discussing his complaints with investigators from the
General Accounting Office, which is the investigative arm of Congress.

[Micky_Maus]

++Lexinton, Mass., May 4: Raytheon verkündet die Konditionen zur Entflechtung der Aktiengattungen. Das Angebot sieht für 12,5 Mio. Aktien Class B 27,50$ per share vor, sowie 50$ per unit für 8,25%-Anleihen. Des weiteren werden Optionen zum Erwerb von 1,875 Mio. Aktien zur Deckelung ausgegeben bzw. 2,25 Mio. Bezugsrechte für die Sicherungsscheine.++

++Tucson, Ariz., May 7: Raytheon erhält den Zuschlag für einen wichtigen $177 Mio.- Kontrakt zur weiteren Produktion von 426 Luft-Luft-Geschossen, Advanced Medium Range Air-to-Air Missile (AMRAAM). Die Waffen kommen bei den US-Kampfflugzeugen F-15, F-16, F/A-18, der deutschen F4F, dem britischen Sea Harrier, sowie der Norwegischen Advanced Surface-to-Air Missile Systems zum Einsatz. AMRAAM ist ebenso einsatzfähig für die F-22, EF-2000, JAS-39 Gripen, JA-37 Viggen, Harrier II Plus, Tornado sowie für das sog. HAWK-AMRAAM- System.+++

[Gatsby2]

Gute Nachrichten sind bei Raytheon in letzter Zeit wirklich Mangelware geworden. Aber es gibt sie noch: Nach einer Marktstudie der Aviation Research Group/US sind die von Raytheon Aircraft hergestellten Modelle Hawker und Beechjet die beliebsten und meistgekauften Flugzeuge ihrer Klasse.

Friday May 11, 3:29 pm Eastern Time

Press Release

SOURCE: Raytheon Aircraft

Raytheon Aircraft`s Beechjet and Hawker Are Most Popular Fractional Aircraft in 2000

WICHITA, Kan., May 11 /PRNewswire/ -- Raytheon Aircraft`s Beechjet 400A and Hawker 800 series were the most popular
airplanes among all new fractional aircraft owners in 2000, according to Aviation Research Group/US (ARG/US), an aviation
market research firm.

The Cincinnati, Ohio-based company gathered registration data provided to the Federal Aviation Administration by the four leading
aircraft fractional ownership companies. The data shows 27 new and pre-owned Beechjet 400A light jets were sold in 2000, tops
among all aircraft models. Second, with 19.94 new and pre-owned units sold, was the Hawker 800 series of mid-size business jets.

``The Beechjet and the Hawker have been customer favorites for years, and that`s now being reflected in the fractional
marketplace,`` said Hansel Tookes, chairman and CEO of Raytheon Aircraft. ``The Hawker 800XP is the world`s best- selling
mid-size business jet and has the largest cabin in its class, while the Beechjet offers passenger comfort unequaled in any other light
jet.``

The fractional aircraft concept was created in 1986, but the industry has experienced its most rapid growth in the past eight years
-- growing from 24 aircraft and 89 shareowners in 1993 to more than 500 aircraft and 3,700 owners today. Raytheon Aircraft`s
fractional ownership company, Raytheon Travel Air, has followed that pattern, expanding from 13 aircraft and 42 owners in
December of 1997 to 101 aircraft and more than 740 owners today. The Travel Air fleet includes Hawker 800XPs, Beechjet
400As, King Air B200s and Challenger 601s.

Raytheon Aircraft, a subsidiary of Raytheon Company, designs, manufactures, markets and supports jet, turboprop and
piston-powered aircraft for the world`s commercial, military and regional airline markets. It had revenues of $3.2 billion in 2000.

With headquarters in Lexington, Mass., Raytheon Company (NYSE: RTNA - news, RTNB - news) is a global technology leader
in defense, government and commercial electronics, and business and special mission aircraft.

CONTACT: MeLinda Schnyder of Raytheon Aircraft, 316-676-4770.

[Gatsby2]

Ab heute nicht mehr RTNa/b, sondern einfach nur noch RTN. Ob`s dem Kurs was bringen wird??

Monday May 14, 7:16 pm Eastern Time

Press Release

SOURCE: Raytheon Company

Raytheon Completes Reclassification of Class A and Class B Shares and Reverse-Forward Stock Split; Trading Under New Ticker Symbol, RTN, Expected to Begin on May 15, 2001

LEXINGTON, Mass., May 14 /PRNewswire/ -- Raytheon Company (NYSE: RTNA - news,
RTNB - news) announced today that it completed the reclassification of its Class A and Class
B common stock into a single class of new common stock. Trading in the new common stock
is expected to begin on May 15, 2001 on the New York Stock Exchange, the Chicago Stock
Exchange and the Pacific Exchange under the symbol RTN.

Raytheon shareholders approved both the reclassification and a reverse- forward stock split at
the company`s annual meeting on April 25, 2001.

Stockholders with share certificates representing Class A or Class B common stock will need
to complete and return a letter of transmittal along with their share certificates, in order to
receive their new common stock certificates. Registered stockholders holding their shares in
book entry form do not need to take any action in connection with the reclassification.

Raytheon also completed a reverse stock split followed immediately by a forward stock split of
its common stock. As a result of this transaction, Raytheon cashed-out stockholders who held
fewer than 20 shares as of the close of business on May 14, 2001. These stockholders will
receive cash for any fractional shares they held in such accounts after the reverse split.

The company has arranged for the sale of the shares formerly held by these shareholders
through an independent agent in open market transactions and will distribute the proceeds to
cashed-out shareholders. The transaction will have no effect on stockholders holding 20 or
more shares in their accounts prior to the close of business on May 14, 2001. Raytheon
expects significantly reduced shareholder record-keeping and mailing expenses as a result of
this transaction.

Registered stockholders holding their cashed-out shares in book entry form do not need to take
any action to receive their checks from the company. Stockholders with share certificates
representing their cashed-out stock will need to complete and return a letter of transmittal
along with their share certificates to receive their checks. The company will begin mailing
checks to such stockholders after the completion of the sale of the shares.

With headquarters in Lexington, Mass., Raytheon Company is a global technology leader in
defense, government and commercial electronics, and business and special mission aircraft.

Forward-looking statements:

Certain statements made in this release constitute forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 regarding the company`s future plans, objectives, and expected performance. Specifically,
statements that are not historical facts, including statements accompanied by words such as ``believe,`` ``expect,`` ``estimate,``
``intend,`` or ``plan`` 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. Important factors that could cause
actual results to differ include, but are not limited to: risks associated with implementing the reclassification and the
reverse/forward stock split.

Contact:
Amy Hosmer
781.860.2423

[Gatsby2]

Washington Group (NYSE:WGN) ist Pleite, Raytheon sieht rosige Zukunft -- Micky wird`s freuen



Tuesday May 15 1:30 PM ET
Raytheon Sees Solid Growth

NEW YORK (Reuters) - Raytheon Co. (NYSE:RTN - news), maker of
defense electronics and missile systems, on Tuesday reiterated its growth
targets, saying it was poised to gain on the widely expected increase in
government defense spending.

Solid growth from defense-related businesses should offset continued
weakness from Raytheon`s commercial aviation segment, which has
suffered weak order trends over the past four months, the company said.

Raytheon expects revenues to grow 4 percent to 6 percent this year, with
earnings per share climbing by more than 10 percent. Operating cash flow
should increase to more than $3 billion over five years, Chief Executive Dan Burnham told investors at a
conference in New York.

The company downplayed its dispute with construction firm Washington Group International Inc.
(NYSE:WNG - news), which filed for bankruptcy protection on Monday, saying it expects its position to
be upheld in court.

The fight with Washington Group, stemming from last year`s sale of Raytheon`s engineering and
construction business to the construction company, caused Raytheon to take about $325 million in charges
against first-quarter earnings. Raytheon said it may incur up to $125 million in additional charges.

Still, the nation`s second-largest defense contractor said its defense-related businesses would generate
solid growth under the Bush administration`s spending plans, thanks to its participation in many of the
largest military spending programs.

``We clearly like what we see in defense,`` Burnham said, speaking at the Aerospace Finance
Conference hosted by Credit Suisse First Boston and Aviation Week.

``We are moving toward a more comprehensive defense strategy,`` he said, referring to national defense
policy and spending priorities. ``The more comprehensive, the better for us.``

President Bush (news - web sites) and the Pentagon (news - web sites) have yet to lay out a clear
agenda for defense spending, noting only that they would review all current programs and intend to focus
efforts on creating a national missile defense.

Burnham noted the company has a leading position in missile systems along with precision strike
technology, which allows the military to accurately hit targets regardless of weather conditions.

Shares of Raytheon fell 12 cents to $29.52 on the New York Stock Exchange (news - web sites). The
stock, along with industry peers, has outperformed the broader market over the past year, with the
Standard & Poor`s aerospace and defense index rising 59 percent while the S&P 500 has dropped 12
percent.

[Gatsby2]

Die CSFB/Aviation-week Konferenz produziert natürlich reihenweise zusammenfassende Stellungnahmen zur Lage der präsentierenden Unternehmen, und so dürfte wohl auch dieser Artikel im wesentlichen auf dem gestrigen Vortrag von Raytheon CEO Daniel Burnham beruhen, dessen Unterton allerdings weniger skeptisch gewesen sein dürfte, als dieser Artikel.

Wer sich für Burnhams O-Ton interessiert, findet ihn hier:

http://tech.csfb.com:80/cgi-bin/schedule1.pl?C=17&D=aerospac…

Wednesday May 16, 2:44 pm Eastern Time

RPT-MERGER TALK-Raytheon asset sales thwarted by challenges

By Dane Hamilton

NEW YORK, May 16 (Reuters) - Timing is everything. And Raytheon Co. (NYSE:RTN - news), the giant defense contractor,
has been off its stride lately.

Raytheon, maker of Tomahawk and Sidewinder missiles, has been trying to
sell its aircraft division to reduce about $9.5 billion in debt.

The company`s previous asset disposals, such as the sale of its construction
and engineering division to Washington Group International (NYSE:WNG -
news) last year, caused such big headaches that they are jeopardizing other
asset sales, some potential buyers said.

And even though the aircraft division just won approval to sell a new
high-tech business jet called Premier I, the market for the aircraft is
softening after a boom in recent years. That makes the prospects for a
lucrative asset sale even more remote, analysts said.

``They have had some problems generating sales recently,`` said Chris
Mecray, an analyst with Deutsche Bank Alex. Brown. ``And there aren`t
many natural buyers`` for Raytheon Aircraft.

Raytheon declined to comment, but it previously said it planned to dispose of at least $500 million worth of ``non-core`` assets this
year. Last month it sold a portion of its aircraft division to private equity group Veritas Capital for $270 million.

Bankers familiar with the company say it has actively sought to sell the aircraft division but has not been able to get the asking
price of $4 billion.

Private equity groups Kohlberg Kravis Roberts & Co. and Clayton, Dubllier & Rice both looked at buying the division, these
bankers said, as did General Dynamics (NYSE:GD - news). But after protracted negotiations with Raytheon, General Dynamics
elected instead to buy Galaxy Aerospace Co. LP, a mid-sized business aircraft maker, for $330 million, a deal announced May 1.

A General Dynamics spokesman would not comment on Raytheon Aircraft except to say it was not interested in the unit.

After a spate of acquisitions that pushed debt to levels nearly equal to Raytheon`s current stock market value of $10.6 billion, the
company has a strong incentive to sell non-core assets.

Last year Raytheon was betting that the $5 million Premier I jet would be enough to give the aircraft unit a healthy price tag in a
boom market for business jets. Sales for the unit grew 18 percent to $3.2 billion in 2000.

But Premier I was bogged down by a year-long delay in getting Federal Aviation Administration certification, which delayed the
potential sale of the aircraft unit, according to sources. During that time, the ``fractional`` market for business aircraft, where
planes are leased to multiple buyers, became saturated, and business travel budgets were slashed with a looming recession.

PREVIOUS SALES WENT AWRY

Worse yet, Washington Group, formerly construction contractor Morrison Knudson, sued Raytheon in March to rescind the
construction division deal, alleging that Raytheon employed ``inappropriate accounting practices`` and fraudulently misrepresented
liabilities of the unit.

Washington Group, which filed for Chapter 11 bankruptcy protection this week, axed two Massachusetts construction projects,
forcing Raytheon to complete them as part of a performance bond.

Raytheon blasted Washington Group`s allegations, saying ``it may be that WGI bit off more than it could chew.`` But it later
acknowledged that the U.S. Securities and Exchange Commission is investigating allegations related to the sale.

Adding to potential asset buyers` worries is a lawsuit filed by L-3 Communications Holdings (NYSE:LLL - news) alleging that
Raytheon withheld vital information in connection with L-3`s purchase of Raytheon`s training devices unit.

One banker familiar with Raytheon`s asset sales said the legal challenges have made it difficult for private equity buyers to obtain
bank financing in deals for Raytheon`s assets.

``Financial buyers typically don`t have in-house expertise to evaluate the business, and they have to take numbers provided by the
seller to get financing,`` this banker said. ``And these banks have to have confidence in the numbers, which can be an issue.``

Furthermore, analysts said the pool of potential strategic buyers of the aircraft unit, which includes Canada`s Bombardier
(Toronto:BBDa.TO - news), Textron Inc.`s (NYSE:TXT - news) Cessna unit and France`s Dassault , is small. A lower price such
as $3.2 billion, equal to the unit`s 2000 sales, might bring out more buyers, they said.

Despite its problems, however, Raytheon continues to have a formidable business, and a sale of its aircraft division is apparently
not essential to its viability, analysts say. And the market seems to agree: Raytheon is set to raise $1.09 billion in a debt and equity
offering this month.

[Gatsby2]

Auch nix besonderes, aber immerhin `mal wieder ein kleiner Erfolg für Raytheon.

Wednesday May 23, 10:38 am Eastern Time

Press Release

SOURCE: Raytheon Company

Raytheon`s Advanced Targeting FLIR Entering Low Rate Initial Production for Navy

EL SEGUNDO, Calif., May 23 /PRNewswire/ --Raytheon Company (NYSE: RTN - news) has received a $62.3 million contract
from The Boeing Company for Low Rate Initial Production (LRIP) of 15 Advanced Targeting Forward Looking Infrared
(ATFLIR) pods and spares.

ATFLIR is a third generation electro-optical targeting pod that significantly outperforms both the LANTIRN pod and the AAS-38
NITE Hawk targeting pod currently deployed by the Navy and Marine Corps. ATFLIR combines the navigation and targeting
FLIR capabilities into a single pod, freeing up one weapon station. Offering day or night capability, ATFLIR incorporates a staring
mid-wave focal plane array, high-energy laser designator and improved FLIR-to-laser boresight.

The system also provides the capability to detect, classify and track both air-to-air and air-to-surface targets and supports the
autonomous delivery of existing laser-guided weapons and emerging standoff weapons. Its visible band camera enhances
long-range target recognition and weapons delivery in daylight conditions. Designed for platform flexibility, ATFLIR is planned for
integration on both the F/A-18 C/D Hornet and the F/A-18 E/F Super Hornet aircraft.

Captain Jeffrey Wieringa, Navy program manager for the F/A-18, said, ``ATFLIR brings to the F/A-18 yet another enhanced
capability that makes it the most lethal strike fighter in the world.``

``By awarding this LRIP contract, the Navy is demonstrating its continued commitment to the F/A-18 ATFLIR program,`` said Jim
Hausle, ATFLIR program manager. ``This pod provides a giant leap in technology and FLIR targeting accuracy. Raytheon is
pleased to be part of the team that will deliver this capability for the F/A-18 C/D Hornet and for every deployment of the F/A-18
E/F Super Hornet.``

Raytheon will begin delivery of ATFLIR to the fleet to support the first deployment of the new F/A-18E by the U.S. Navy`s
Eagles of VFA-115 in June 2002 aboard the USS Lincoln (CVN 72). The pod will also support VFA-14 and VFA-41 on their first
deployment in the F/A-18 E/F scheduled for 2003 aboard the USS Nimitz (CVN 68).

With headquarters in Lexington, Mass., Raytheon Company is a global technology leader in defense, government and commercial
electronics, and business and special mission aircraft.

Contact:
Mark Day
310.647.0784

SOURCE: Raytheon Company

[Gatsby2]

Die Feldversuche in Iowa waren wohl erfolgreich ...und jetzt verstehen auch die outsider, woher die heftigen Kursbewegungen der letzten Tage kamen. Naja, glücklicherweise kann man ja in Deutschland noch kaufen, bevor die amerikanischen Märkte wieder öffnen...



Thursday May 24, 5:50 pm Eastern Time

Press Release

SOURCE: ISCO International

ISCO International Receives Order for Adaptive Notch Filter Systems From Verizon Wireless

MT. PROSPECT, Ill., May 24 /PRNewswire/ -- ISCO International (Illinois Superconductor Corporation) (OTC Bulletin Board:
ISCO - news), a leading supplier of interference-management solutions for the wireless telecommunications industry, announced
today that it has received an order from Verizon Wireless for twelve Adaptive Notch Filter (ANF) systems, to be deployed in the
Chicago area.
(Photo: http://www.newscom.com/cgi-bin/prnh/20010321/CGW036LOGO )

``This is our first order from a U.S. customer for the revolutionary ANF product, which we acquired through our transaction with
Lockheed Martin Canada last year,`` said Dr. George Calhoun, Chief Executive Officer of ISCO. ``We believe that the ANF
system is a highly effective solution to control in-band interference, which can have a serious impact on the capacity and
performance of CDMA systems.``

``The challenge in managing in-band interference is that interference sources are dynamic and unpredictable,`` said Dr. Amr
Abdelmonem, Chief Technical Officer for ISCO. ``This means that conventional interference management solutions are not
effective against many types of in-band interference. The ANF system is designed to scan and monitor the CDMA channel in real
time, and when interference is detected, a notch filter is tuned to suppress it within less than 20 milliseconds. This extremely rapid
response also means that we can eliminate the interference before the CDMA system starts to respond to it, which should lead to
more-stable system performance.``

``In previous tests, we found that just two narrowband interference sources (such as analog AMPS cellular phones) can rob a
CDMA cell-site of up to 25% of its nominal capacity. We believe that ANF is a unique solution to the in-band interference
problem, and that ISCO is the only company to offer a comprehensive solution covering both in-band and out-of-band interference
suppression in wireless telecommunications networks.``

ISCO International is a leading supplier of interference-management solutions for the wireless telecommunications industry and is
the industry leader in the commercialization of high temperature superconducting technology for the wireless telecommunications
industry. ISCO develops, manufactures, and markets radio frequency (RF) products to enhance the quality and capacity of cellular
telephone, personal communications services (PCS) and other wireless services and systems.

ISCO offers the broadest range of interference management solutions in the industry. It offers the only patented product in the
world that suppresses in-band interference within 20 milliseconds. The company offers the widest range of configurations for HTS
out-of-band interference solutions that support cellular, PCS and 3G systems. Its products include the smallest HTS filter systems
on the market today, as well as the only failure-proof all- temperature HTS filter architecture, our patented ATP(TM) system.
ISCO has sold more than 400 systems worldwide and has on-going field trials with domestic and international service providers.
ISCO is also developing ultra- high-performance superconducting front-end products, including both transmitter and receiver
products for emerging third generation (3G) wireless systems. 3G wireless systems are expected to replace current wireless
systems over the next several years.

Because the Company wants to provide investors with meaningful and useful information, this news release contains, and
incorporates by reference, certain ``forward-looking statements`` that reflect the Company`s current expectations regarding the
future results of operations, performance and achievements of the Company. The Company has tried, wherever possible, to
identify these forward-looking statements by using words such as ``anticipates,`` ``believes,`` ``estimates,`` ``expects,`` ``plans,``
``intends`` and similar expressions. These statements reflect the Company`s current beliefs and are based on information currently
available to it. Accordingly, these statements are subject to certain risks, uncertainties and contingencies, which could cause the
Company`s actual results, performance or achievements to differ materially from those expressed in, or implied by, such
statements. These factors include, among others, the following: market acceptance of the Company`s technology; the spending
patterns of wireless network operators in connection with the build out of 3G wireless systems; the Company`s ability to obtain
additional financing in the future; the Company`s history of net losses and the lack of assurance that the Company`s earnings will
be sufficient to cover fixed charges in the future; uncertainty about the Company`s ability to compete effectively against better
capitalized competitors and to withstand downturns in its business or the economy generally; the adverse effects on liquidity of the
Company`s common stock because of its de-listing from the NASDAQ National Market in June 1999; continued downward
pressure on the prices charged for the Company`s products due to the competition of rival manufacturers of front-end systems for
the wireless telecommunications market; the timing and receipt of customer orders; the Company`s ability to attract and retain key
personnel; and the effects of legal proceedings. A more complete description of these risks, uncertainties and assumptions is
included in the Company`s filings with the Securities and Exchange Commission, including those described under the heading ``Risk
Factors`` in the Company`s Annual Report on Form 10-K/A. You should not place undue reliance on any forward-looking
statements. The Company undertakes no obligation to release publicly the results of any revisions to any such forward-looking
statements that may be made to reflect events or circumstances after the date of this Report or to reflect the occurrence of
unanticipated events.

SOURCE: ISCO International

[Gatsby2]

Oh, wie schlecht von mir...

... der falsche Thread.

[Gatsby2]

Nur so am Rande...

Thursday May 24, 10:10 am Eastern Time

Press Release

SOURCE: Raytheon Company

Raytheon Names David O`Blenis as President, Raytheon Systems Canada Ltd.

OTTAWA, May 24 /PRNewswire/ -- Raytheon Company has appointed David O`Blenis as president, Raytheon Systems Canada
Ltd.

From his offices in Ottawa, Canada, O`Blenis will serve as the company`s principal interface with Canadian defense and other
government agency customers. He joins Raytheon from Honeywell Canada, where he was president and chairman of Honeywell
companies in Canada. Prior to assuming those positions, he was president, AlliedSignal Aerospace Canada and chairman
AlliedSignal companies in Canada.

From 1997 to 1999 O`Blenis served as vice president, Business Development and Government Affairs for AlliedSignal Aerospace
Canada. He joined AlliedSignal in 1995 as the regional director of Canadian Programs for AllliedSignal. Prior to that time he
served as the deputy commander in chief, North American Air Defense Command, Colorado Springs, Colo., capping a career in
the Canadian Armed Forces.

O`Blenis currently is the chair, Canadian NATO Industrial Advisory Group (NIAG); co-chair, Defense Industrial Advisory Group;
co-chair, NIAG International Defense Industrial Ad Hoc Working group; and, executive director of the Aerospace Industries
Association of Canada.

``We are extremely pleased to have David join us to lead our anticipated explosive growth in the Canadian aerospace and defense
market over the next few years,`` said Tom Culligan, Raytheon`s executive vice president of Business Development and president
of Raytheon International Inc. Raytheon Systems Canada Ltd, with more than 1500 employees at six locations across Canada,
serves the aerospace and defense sectors with a broad range of high technology products and services.

With headquarters in Lexington, Mass., Raytheon Company (NYSE: RTN - news) is a global technology leader in defense,
government and commercial electronics, and business and special mission aircraft.

Contacts:
Dave Shea Adrienne White
703.284.4245 (United States) 604.821.5188 (Canada)

SOURCE: Raytheon Company

[Gatsby2]

Ob wir in diesem Leben auch nochmal gute Nachrichten von Raytheon lesen werden?

Wednesday June 6, 5:22 am Eastern Time

Raytheon Aircraft says to cut more jobs

WICHITA, Kan., June 6 (Reuters) - Raytheon Aircraft, a unit of U.S. arms and electronics group Raytheon Co. (NYSE:RTN -
news), will reduce its Kansas production workforce through the end of the year by about 470 hourly employees through layoffs,
reflecting reduced production rates for new aircraft.

Employee notices are expected to begin this month. The company said in April it would cut about 450 salaried jobs, of which 267 will have been eliminated by the
end of June.

The most recent cuts are associated with lower than expected new aircraft delivery rates for Beechjet and King Air aircraft, the company said.

The company now plans to deliver 468 new aircraft in 2001, 40 fewer than the 508 total aircraft planned for this year.

Raytheon Aircraft also said its revenues were now expected to be $3 billion for 2001. Raytheon has not changed its guidance for earnings per share or cash flow for
2001 as a result of this announcement, the firm said.

Raytheon Aircraft had revenues of $3.2 billion in 2000 and its Kansas workforce totalled about 9,800 employees.

Although first-quarter bookings were below anticipated levels due to an overall economic downturn, Raytheon Aircraft said it has seen some improvement in the
second quarter.

Demand for the company`s newer top-end business jets is leading to more pre-sales activity, the company said.

Shares of Raytheon closed Tuesday at $29.25.

[Micky_Maus]

Rumsfelds Pläne zur Raketenabwehr stoßen in Europa auf wenig Begeisterung- Zugeständnisse gegenüber den Demokraten

-->http://www.berlinonline.de/aktuelles/berliner_zeitung/politi…

[Gatsby2]

Micky,

bei Anlegern stoßen die Raketenabwehrpläne allerdings auf große Begeisterung. Meint jedenfalls die International Herald Tribune:



Defense Stocks` Upward Trajectory Leaves Others Behind
Erika Kinetz
Saturday, June 9, 2001

The hawks have inherited the earth. When the Nasdaq composite
index was reaching its record high in March 2000, the Standard
Poor`s aerospace and defense index was plunging.

But times have changed. The Nasdaq has since dropped 56 percent
and the S&P 500 index is off 9 percent. But the defense index,
which tracks the performance of Boeing Co., General Dynamics
Corp., Goodrich Corp., Lockheed Martin Corp., Northrop Grumman
Corp., Rockwell International Corp. and United Technologies Corp.,
has risen 80 percent.

Defense may be defensive, but it is far from staid. Investors who
fled the tech turmoil and parked their cash in defense stocks have
lately weathered some unexpected political upheaval. The
Democrats officially gained control of the Senate last week, but the
major threat to the U.S. defense budget may prove to be President
George W. Bush`s emphasis on his domestic agenda, particularly his
$1.35 trillion dollar tax cut.

Still, many are betting that Democrats, the missile defense debate
and budgetary uncertainty will not prove lethal to the sector.

"You can`t pick stocks based on this news," said Joe Nadol of J.P.
Morgan Chase Co. "It`s the same 100 votes in the Senate. It`s only
leverage that`s changing."

He added that missile defense spending has been growing for the
last 15 years. "It`s going to continue to grow," he said. "The only
question is the trajectory of that growth."

Mr. Bush has made it clear that he is more concerned with gearing
up for a war in Asia than in Europe, and he has emphasized missile
defense, space-based systems, and cutting-edge technology. But he
has also asked Secretary of Defense Donald Rumsfeld to review of
all military spending and programs.

According to Mr. Nadol, procurement spending peaked at $90 billion
in 1985 and bottomed out at $43 billion in 1997 in current dollars. In
his second term, President Bill Clinton increased the procurement
budget to its current level of $60 billion and called for further
increases to $70 billion by 2005.

"It`s a very cyclical business," Mr. Nadol said, adding, "We are in
the sweet spot of the cycle right now."

On average, there is a three-year lag between appropriations and
cash outlays, he said. The first uptick in the defense budget hit in
1998, so 2001 is the first up year in terms of cash outlays.

"From an investor`s standpoint, we`re in inning one," he said.

Mr. Bush promised during the campaign to increase defense
spending. The question, Mr. Nadol said, is by how much and how
long.

"I see sustained outlay growth through the middle of the decade and
beyond," he said. "This is typically a 20-year cycle - 10 up and 10
down. We`re in year one of the up."

While it may be sustained, the growth will almost certainly be slow.

"Defense is not a high-growth area," said James McAleese of
McAleese Associates PC, a Virginia-based aerospace and defense
law firm. Noting that the average annual increase in top-line
defense spending from 1998 to 2002 was 4.6 percent, he cautioned
investors to make careful choices.

"Don`t just park your money in defense just to park it in defense and
think the bigger the company the better," he said. "Park your money
in specific areas." Value-hunters, he added, should "look for a
company that has had something bad happen to it recently."

Raytheon Co. had something bad happen to it starting in July 1999,
when its stock hit $76.56. Three months and two disappointing
earnings announcements later, the stock was at $24.25. The stock
was at $29.06 on Friday.

Raytheon is fighting off two lawsuits and struggling to reduce its $10
billion in debt. The company recently announced a slew of new
executive appointments.

Last month, in a highly unusual move, Raytheon cashed out
shareholders with fewer than 20 shares to reduce administration
expenses, and combined two classes of common stock into a single
class of new common stock that began trading May 15.

"They are struggling to emerge from under this credibility cloud,"
Mr. McAleese said, noting that Raytheon is also the lead contractor
in a number of big-ticket programs "where there are major cost,
technical, and schedule issues that are being closely scrutinized."

Additionally, the U.S. Navy just put an indefinite hold the $25 billion
DD-21 destroyer project, which Raytheon was bidding on.

But Mr. Nadol has a long-term buy recommendation on the stock
and said he expected it to reach $43 by the end of next year.

"It`s definitely a higher risk-reward proposition here," he said.

"Bush really wants to push technology and spend more money on
next-generation systems equipment and weapons. Raytheon is really
the defense electronics powerhouse. Their business is particularly
well positioned to take advantage of that trend."

Northrop Grumman Corp. is an example of a company that has
engineered a successful recovery. Northrop stopped focusing on
building warplanes and retooled itself as a manufacturer of
electronic systems and drone aircraft.

The stock was at $88.79 on Friday, up from a low of $43.56 in
March 2000.

Though Mr. McAleese cautioned that the stock may be fully valued,
he said he favored the company`s strategic market position.

"They are without a doubt the world`s best manufacturer of
fire-control radar. Their expertise is so good in their markets they
are able to command market work-share and premium price."

And as a diversified subsystem manufacturer, Northrop is
somewhat immune from the whims of congressional funding.

"The Wall Street community does not perceive them as synonymous
with the F-22 or a program that if it got cut would be devastating to
them," Mr. McAleese said.

Mr. McAleese also singled out DRS Technologies Inc., which
makes focal plane arrays and sensors, and CAE Inc., a Canadian
manufacturer of flight training devices, as leading subsystem
producers.

Mr. Nadol picked General Dynamics Corp., a defense and
aerospace conglomerate, as the "blue-chip of the defense industry."
Despite the company`s decade-long track record of strong earnings
growth and shareholder returns, he said it remained undervalued. Its
shares were at $77.14 on Friday, and Mr. Nadol said he expected
them to reach $90 in a year.

Mr. McAleese and Mr. Nadol both urged investors to look for
takeover candidates. The sector went through a merger binge as the
century ended, which squeezed about a dozen companies into five
big ones, but there are still consolidation opportunities among midtier
companies.

It would be great, Mr. Nadol said, for investors to select takeover
targets, but a lot of the deals in defense involve privately held
companies or pieces of a larger company, making it difficult for an
investor to profit.

Instead, he recommended an acquirer, L-3 Communications Corp.,
which specializes in secure communications systems. Following an
equity offering in late April, the company acquired the defense niche
players EER Systems Inc. and KDI Precision Products Inc.

"I expect them to continue to make announcements over the next
several months," he said. "They`ve been a pretty consistent
consolidator over the last three years in the industry." He has a buy
recommendation on the company and expects the stock, which was
at $87.38 on Friday, to reach $100 in a year.

Mr. McAleese said he liked L-3 in the short term primarily for its
strong management but cautioned that the stock price "already has a
lot of enthusiasm behind it."

Instead, he singled out Rockwell Collins, a leading avionics company
that will soon be spun off from Rockwell International. "Their
technical expertise is so strong it`s just a matter of time before
somebody comes looking for them as an acquisition target," he said.

He also pointed to EDO Corp., which produces electronic,
electromechanical and information systems, including high-end
weapons release systems, as a possible takeover target. Last April,
the company merged with AIL Technologies Inc., and last quarter
net sales more than doubled, to $60.2 million.

"EDO is well-positioned, but it must continue to grow by acquisition
or it will by default become a takeover target," Mr. McAleese said.

The stock has soared this year and was at $17.94 on Friday, up
from a low of $5.75 last summer.

For more information:

CAE Inc. Telephone: [phone]. Web site: http://www.cae.com.

DRS Technologies . Telephone: [phone]. Web site:
http://www.drs.com.

EDO Corp. Telephone: [phone]. Web site:
http://www.edocorp.com.

General Dynamics. Telephone: [phone]. Web site:
http://www.generaldynamics.com.

L-3 Communications. Telephone: [phone]. Web site:
http://www.L-3com.com.

Northrop Grumman. Telephone: [phone]. Web site:
http://www.northgrum.com.

Raytheon. Telephone: [phone]. Web site:
http://www.raytheon.com.

Rockwell Collins. Telephone: [phone]. Web site:
http://www.collins.rockwell.com.

http://www.iht.com/articles/22392.htm

[Gatsby2]

Monday June 18, 10:22 am Eastern Time

Press Release

SOURCE: Raytheon Company

Raytheon Company And Thales Launch Global Joint Venture Focused On Air
Defense Command And Control And Ground-Based Radar

PARIS, June 18 /PRNewswire/ -- Raytheon Company (NYSE: RTN - news) and Thales (Paris: TCFP.PA and London: THS)
today announced that all required U.S. and European regulatory approvals have been obtained for their new joint venture, Thales
Raytheon Systems. Operations began June 1, 2001.

Thales Raytheon Systems is an equally owned transatlantic joint venture encompassing air defense/command and control centers
and ground-based air surveillance and weapons locating radars. The Chairman of Thales Raytheon Systems is Reynald Seznec of
Thales, and the Chief Executive Officer is Phillip George of Raytheon.

The new enterprise has operating subsidiaries in Fullerton, Calif., and in the greater Paris metropolitan area. It has about 1,300
employees worldwide and pro forma revenues of $600 million (675 million euros).

Command and control systems for air operations and air defense, which include surveillance radars and command and control
centers, provide protection against air threats, identify approaching targets, initiate defensive measures as appropriate, and plan and
prepare offensive missions over a specified area. Such systems are linked to airborne sensors, surface- to-air missiles, air bases or
battalions.

Weapons locating radars locate ground positions of artillery, mortars or rockets, providing targeting information to ground forces.

Raytheon Chairman and Chief Executive Officer Daniel P. Burnham said, ``The launch of Thales Raytheon Systems heralds a new
era in transatlantic relations. This joint venture takes us beyond a program-by-program arrangement to one that will create a
long-term, stable relationship of benefit to our customers and our respective companies alike.``

Denis Ranque, Thales Chairman and Chief Executive Officer, said, ``Thales Raytheon Systems is truly a unique initiative. It will
bring together complementary products and the resources of both companies to solve our customers` current problems and to
address their future challenges.``

Raytheon and Thales have in the past successfully collaborated as partners on a number of common projects. For example, in
1996 the companies formed Air Command Systems International (ACSI) to provide NATO with a fully interoperable, common air
operation command and control system to support all offensive and defensive air operations. In December 1997, a
Raytheon-Thales Consortium began work on the FLORAKO air defense system for Switzerland.

Note to Editors: This was initially released at the Paris Air Show earlier today.

Contacts:
Raytheon Company (U.S.) - Dave Shea, 703.284.4245
Raytheon Company (Europe, Middle-East, Africa) - Paul E. Stefens
32.2.778.49.55
Thales - Matt Pothecary, 33.1.53.77.8626

SOURCE: Raytheon Company

[Gatsby2]

Tuesday June 19, 11:07 am Eastern Time

Press Release

SOURCE: Raytheon Company

Raytheon Aircraft Sells 35 Aircraft Through Noon Tuesday Paris Show

LE BOURGET, France, June 19 /PRNewswire/ -- Raytheon Aircraft has taken orders for 35 aircraft through noon on Tuesday,
June 19, 2001 at the Paris Air Show. Included in the airplanes ordered at Paris are:

1 Hawker Horizon super mid-size business jet
14 Hawker 450 light mid-size business jets
1 Beechjet 400A light business jet
10 Raytheon Premier I entry level business jets
2 Beech King Air 350 turboprops
3 Beech King Air B200 turboprops
2 Beech King Air C90B turboprops
2 Beech Baron B58 piston-powered airplanes

Raytheon Aircraft, a subsidiary of Raytheon Company (NYSE: RTN - news), designs, manufactures, markets and supports jet,
turboprop and piston-powered aircraft for the world`s commercial, military, and regional airline markets. It had revenues of 3.2
billion in 2000.

Contact:
Jim Gregory
44 7989 407038

SOURCE: Raytheon Company

[Gatsby2]

Thursday June 21, 10:50 am Eastern Time

Press Release

SOURCE: Raytheon Company

Emirate of Abu Dhabi Selects Raytheon to Provide $30 Million Air Traffic Control System

PARIS, June 21 /PRNewswire/ -- Raytheon Company (NYSE: RTN - news) announced at the Paris Air Show today that the Department of Civil Aviation (DCA)
of the Emirate of Abu Dhabi provided a letter of intent to award Raytheon a contract estimated at $30 million to supply and install air traffic control systems for Abu
Dhabi and Al Ain airports.

Frank Marchilena, president of Raytheon`s Command, Control, Communication and Information (C3I) Systems, said, ``Our goal is to deliver a world-class air traffic
management system to operate at both UAE airports.``

The contract will supply AutoTrac II air traffic management systems along with air surveillance long-range radar; secondary surveillance radar; surface movement
radar and an air traffic control simulator. All civil works and voice communication systems are included.

AutoTrac is a fully integrated open-architecture system that evolved from Raytheon`s more than 30 years of ATC experience. It integrates radar and flight plan data
and displays the most accurate information to air traffic controllers in a logical, easy-to-read manner. It increases controller productivity, reduces fatigue and stress,
and improves reliability.

Under a contract awarded late last year, Raytheon is providing a monopulse secondary surveillance radar (MSSR) to the DCA. More recently, Raytheon provided
an MSSR to the United Arab Emirates (UAE) General Civil Aviation Authority (GCAA). Raytheon has also been awarded a contract to provide an AutoTrac II air
traffic management system to Oman. Oman is currently operating with Raytheon`s AutoTrac I.

Raytheon`s air traffic management facilities in the United States, Canada and the United Kingdom will work in partnership with the Abu Dhabi DCA in completing the
program. These new programs in the UAE and Oman, along with systems in Jeddah, Dubai and Bahrain, represent a significant presence for Raytheon`s air traffic
management systems in the Gulf region.

With headquarters in Lexington, Mass., Raytheon Company is a global technology leader in defense, government and commercial electronics, and business and
special mission aircraft.

Contact: Blanche Necessary 202-314-3780

SOURCE: Raytheon Company

[Gatsby2]

Friday June 22, 9:53 am Eastern Time

Press Release

SOURCE: Raytheon Company

Raytheon awarded German Very Advanced Air Traffic Control Automation System (VATCAS) Contract Valued in Excess of $20 Million

PARIS, June 22 /PRNewswire/ -- Raytheon Company (NYSE: RTN - news) has been
awarded the Very Advanced Air Traffic Control Automation System (VATCAS) contract by
Deutsche Flugsicherung GmbH (DFS) of Germany. The contract, valued in excess of $20
million, will be developed over 20 months as the cornerstone of DFS` strategic program for
transition to very advanced air traffic management. VATCAS provides the system
architecture and strategic platform to ensure interoperability and future expansion under DFS`
Very Advanced Flight Data Processing Operational Requirements Implementation
(VAFORIT) program.

The contract was signed today by Dieter Kaden, chief executive officer of DFS, and Frank
Marchilena, president of Raytheon`s Command, Control, Communication and Information
Systems business area. ``DFS is a key customer for Raytheon. The VATCAS program
reaffirms Raytheon`s long standing commitment and partnership with DFS,`` Marchilena said.
Kaden said, ``This contract underlines DFS` commitment to the common goal to further
improve our relationship as it has been laid down in the Memorandum of Cooperation signed
late last year. DFS is confident to have a competent partner for the VATCAS realization at
their side.``

VATCAS and DFS` very advanced flight data processing system and displays make up the
VAFORIT program. Designed to increase capacity and enhance safety, VAFORIT will allow
DFS to manage growing air traffic levels. The system will provide the transition of Germany`s
airspace from the advanced level of capability as defined by the European Civil Aviation
Conference to the very advanced level. Benefits of the new system include highly accurate
aircraft position information, comprehensive situational awareness and a strip-less environment.

The VATCAS award continues a long successful history of cooperation between Raytheon
and DFS. VATCAS builds on the capability established under the P1 Air Traffic Control
Automation System (ATCAS). Operating flawlessly since it was put into operation in Langen
in 1999, the P1 ATCAS system will continue to be enhanced during the parallel development of
VATCAS.

``Raytheon is pleased to pursue this opportunity with DFS and play a key role in the modernization of Germany`s air traffic
management system,`` said Dave Mackenzie, Raytheon`s manager of DFS programs.

A leader in multi-site program development, Raytheon plans to perform the work under the program at the company`s
Marlborough, Mass., and Fullerton, Calif., facilities. The development team will also include DFS` software development team in
Langen, Germany, and Terma Elektronik AS in Copenhagen, Denmark.

With headquarters in Lexington, Mass., Raytheon Company (NYSE: RTN - news) is a global technology leader in defense,
government and commercial electronics, and business and special mission aircraft.

Contact:
Blanche Necessary
202-314-3780

SOURCE: Raytheon Company

[Gatsby2]

Manche Geschichten scheinen sich vortrefflich dazu zu eignen, monatelang schlechte Nachrichten hervorzubringen. Zum Beispiel diese:

Tuesday June 26, 7:18 pm Eastern Time

Press Release

SOURCE: Raytheon Company

Raytheon Sees Higher Costs to Complete Two Massachusetts Construction Projects

LEXINGTON, Mass., June 26 /PRNewswire/ -- Raytheon Company (NYSE: RTN - news)
today announced that it has several preliminary estimates of the cost to complete two
Massachusetts construction projects for Sithe Energies Inc., that were abandoned by
Washington Group International (WGI) and which Raytheon is completing pursuant to
performance guarantees. Some of these preliminary estimates assume significant increases in
liquidated damages, construction management costs and project contingencies, which would
cause the total liability to be higher than the March 2001 estimate. Raytheon now expects the
eventual liability on these two projects to range between $450 million and $700 million,
compared to the earlier estimate of $325 million.

Raytheon has assembled a team of project management experts to conduct critical reviews of
the construction schedule associated with each of the estimates it has received. Optimizing the
construction schedule would have a material favorable impact upon the size of any incremental
charges related to the Sithe projects.

``What is most important is that the Raytheon team focuses its full attention on getting these
projects back on schedule in order to minimize the impact of WGI`s abandonment,`` said Daniel
P. Burnham, Raytheon`s chairman and chief executive officer. ``Further precision with respect
to both timing and cost will require completion of a more refined construction schedule.``

As previously disclosed, Raytheon sold its engineering and construction business to WGI on
July 7, 2000, and had guaranteed performance of certain projects to the project owners. WGI
announced in March 2001 that it had severe liquidity problems. Raytheon took over
performance of the two Sithe projects in March 2001, following the abandonment and default
by WGI of its obligations with respect to those projects. Raytheon previously disclosed a
potential liability of up to $450 million for 50 construction projects for which it has performance
guarantees, including $325 million for the two Sithe projects. As was described at the time,
Raytheon`s analysis was based on estimates provided by WGI of the cost to complete them.

Under the sale agreement for Raytheon`s former engineering and construction business, WGI
is required to indemnify Raytheon for all amounts expended by Raytheon to complete the
projects, and Raytheon is entitled to full cash reimbursement for these amounts and full set-off
against any WGI claims against Raytheon. Due to the bankruptcy filing by WGI, Raytheon
does not intend to recognize for accounting purposes the value of its claims against WGI, although it intends to pursue all avenues
to maximize its recovery.

With headquarters in Lexington, Mass., Raytheon Company is a global technology leader in defense, government and commercial
electronics, and business and special mission aircraft.

Note: Raytheon will hold a teleconference beginning at 8:00 a.m. EDT to review the Sithe projects and other issues related to its
former engineering and construction business on June 27. The dial in number for the call is 212- 231-6022. There will also be a live
webcast of the call available at http://www.raytheon.com.

Forward-looking statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act
concerning the company`s financial results, future plans, objectives and expected performance. Specifically, statements in this
release that are not historical facts, including statements accompanied by words such as ``believe,`` ``expect,`` ``anticipate,``
``estimate,`` ``intend,`` or ``plan`` 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. Important factors that
could cause actual results to differ include, but are not limited to: the effects of WGI`s bankruptcy filing; the final determination by
the company of the required expenditures to complete the projects, the confirmation of the actual physical progress completed at
the time of WGI termination, the impacts associated with the re-mobilization of the projects and WGI compliance with its
contractual obligations and cooperation with Duke Fluor Daniel in its assumption of the construction activities. Further information
regarding the factors that could cause actual results to differ materially from projected results can be found in the company`s most
recent filings with the Securities and Exchange Commission, including Raytheon`s Form 10-K for the year ended December 31,
2000 and Form 10-Q for the quarter ended April 1, 2001.

Contacts:
David Polk (News Media)
781.860.2386

Timothy Oliver (Investor Relations)
781.860.2167

SOURCE: Raytheon Company

[Gatsby2]

Downgrades

... von Dresdner Kleinworth (von add auf hold) und vielleicht auch Moody`s. Letzteres wäre besonders bitter, denn Moody`s haben Raytheon dieses Jahr schon einmal heruntergestuft.

Wednesday June 27 2:02 PM ET

Moody`s May Cut Raytheon Senior Debt

NEW YORK (Reuters) - Moody`s Investors Service said on Wednesday
it may cut the senior debt of Raytheon Co. (NYSE:RTN - news) to junk
status, one day after the No. 3 U.S. defense contractor warned it may
spend $450 million to $700 million to finish two Massachusetts
construction projects.

The rating agency said it may cut Raytheon`s ``Baa3`` senior debt and
``Prime-3`` short-term debt ratings, its lowest investment grades. Moody`s
said its ratings affect about $13 billion, and its action means a downgrade
could follow within three months. Downgrades to junk ordinarily raise
borrowing costs and force investors not permitted to own junk to sell.

Moody`s said its review followed Raytheon`s announcement that its liability to Boise, Idaho-based
Washington Group International Inc. (NYSE:WGI - news) for completing the projects for Sithe Energies
Inc. would exceed the original $325 million estimate. Washington Group filed for Chapter 11 bankruptcy
protection in May, and is suing Raytheon to rescind its purchase last year of Raytheon`s construction
group.

Moody`s said it will assess Lexington, Massachusetts-based Raytheon`s outlays, the company`s efforts to
cut debt, and Raytheon`s operating and cash flow performance ``which, despite some improvements, is
still at low levels.``

Another rating agency, Standard & Poor`s, rates Raytheon`s debt ``BBB-minus,`` its lowest investment
grade, with a negative outlook. Raytheon shares traded Wednesday afternoon on the New York Stock
Exchange (news - web sites) at $27.15, down $1.91, or 6.6 percent.

[Micky_Maus]

Auweia, -5,7% heute

Kursziel 40$? Davon müssen wir uns erst mal verabschieden. Wenn selbst Bush`s Aufrüstungsprogramm nicht hilft, dann ist doch was faul in dem Laden. Nur Northrop Grumman konnte heute stattlich zulegen.

[Gatsby2]

Nach den gestrigen Downgrades geht es auch heute wieder mit hohem Volumen nach unten.

Und weiter geht auch der Ausverkauf der Kronjuwelen. Nachdem General Dynamics und zwei Venture Capital Gesellschaften abgewunken hatten, wurde heute der Teilverkauf von Raytheon Aircraft an Veritas Capital vollzogen.

Thursday June 28, 11:51 am Eastern Time

Press Release

SOURCE: Raytheon Company

Raytheon Completes Divestiture of a Majority Stake in its Aviation Support Business to Veritas Capital

LEXINGTON, Mass., June 28 /PRNewswire/ -- Raytheon Company (NYSE: RTN - news) today announced that it has finalized
the divestiture of a majority interest in its aviation support business, Raytheon Aerospace Company, to Veritas Capital Inc. The
companies announced the divestiture on April 6, 2001.

Under terms of the final agreement, Raytheon received $270 million in consideration, including a $157 million cash payment at
closing. Raytheon also retains $47 million of receivables and $66 million of preferred and common equity in the business. Veritas
acquired 73.5 percent ownership of the business with Raytheon retaining 26.5 percent.

With headquarters in Lexington, Mass., Raytheon is a global technology leader in defense, government and commercial
electronics, and business and special mission aircraft.

Contact:
Amy Hosmer
781.860.2423

SOURCE: Raytheon Company

[Gatsby2]

Mittwoch, Donnerstag, und heute geht es weiter: Downgrades für Raytheon.

Monday July 2, 12:00 pm Eastern Time

RESEARCH ALERT-Banc of America cuts Raytheon target

NEW YORK, July 2 (Reuters) - Banc of America Securities on Monday cut its earnings estimates for Raytheon Co.
(NYSE:RTN - news), saying it expects the company to report a drop in profits plus a restructuring charge at its aircraft operation.

Banc of America analyst Nick Fothergill also lowered his 12-month price target on Raytheon`s shares to $30 from $34.

Fothergill now expects Raytheon to report 2001 earnings of $1.50 per share, down from an earlier estimate of $1.62. Banc of
America also cut estimates for 2002 and 2003 by 9 percent.

Banc of America also noted Raytheon`s ongoing battle with Washington Group International over an asset sale last year.
Raytheon has taken charges against earnings related to that fight and Fothergill said the company could announce another $339
million in pretax charges in the second half of the year.

Still, Banc of America reiterated its buy rating on Raytheon shares, noting that 80 percent of the company`s operating profits are
generated from the core defense electronics business. That area, along with ballistic missile defense, places the company in a
position to benefit from new Pentagon spending plans.

[Gatsby2]

Monday July 2, 6:58 pm Eastern Time

Washington Group says Raytheon owes $469 mln

(UPDATE: Adds details, background)

BOISE, Idaho, July 2 (Reuters) - Construction company Washington Group International Inc. on Monday said it submitted
financial documents showing Raytheon Co. (NYSE:RTN - news) owes the company $469 million in purchase price adjustments
related to the ongoing battle over an asset sale last year.

That far exceeds Raytheon`s estimate of $13.9 million in purchase price adjustments on the sale of its former
Raytheon Engineers & Constructors subsidiary.

Washington Group, in response to documents Raytheon sent to a district court, said the defense contractor
understated costs, prematurely recognized revenue and failed to provide for contingency costs on 31 former
projects that were sold as part of the Raytheon Engineers & Constructors business.

Specifically, Washington Group said Raytheon understated costs and failed to provide for contingency costs on
the San Roque multipurpose project in the Philippines, failed to provide for liquidated damages and understated
subcontractor costs on the Damhead Creek power project in Britain, and understated instrumentation, project
and painting costs on the Pine Bluff project.

The company said adjustments on those projects, coupled with what Washington Group said were ``material
omissions`` by Raytheon on 28 other projects, total $416 million.

That represents about 90 percent of the $469 million purchase price adjustment submitted by Washington Group, the company said.

Lexington, Mass.-based Raytheon was not immediately available to comment.

The ongoing battle has taken a toll on both companies, causing Raytheon to take charges against its earnings. Washington Group has filed suit against Raytheon and
says its liquidity problems are related to the dispute.

On June 1, the District Court of the Fourth Judicial District of the State of Idaho ordered Raytheon to produce two balance sheets for its former engineering unit.

Raytheon complied on June 5 and said the balance sheets reflected an increase of about $13.9 million to the final purchase price.

Raytheon said the first balance sheet was prepared according to generally accepted accounting principles but was submitted in unaudited form because Washington
Group failed to provide necessary information.

The second balance sheet, according to Raytheon, implemented specific adjustment and accounting methodologies agreed to by the companies, serving as the basis
for adjustments to the purchase price.

The U.S. Bankruptcy Court will determine any the distribution of any cash adjustment to which Washington Group may be entitled as part of the construction
company`s financial restructuring, Washington Group said.

[Micky_Maus]

Sehr unschöner Artikel über Raytheon in der F.A.Z. vom 13.7.:
Australien beugt sich Amerikas Druck

Ein 300 Mio DM schwerer Rüstungsauftrag des australischen Verteidigungsministeriums, den einem Wettbewerb zufolge eigentlich die zur Rheinmetall-Detec-Gruppe gehörende STN Atlas Elektronik für sich gewinnen konnte, ist doch noch geplatzt, nachdem die Vereinigten Staaten politischen Druck ausübten und drohten, keine moderne Waffentechnik mehr zu liefern. Der eigentlich unterlege US-Konzern Raytheon kommt nunmehr zum Zuge und erhält den Auftrag. In 6 Ubooten der Collins-Klasse sollten die vorhandenen amerikanischen Führungs-und Einsatzsysteme ersetzt werden. Ein unabhängiges australisches Gremium sprach sich für das deutsche Produkt aus.
Rheinmetall behält sich Schadensersatzklage vor, da bereits 80 Mio DM in Ausschreibung, Techniker vor Ort sowie Prototypen der Software für australische Uboote entwickelt wurden.

[Micky_Maus]

Im 2.Quartal 19 Cents Verlust je Aktie bei Raytheon (Vorjahr 14 Cents Gewinn)


LEXINGTON, Mass., July 18 (Reuters) - Raytheon Co. (NYSE:RTN),
the nation`s third-largest defense contractor, on Wednesday
posted a net loss for the second quarter despite higher sales
after taking $184 million in charges against earnings.
But excluding discontinued operations, operating earnings
rose as strength in defense businesses offset softness in
commercial markets.
Raytheon, maker of the Patriot missile, strike systems and
business aircraft, reported a net loss of $67 million, or 19
cents per share, for the quarter, compared with a profit of $49
million, or 14 cents per share, a year ago.
The results included charges of 52 cents per share related
to discontinued operations and the ongoing legal battle with
construction firm Washington Group International over last
year`s sale of Raytheon`s former engineering unit.
Excluding those items, Raytheon posted an operating profit
of $117 million, or 33 cents per share, versus earnings of $95
million, or 28 cents per share, in the second quarter of 2000.
That met Wall Street`s targets. Analysts, on average, had
pegged Raytheon at an operating profit of 31 cents per share,
with estimates ranging from 29 cents to 34 cents per share,
according to tracking firm Thomson Financial/First Call.
The company also said it would report full-year operating
earnings of $1.55 to $1.60 per share, falling within current
estimates. Analysts forecast a profit of $1.59 per share for
the full year with expectations ranging from $1.55 to $1.65 per
share.
Sales for the second quarter rose 4 percent to $4.3 billion
from $4.1 billion a year ago.
"Despite difficult and uncertain market conditions in our
commercial businesses, our defense core is strong," said Daniel
Burnham, chairman and chief executive. "We`ve made significant
progress toward reducing debt through operational efficiency,
selling non-core businesses and our recent equity offering."

DEFENSE GAINS
Raytheon`s Electronic Systems operation generated sales of
$2.0 billion, up 14 percent from the second quarter of 2000.
The company`s Command, Control, Communication and Information
Systems reported a 10 percent increase in sales on higher
volume in classified programs.
On the down side, the company`s aircraft integration
systems business, along with commercial electronics and
aircraft operations, all saw sales fall, compared with a year
ago.
Raytheon ended the quarter with backlog totaling $25.9
billion, up slightly versus the $25.4 billion reported in the
second quarter last year.
Net debt at the end of the quarter was $8.3 billion,
compared with $10.1 billion at the end of the second quarter of
2000.

ONGOING BATTLE
Raytheon recorded a loss from discontinued operations of
$184 million after tax during the second quarter.
The loss consisted of $125 million pretax related to two
Massachusetts construction projects that Raytheon had sold to
Washington Group International as part of a larger asset sale
last year.
Washington Group walked off those projects earlier this
year, alleging Raytheon withheld key financial information
about the projects. The construction company has since blamed
Raytheon for its liquidity crisis and filed suit against the
defense contractor.
Raytheon said the second-quarter charges also included $71
million pretax related to the impact of certain retained assets
resulting from Washington Group`s bankruptcy, $45 million
pretax on other guaranteed projects and $40 million pretax for
cost growth on four international turnkey projects that
Raytheon retained as part of the sale of its engineering and
construction business to Washington Group.
Shares of Raytheon closed Wednesday up 15 cents at $26.00,
off a year high of $36.68.
The stock has gained ground over the last year,
outperforming the broad-based Standard & Poor`s 500 index,
which has dropped 19 percent during the period. It has traded
roughly in line with its peers, as measured by the S&P
aerospace and defense index.

Copyright 2001, Reuters News Service

[Gatsby2]

Die Aktie finde ich schon seit geraumer Zeit nicht mehr so interessant, aber diese Nachricht dürfte nicht nur Autofans, sondern auch die Aktionäre von DCX -Daimer baut an einem ähnlichen System- interessieren:

Reuters Company News
Valeo and Raytheon to make radar systems for cars
Friday September 27, 1:57 pm ET

PARIS, Sept 27 (Reuters) - French car parts maker Valeo (Paris:VLOF.PA - News) and
defence electronics and missiles maker Raytheon (NYSE:RTN - News) said on Friday
they were teaming up to make radar equipment designed to help car drivers avoid
collisions.

A joint venture to be called Valeo Raytheon Systems Inc will draw on military technology
to help drivers watch the blind spots on their vehicles as well as introduce anti-collision
warning systems, the companies said in a joint statement.

Their first product will be a Blind Spot Detection System based on Raytheon`s
multi-beam technology, according to the statement released to coincide with the Paris
auto show.

The companies gave no financial details on the venture.

[Gatsby2]

Gestern 500 Kündigungen und ein Downgrade, und heute geht`s gleich "gut" weiter:

Reuters Company News
Ex-German soldiers sue U.S. companies over cancer
Tuesday October 8, 6:39 pm ET

EL PASO, Texas, Oct 8 (Reuters) - Hundreds of former German soldiers with cancer
they claim was caused by radar equipment made by U.S. companies including
Raytheon on Tuesday filed a lawsuit seeking damages in state district court in El Paso.

Enrique Moreno, one of the lawyers representing the soldiers, said
450 military personnel from the German Bundeswehr and other NATO
forces, were seeking compensation for damages, including leukemia and other
cancers, they claim was caused by poor protection against radiation.

According to court papers, the lawyers claim soldiers working on U.S.-made radar
equipment between 1958 and 1994 were suffering from cancer because of "inadequate
shields that transmitted dangerous amounts of X-ray radiation."

Moreno said the soldiers were not told to wear protective clothing or to limit the time
they worked with the equipment. Many of the soldiers trained in the west Texas area of
El Paso on Patriot missiles and related equipment.

The companies named in the suit were Raytheon Co. (NYSE:RTN - News), ITT
Industries (NYSE:ITT - News), General Electric Co. (NYSE:GE - News), Lucent
Technologies (NYSE:LU - News) and Honeywell (NYSE:HON - News).

Former German soldiers sued the German government in March seeking compensation
for damages they say they suffered from operating military radar made by U.S.
companies.

Moreno would not say how much the soldiers are seeking in the El Paso suit, but added
that the limits of the awards are between $1 million and $2 million per person.

"This thing has been kicking around for a while," said Dave Shea, Raytheon
spokesman.

He said the lawsuit involves the Patriot missile.

[Banane123456]

Donnerstag, 10. Oktober 2002
Erste Vollmacht für Bush
Richtung Irak-Krieg

Das US-Repräsentantenhaus hat Präsident George W. Bush zu einer möglichen Militäraktion gegen Irak ermächtigt. Die entsprechende Resolution wurde am Donnerstag in Washington mit der klaren Mehrheit von 296 gegen 133 Stimmen verabschiedet. Das Votum des Senats über die Entschließung stand noch aus, sollte aber möglicherweise noch am Abend (Ortszeit) folgen. Auch im Oberhaus des US-Kongresses zeichnete sich eine Mehrheit für die Resolution ab.

Die Entschließung ermächtigt den Präsidenten zum Einsatz von Gewalt gegen Irak, wenn er alle friedlichen Mittel für ausgeschöpft hält, den irakischen Machthaber Saddam Hussein zum Verzicht auf seine vermuteten Massenvernichtungswaffen zu zwingen. Der Präsident wird zwar aufgefordert, für das Vorgehen gegen Irak den Konsens mit der internationalen Gemeinschaft zu suchen. Doch wird dies nicht zur zwingenden Vorgabe gemacht. Außerdem wird der Präsident verpflichtet, spätestens 48 Stunden nach Beginn eines Angriffs auf Irak den Kongress darüber zu informieren.

[Banane123456]

George Trouble You Bush

[Gatsby2]

Na, wie schön, daß die Welt dann wenigsten 48 Stunden nach Georgie`s Entscheidung auch noch erfahren darf, was unser kleiner Spritkopp zu entscheiden geruhte.



Übrigens:

Press Release
Source: Raytheon Company


U.S. Navy Awards Raytheon $36 Million Contract for Tactical Tomahawk
Wednesday October 9, 2:25 pm ET

TUCSON, Ariz., Oct. 9 /PRNewswire-FirstCall/-- The U.S. Navy awarded Raytheon
Company (NYSE: RTN - News) a $36 million fixed price incentive contract for the Low
Rate Initial Production (LRIP) of the Tactical Tomahawk.

The contract calls for the production and delivery of 25 Tactical Tomahawk All-Up
Round missiles.

"This award is the direct result of the outstanding success of the first flight
demonstration on Aug. 23," said Louise Francesconi, president, Raytheon Missile
Systems, Tucson, Ariz. "I am proud of the progress that the joint Raytheon-U.S. Navy
team has made in taking us one step closer to Fleet introduction."

Tomahawk, the surface- and submarine-launched, precision strike stand-off weapon, is
the Navy`s weapon of choice for critical, long-range precision strike missions against
high value, heavily defended targets.

Tactical Tomahawk will incorporate innovative technologies to provide new operational
capabilities while dramatically reducing acquisition and life cycle costs. Scheduled for
fleet introduction in 2004, the Tactical Tomahawk will cost less than half of a newly built
Block III missile and will have the capability to respond to changing battlefield conditions
through the use of its loiter and mission flex features.

With headquarters in Lexington, Mass, Raytheon is a global technology leader in
defense, government and commercial electronics, and business and special mission
aircraft.

[Banane123456]

Selam Saddam

oder: Hoffentlich verbrennt sich "George Trouble You" nicht die Finger

[Gatsby2]

Press Release
Source: Raytheon Company


Raytheon Discloses Third Quarter 2002 Outlook
for Discontinued Operations; Reaffirms Prior
Third Quarter Guidance for Continuing
Operations
Friday October 11, 4:45 pm ET

LEXINGTON, Mass., Oct. 11 /PRNewswire-FirstCall/ -- Raytheon Company (NYSE: RTN
- News) and its turbine vendor are pursuing a solution to fix a previously disclosed
issue that developed approximately three weeks ago on turbines on the two
Massachusetts power projects that the company is completing. The modifications
involve changing combustor baskets and liners to a different configuration. This will
have an impact on the schedule for performance testing, particularly at the Mystic
Station site in Everett, Mass.

In addition, the latest schedule outlook for the two projects has been hurt by a
productivity level that has not met the company`s expectations and has increased the
risk with respect to the cost estimate on the projects. The company`s preliminary
assessment indicates a potential cost impact in the range of $70 million - $75 million.
The company will finalize this estimate and discuss the details on Oct. 24, 2002, during
its quarterly conference call. As has been the case, bringing these complex projects to
conclusion involves additional risks, the most significant of which is the uncertainty with
the turbines.

Construction continues in all areas of both the Mystic Station plant and the Fore River
plant, in Weymouth, Mass. The number of construction workers is being reduced each
week as construction moves forward toward completion. Construction is approximately
91% complete at Mystic and 84% complete at Fore River. Startup and commissioning
activities are also continuing in all areas leading up to the firing of the turbines, which
will need to be modified, as described above, before firing can take place. Significant
progress continues to be made on oil flushing for Mystic Block 9. The first fire of Block
9 is now anticipated to be early December and late November at Fore River. This would
support a performance test by mid January 2003 for both projects.

Under the contract, if the Mystic plant is not accepted by January 14, 2003, a liquidated
damages payment of $68.1 million will be required. This payment pre-funds the
liquidated damages to the maximum amount specified by the contract. This would be a
cash event with the ultimate cost impact being a function of the number of days past
January 14, 2003 a successful performance test takes place, at the contractual rate of
$410,000 per day. There is a similar provision in the Fore River contract requiring a
cash payment of $59.8 million on February 25, 2003. In the case of Fore River, the
final cost impact would be assessed at $180,000 per day for each day a successful
performance test is delayed past February 25, 2003. In both cases, Raytheon expects
to recover the difference between the pre-funded payment and the actual liquidated
damages incurred based on successful completion of performance testing.

Red Oak Project

As disclosed previously, final reliability testing continues and punch list items are being
completed. The company expects the completion of these closeout activities will result
in an increase to the final project costs as shown in the table below.

Ratchaburi Project

The final power island, Block 3, is finishing testing. The company expects formal
turnover will occur before the end of October following the commissioning of Blocks 1
and 2, which is now taking place. The final closeout activities are expected to result in
an increase in the project costs, as shown below.

Project Management Office & Other Costs

As disclosed previously, there are costs associated with the program management
organization that represent $7 million - $8 million per quarter. The company also
continues to allocate a portion of its interest costs to discontinued operations,
consistent with the estimated cost of funding its engineering and construction
obligations. This is expected to be approximately $21-$22 million per quarter through
2002.

Discontinued Operations
($ Millions)

Q3 2002 Estimated costs:

Mystic/Fore River $70 - 75
Red Oak 14 - 15
Ratchaburi 3 - 4
Interest 21 - 22
PMO 7 - 8

Gross Range $115 - 124

Tax effect (40 - 43)

Net Range $75 - 81



Continuing Operations

The company expects to meet its previously disclosed guidance for 2002 third quarter
earnings from continuing operations of $0.56 per diluted share. At the end of the
quarter, the company`s net debt was approximately $6.2 billion, $0.6 billion better than
its planned net debt level of $6.8 billion.

With headquarters in Lexington, Mass., Raytheon Company is a global technology
leader in defense, government and commercial electronics, and business and special
mission aircraft.

Forward-Looking Statements

Certain statements made in this release, 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: the performance of critical subcontractors
and suppliers; the timing of project completion and customer acceptance of the
Massachusetts Projects; the timing and cost associated with the ultimate resolution of
the turbine combustor issues at the Massachusetts Projects; the company`s lack of
construction industry expertise resulting from the company`s sale of RE&C; the
continued decline of craft labor productivity at the Massachusetts Projects; the
company`s inability to recover amounts required to be paid in connection with
pre-funded liquidated damages; risks inherent with large long-term fixed price
contracts, particularly the ability to contain cost growth; and the ultimate resolution of
contingencies and legal matters. 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 and in the company`s Quarterly Reports on Form 10-Q for the quarters ended
March 31, 2002 and June 30, 2002.

[Gatsby2]

Reuters
Raytheon unveils solid-state laser weapon push
Thursday October 24, 2:42 pm ET
By Jim Wolf

WASHINGTON, Oct 24 (Reuters) - Raytheon Co. (NYSE:RTN - News) said Thursday it was
spending heavily on a new generation of solid-state lasers and other speed-of-light weapons
that could be fielded by U.S. warships, fighter aircraft and Army vehicles as early as 2010.

"All the parts of our company have really rallied together to put a focus on this," said Michael
Booen, a vice president for so-called directed energy weapons at Raytheon`s Missile Systems
unit in Tucson, Arizona.

At a press briefing to publicize progress in the underlying technology, Booen said the company
had put "major profit dollars" into internal research and development as part of what he called a
major strategic initiative.

Solid-state lasers could offer the military many advantages over chemical lasers, which are
bulky and require large stocks of corrosive and toxic chemicals to power them.

But high-energy chemical lasers, such as one being built aboard a modified Boeing Co.
(NYSE:BA - News) 747-400F freighter, already generate multi-hundred kilowatts of power,
compared with only two kilowatts or so by the current generation of their non-chemical cousins.

Boeing is developing a so-called Airborne Laser aircraft under a $1.3 billion contract awarded in
1996 as a missile defense project.

Its on-board oxygen iodine laser is designed to fry ballistic missiles -- such as SCUDs used by
Iraq during the 1991 Gulf War -- in their "boost" phase, or near their launch point. The Air Force
envisions a fleet of seven such aircraft for rapid deployment anywhere around the globe to
defend against ballistic missiles.

Another big defense contractor, Cleveland, Ohio-based TRW Inc. (NYSE:TRW - News), has
demonstrated a high-energy deuterium fluoride laser built for Israel and the U.S. Army to shoot
down short-range threats such as Katyusha rockets. It is loaded into several semi-trailer sized
containers.

The technology being worked on by Raytheon involves a kind of paradigm shift, said Chan
McKearn, project manager of a program aiming to put a high-energy solid-state laser aboard
Lockheed Martin Corp.`s (NYSE:LMT - News) next-generation F-35 Joint Strike Fighter aircraft.

"The stage is set for development of weapon class solid-state lasers," McKearn told the press
briefing. He cited advances in high-brightness laser diode pumps, low-heat laser materials and
proprietary mirrors that refocus distorted light beams after they go through a power amplifier.

Booen and McKearn said Raytheon planned to develop a compact 25-kilowatt solid-state laser
by the end of 2004 as part of an Air Force advanced research competition likely to pit it against
TRW among others.

"Probably a few years after that, we`ll be at 100 (kilowatts)," Booen said. By the end of this
decade, he added, "we`ll be putting these things on fighters, Navy ships and Army vehicles."

"It`s got the support of the CEO. It has the support of the president of the company. It has the
support of the presidents of the business units," he said.

Booen declined to say how much was being earmarked for the research by Raytheon, a
Lexington, Massachusetts-based maker of missiles and weapons control system.

He said the U.S. military was thirsting for such "ultra-precision" weapons to limit civilian
casualties and to defend against small high-speed threats such as sea-skimming cruise
missiles.

"I don`t think it`s Buck Rogers anymore," he said. "I think it`s reality."

[Banane123456]

Nachrichten: Raytheon meldet für das dritte Quartal Gewinne
Datum: 24.10.2002 08:00:46 Westeuropäische Sommerzeit
Von: [e-mail]
Internet-eMail: (Details)



Der amerikanische Rüstungskonzern Raytheon hat gestern für das vergangene Quartal einen Gewinn ausgewiesen. Dies sei vor allem auf die gestiegene Nachfrage nach militärischen Produkten zurückzuführen.
Den Angaben zufolge lag der Profit im dritten Quartal bei 147 Mio. Dollar oder 36 Cents je Aktie. Im Vorjahreszeitrum fiel noch ein Verlust von 285 Mio. Dollar oder 79 Cents je Aktie an.

Der Umsatz legte von 3,8 Mrd. Dollar auf 4,1 Mrd. Dollar zu. Diese Zahlen konnten die Erwartungen der Analysten erfüllen.

Für das Gesamtjahr geht das Management jetzt von einer Gewinnspanne von 2,10-2,15 Dollar je Aktie aus. Bisher lag die Range bei 2,10-2,20 Dollar je Aktie.

[Micky_Maus]

Seit dem 11.9. sind ja viele im Board auf die Rüstungsaktien gesprungen, besonders Lockhhed Martin.

Raytheon dagegen hat nicht wirklich profitiert. Nun sind wir nahe am AllTimeLow, und das bei einem nahenden Golfkrieg.

Soll man jetzt in RTN gehen oder nicht? Was passiert wohl, wenn es doch nicht zum (von US-Militärs) heiß ersehnten Krieg kommt? Oder wenn er zu schnell vorüber ist?

Fundamental spricht leider nicht so viel für Raytheon. Trotz kleinerer Mio-Aufträge mal hier & da, das Unternehmen hat die Prognosen selber gesenkt. Zudem drücken 6 Mrd. $ Schulden.

Raytheon beim Kurs von 28$ ist schlappe 11 Mrd $ wert.

[Gatsby2]

Micky, wie schön, mal wieder was von Dir zu lesen.

Wie Du weißt, habe ich mich längere Zeit mit Raytheon befaßt und auch ein bißchen Gewinn damit gemacht.

Aber aus heutiger Sicht bin ich bei RTN zunehmend skeptisch, denn die Finanzen von dem Laden sind in einer solchen Weise undurchsichtig, wie ich sie so sonst nicht erlebt habe. Das ist teilweise verständlich, denn Projekte, die im Interesse der nationalen Sicherheit stehen, dürfen in USA -ähnlich wie nach deutschem Recht- nicht bilanziert werden. Bei Raytheon erstreckten sich die Mauscheleien allerdings auch auf die Passivseite, und das in einem Maße, daß sie nicht zum ersten Mal Ärger mit der SEC bekamen. Die heutige Nachricht spricht Bände:

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Reuters
Raytheon CFO Resigns, Replaced by Pliner
Wednesday December 11, 8:13 am ET


LEXINGTON, Mass. (Reuters) - Raytheon Co. (NYSE:RTN - News) said on Wednesday Chief Financial Officer Frank Caine, recently sanctioned by the Securities and Exchange Commission, resigned, ending a contentious period during which the firm failed to capitalize on boom times for military equipment makers.

Raytheon, the maker of the Tomahawk and Patriot missiles, said Edward Pliner would replace Caine. Pliner, 44, has been Raytheon`s vice president and corporate controller since April 2000.

The U.S. Securities and Exchange Commission recently sanctioned Raytheon and Caine for allegedly violating its fair disclosure rule, which is designed to keep companies from giving out important information to Wall Street analysts and big investors ahead of the general public.

Raytheon, one of the first companies cited under the rule, did not pay a fine or admit wrongdoing but agreed to an order to refrain from violating the rule in the future.

The case stemmed from a series of telephone conversations Caine and other company executives had with stock analysts in early 2001 about the company`s first quarter outlook, sources familiar with the case have said. Many analysts cut first-quarter profit forecasts for Raytheon after talking with Caine in March 2001.

Caine, 52, joined Raytheon in April 1999.

Raytheon, which has been saddled with charges from its discontinued engineering and construction business, recently snapped a string of six consecutive quarterly losses with its third-quarter profit report. The slumping economy and lagging travel industry also have cut into profits at Raytheon`s commercial businesses.

Rival defense contractors have been reporting bumper profits since the Sept. 11, 2001 attacks on the United States put a spotlight on the industry and boosted support for government spending on the military.

Raytheon is operating under a new business structure, put in place in August to streamline its operations and make its businesses more accountable to top leadership. The restructuring included changes to the company`s electronic systems division, as well as its command, control and communications division.

[Gatsby2]

Nachdem Raytheon gestern etwa eine Stunde nach Bekanntwerden des Rücktritts ihres CFO einen namhaften Ethikwissenschaftler zur Verbesserung der betrieblichen Arbeit angeheuert hat, hielt CEO Daniel Burnham heute eine bewegte Ansprache zu diesem Thema. Unbestätigten Gerüchten zufolge soll er sogar geweint haben.

Raytheon CEO Calls for Openness
Thursday December 12, 1:08 pm ET
By Svea Herbst-Bayliss


BOSTON (Reuters) - Raytheon Co. (NYSE:RTN - News) CEO Dan Burnham called for corporate openness and transparency on Thursday, one day after the defense contractor`s CFO resigned following a U.S. sanction for violating disclosure rules.

Burnham, who is also Raytheon`s chairman, did not elaborate on the reasons that Chief Financial Officer Frank Caine, who allegedly discussed the company`s outlook with Wall Street analysts before telling the public, resigned.

"Frank submitted his resignation and he contributed enormous value to the firm," Burnham said, when asked to speak about this week`s unexpected management shake-up.

Caine worked closely with Burnham to integrate assets that the Lexington, Massachusetts-based firm bought in the late 1990s, and to make its financial statements clearer to investors.

"We are an organization of 77,000 people and there will always be issues and challenges. Do you create a culture of openness and transparency where people feel comfortable confronting challenges? That`s what we are striving for," Burnham said.

He spoke with reporters after delivering remarks to business leaders at a breakfast sponsored by Boston`s Chamber of Commerce.

Raytheon, which makes the Tomahawk and Patriot missiles, named Edward Pliner, the firm`s former controller, as its new chief financial officer, on Wednesday.

"He`s our guy," Burnham said of Pliner. "Frank has every reason to be proud because it is a sign of strength and depth when a senior position like that is fulfilled from within the firm."

Asked whether he was embarrassed by what happened this week, Burnham joked that he never thought the question would come up. He sidestepped the issue, speaking about general issues, urging firms to deal with challenges swiftly and openly.

In response to a question, Burnham said Raytheon is in the market for smaller acquisitions after it digested big takeovers in the late 1990s.

"Yes, acquisitions are in our game plan," he said. "They would be niche or tuck-in acquisitions that would strengthen our portfolio. We don`t have a need to do something for survival, but you always ask what you can do for tomorrow."

The company would be interested in firms that develop networks that give military commanders a direct view of the battlefield or have capabilities to beef up homeland security, Burnham said, declining to elaborate.

Meanwhile, Raytheon has improved its cash flow by paring its debt from about $11 billion in the late 1990s to about $6 billion. Still Burnham said he is not looking to make a big cash deal now.

Burnham also said the firm had no plans for widespread layoffs, even though he did not rule out targeted cuts. He said the firm was committed to restoring its aviation division, which has been hit by the business travel slump in the weak economy, to its former glory.

Raytheon`s stock fell 54 cents, or 1.82 percent, to $29.18 in early-afternoon trading on the New York Stock Exchange.

[Micky_Maus]

Das sieht man gern. Northrop begrüßt TRW im Konzern.
Warum ich das hier im RTN-Thread reinstelle? Nun, es gibt keine Disskussionen & keinen Thread zu Nortrop Grumman...

NOC sind ja auch ganz schön gefallen, gerade mal über 91$ je Share.

[Micky_Maus]

Ach ja, wer die Bahnstrecke Augsburg-->München kennt: Hinter der Brücke bei Olching war ja immer eine kleine Schmiede namens Litton Kester Solder versteckt. Jetzt hat man sich entschlossen, das Schild auszutauschen.

Es heißt jetzt Northrop Grumman Technology. Wurde ja auch Zeit.

[Gatsby2]

Na, Micky, dann darf man ja mal gespannt sein, wann bei HDW die Schilder ausgetauscht werden. Im Moment liegen die Anteile ja noch sicher bei One Equity Partners geparkt, aber die werden sie sicherlich nicht für alle Zeiten behalten wollen.

[Gatsby2]

Ach, Micky, da wir gerade bei NOC und HDW waren, gestatte mir bitte eine ganz persönliche Bemerkung:

Schade, daß sich unsere Bundesregierung einen Dreck für deutsche (High-Tech-)Arbeitsplätze interessiert, solange sie nur schön über ihrer öko-pazifistischen Gesinnung masturbieren können. Aber bessere Politiker haben wir offenbar nicht...!

U.S. kicks off Taiwan submarine competition
Wednesday December 18, 6:47 pm ET
By Jim Wolf


WASHINGTON, Dec 18 (Reuters) - The U.S. Navy on Wednesday kicked off a potential $4.5 billion competition to help Taiwan buy up to eight conventional submarines, despite strong opposition from China.

The Naval Sea Systems Command, which designs, builds and acquires ships for the U.S. Navy, outlined its plans for the diesel-electric submarines at a two-day session attended by four top U.S. defense contractors.

The briefing for industry wound up Wednesday. The competition will be limited to General Dynamics Corp. (NYSE:GD - News), Northrop Grumman Corp. (NYSE:NOC - News), Raytheon Co. (NYSE:RTN - News) and Lockheed Martin Corp. (NYSE:LMT - News), the government said on its Federal Business Opportunities Web site.

President Bush approved Taiwan`s request for the submarines in April 2001 as the centerpiece of the biggest package of proposed arms sales to the island in a decade. The Navy would transfer them under the U.S. Foreign Military Sales program, which is used for government-to-government weapons sales.

The Navy said it wanted construction to begin by 2006, based on funding of a design it hoped to pick by 2004 or 2005, people familiar with the presentation said.

The Navy`s International Program Office said it planned to help Taiwan develop a "realistic budget" for the craft, which the non-partisan U.S. Congressional Research Service has estimated could cost $4.5 billion.

Supplying such submarines is extremely complex, fraught with military, diplomatic and technology-transfer implications. It involves the military balance between Taiwan and the mainland. Beijing has threatened to use force to return Taiwan to the fold if the island declares formal independence or drags its feet in unification talks.

The United States has not manufactured diesel submarines for nearly 50 years since the Navy, prodded by Admiral Hyman Rickover, opted to rely exclusively on nuclear-fueled submarines.

The world`s biggest exporters of diesel submariners -- Germany and the Netherlands -- have ruled out building submarines or licensing designs that would go to Taiwan. They are unwilling to anger China, which regards Taiwan as a renegade province.

People familiar with the Navy`s thinking described the procurement strategy as based on using an existing design. One possibility under consideration by at least some of the contractors was based on the 1,925-ton Dolphin class submarines built in German shipyards for the Israeli Navy and delivered in 1997.

Another possibility could involve the hiring of experts from the Netherlands` Rotterdamse Droogdok Maatschappij, which sold its Zwaardvis-class submarine design to Taiwan in the 1980s for two Hai Lung (Sea Dragon)-class submarines, a European expert said.

Among those invited to the Navy`s briefing on the submarine project, in addition to the four companies in the running, were "known contractors possessing modern diesel electric submarine designs currently in use or under construction for use in navy arsenals," a Dec. 9 announcement on the federal business opportunities Web site said.

At the session, the Navy said it was seeking a logistics approach that maximized self-sufficiency in maintenance and doled out much of the work to Taiwan`s China Shipbuilding Corp.

Frank Carlucci, a former U.S. defense secretary who is the outgoing chairman of the U.S. Taiwan Business Council, a private group, said the Taiwan authorities seemed determined to buy the submarines.

"I think it`s a budget question," he told reporters at a briefing at which he had been due to introduce his succcessor, another former U.S. defense secretary, William Cohen. Cohen did not participate.

The submarine contract is likely to figure prominently at a U.S.-Taiwan defense conference to be held Feb. 12-14 in San Antonio, Texas, the second in an annual series organized by the business council.

[Gatsby2]

Raytheon to Close Commercial Electronics Headquarters
Thursday December 19, 11:13 am ET


LEXINGTON, Mass. (Dow Jones)--Raytheon Co. plans to close its commercial electronics headquarters in Lexington, Mass., and split up those businesses to other existing units as of Jan. 1.
The company also said the president of the commercial electronics division, Jack Wohler, 61 years old, is set to retire at the end of January.

In a press release Thursday, the defense contractor said the move will capture the natural synergy of each commercial electronics business with other Raytheon businesses.

A company spokeswoman said the 20 employees affected by the closure will be placed elsewhere within the company. The closure and realignment aren`t expected to produce any material costs or savings, she said.

[Gatsby2]

Dafür, daß es sich bei Raytheon Engineers & Constructors um "discontinued operations" handelt, ist es geradezu eine endlose Geschichte.

Raytheon Plans More Charges For Discontinued Operations
Thursday December 19, 8:47 pm ET


LEXINGTON, Mass. -- Raytheon Co. (NYSE:RTN - News) will record additional charges to discontinued operations in its fourth quarter due to increased costs on two projects in its engineers and constructors business.
The company said the additional charges could range from $150 million to $200 million and will push the total loss on these projects beyond the previously estimated $1.3 billion.

The additional costs are coming from two Massachusetts power plant projects -- Mystic Station in Everett, Mass., and the Fore River plant in Weymouth, Mass. -- which Raytheon is completing for Exelon Corp. (NYSE:EXC - News) .

Raytheon had sold its engineering and construction operations to Washington Group International Inc. in July 2000. However Raytheon later assumed responsibility for the projects as part of a settlement with Washington Group, which filed for bankruptcy protection last year and alleged that Raytheon fraudulently inflated the value of the contracts and understated their liabilities.

Raytheon said it doesn`t expect the charge to impact any of its bank covenants

At both the Mystic and Fore River facilities, further deterioration of already low labor productivity levels has caused construction staffing levels to remain higher than anticipated, the company said.

While total staffing has decreased and will continue to come down as construction nears completion, the company said its prior estimate in the third quarter assumed fewer craft laborers and less remaining work at this point in time.

At Mystic, the Block 9 oil flush process has been delayed by two months due to the need for more extensive cleaning than was planned, and in some instances the need to replace piping. This delay has caused higher liquidated damages and labor expenses, Raytheon said. The current schedule supports performance testing for Mystic during early April.

At Fore River, the request to allow the air blow process to continue 24 hours a day hasn`t yet been approved by the Energy Facilities Siting Board. The inability to conduct this process as planned has extended the air blow process by six weeks, Raytheon said, adding that the current schedule supports performance testing for Fore River during mid-April.

The estimated charge of $150 million to $200 million assumes that labor productivity at the two sites doesn`t improve, and reflects the maximum liquidated damages at Mystic due to schedule under the contract. The estimate doesn`t include recurring period costs and allocated interest expense.

Raytheon said that while it continues to pursue cost savings, claims and other recovery efforts, this estimate doesn`t reflect any significant offsetting benefits.

The company is preparing a detailed estimate of cost at completion for each of the two projects and expects to complete this process in mid-January. The company expects to report the results of this analysis in its Jan. 24 earnings release.

The company doesn`t anticipate incremental charges at any of its other engineers and constructors projects in the fourth quarter.

At 4 p.m. EST, Raytheon shares, listed on the New York Stock Exchange, were at $29.07, down 38 cents or 1.3%, on volume of 2.5 million shares. The shares are trading near their 52-week low of $26.30, reached on Oct. 8.

[Micky_Maus]

Hallo Gatsby,

Zu unseren Politikern fällt mir auch nichts mehr ein. Wie sagte doch Schröder so schön: " Deutschland wird sich an einem Irak-Krieg nicht beteiligen"

Aber irgendwie sollte man RTN nie abschreiben. Haben ja eben gerade noch mal die Kurve bekommen.

[Gatsby2]

Nee, abschreiben sollte man RTN vielleicht nicht, aber auf große Gewinne würde ich hier auch nicht hoffen:

Press Release Source: Berger & Montague, P.C.


Former NATO Soldiers Exposed to X-Rays From Radar Defense Systems File Class Action Against Raytheon Company
Friday December 20, 4:37 pm ET


BOSTON, Dec. 20 /PRNewswire/ -- Today, three former members of European NATO military units, and one surviving spouse, filed a class action lawsuit against Raytheon Company (NYSE: RTN - News) for injuries suffered from exposure to dangerous x-ray radiation during the period between 1958 and 1994. The plaintiffs were exposed to this radiation during their work on radar devices manufactured, designed and distributed by Raytheon Company. These veterans all served as NATO soldiers and were affected by the radar devices, which operated primarily along the front lines of the Cold War. The plaintiffs have filed their Complaint in Middlesex County, Massachusetts, where Raytheon Company designed and manufactured the radar devices.
The plaintiffs allege that Raytheon defectively designed and manufactured the radar devices by failing to adequately shield radar transmitter tubes that emitted dangerous amounts of x-ray radiation, creating an unreasonable risk of harm to radar mechanics, technicians, and operators who regularly repaired, maintained and worked in close proximity with these devices. In addition, the Complaint alleges that despite the fact that Raytheon knew, or should have known, of the dangers posed by their radar devices, Raytheon failed to warn users of the significant dangers and health risks posed by potential exposure to ionizing radiation through the maintenance and use of radar devices. In particular, the Complaint alleges that Raytheon failed to advise users of the need to wear protective clothing and to limit periods of exposure.

As a result of this radiation exposure, the plaintiffs are at higher risk for certain illnesses or have already developed various forms of cancer and other life-threatening conditions. They seek certification of a medical monitoring class on behalf of a class of radar operators, mechanics and technicians exposed to ionizing radiation produced by Raytheon`s radar devices, but not yet affected with an illness. They also seek relief for this class in the form of a fund, to be administered by the court, to finance the performance of such medical monitoring and surveillance services as are deemed reasonably and medically necessary to protect the medical monitoring class from increased risk of harm and disease.

Those plaintiffs who have already become ill or have died as a result of the exposure also seek monetary damages. The illnesses affecting the plaintiffs and members of the proposed class include, but are not limited to, leukemia, lymphoma, bladder cancer, kidney cancer, thyroid disease, testicular cancer and brain cancer.

The lawyers representing plaintiffs include, Melissa H. Maxman, Esq. of the law firm of Duane Morris LLP, One Liberty Place, Philadelphia, PA 19103, and Alice B. Burkin, Esq., Duane Morris LLP, 470 Atlantic Avenue, Boston, MA 02210, Jonathan Auerbach of the law firm of Berger & Montague, P.C., and James P. Ulwick of Kramon & Graham, P.A., One South Street, Suite 2600, Baltimore, MD 21202.

Veterans and others who believe that they may have been injured through x-ray exposure from Raytheon`s radar devices can contact the Law Office of Berger & Montague`s Radar Litigation Group at:

Berger & Montague, P.C.
Radar Litigation Group
1622 Locust Street
Philadelphia, PA 19103
Phone: 800-23- RADAR (800-237-2327) or 215-875-3000
Fax: [phone]

[Gatsby2]

Press Release Source: Raytheon Company


U.S. Army Awards Raytheon $265.8 Million for Expanded Excalibur Contract
Monday January 6, 10:55 am ET


TUCSON, Ariz., Jan. 6 /PRNewswire/ -- Raytheon Company (NYSE: RTN - News) has been awarded a $265.8 million U.S. Army contract modification that expands the capability of the Excalibur program to meet the war fighter needs of both the U.S. Army and the Kingdom of Sweden (KOS).
ADVERTISEMENT


The contract modification merges the guidance development of Raytheon`s on-going Excalibur program with the airframe concepts developed by Bofors Defence of Sweden, a subsidiary of United Defense Industries, as part of the U.S.-Swedish Trajectory Corrected Munitions (TCM) program.

The revised Excalibur program responds to the need for precision-guided projectiles for the U.S. Army`s Future Combat System Cannon (FCS-Cannon). The Excalibur program will be in a position to enhance the performance of near- term Army platforms, to respond to Objective Force indirect fire requirements, and to encompass unique operational requirements for Sweden, such as a 52- caliber cannon system being defined for the Swedish Army. The KOS has agreed to contribute $57 million to the Excalibur program.

Excalibur is a member of the family of precision guided projectiles under development at Raytheon. Other programs include the U.S. Navy`s 127mm Extended Range Guided Munition (ERGM) and the 155mm Advanced Gun System (AGS) Long Range Land Attack Projectile (LRLAP). These products dramatically improve both the accuracy and effectiveness of gun launched artillery through the incorporation of a tightly coupled global positioning system/inertial measurement unit (GPS/IMU) guidance package that allows targets to be hit with the accuracy demonstrated by air launched weapons in recent conflicts. A recent ERGM guided gunfire test at White Sands Missile Range, N.M., flew over 70 kilometers and hit within four meters of the aim point -- demonstrating capabilities long desired for Marine Corps units ashore.

The revised Excalibur program provides for a robust development and test program that addresses Army lessons learned on other gun launched development programs.

"By planning a robust test program at both the subsystem and system level and allowing for multiple design iterations, we have put together a program that will provide a reliable and accurate projectile for the war fighter," said Lt. Col. Jeffery Wilson, Excalibur product manager. "Additionally, together with Raytheon, Bofors and its teammates, we will continue to drive down the cost of the projectile through a series of structured Design for Manufacturing and Assembly (DFMA) initiatives. By combining the needs of the U.S. and Swedish Army at this point in time, and the capability of industry from both countries, we will provide the war fighter with an extremely capable weapon by leveraging the development expertise and funding from both nations."

Both countries have signed a Memorandum of Agreement that will allow for a cooperative program between both the KOS and the U.S. Government.

"The U.S. Navy and Army have continued to be closely coupled as we develop this new artillery capability," said Capt. Herb Hause, U.S. Navy ERGM program manager. "Our commonality working groups will continue to look for opportunities to align our needs and requirements across our program base. We fully expect the work now planned by Excalibur to feed back and benefit our on-going Navy programs."

With headquarters in Lexington, Mass., Raytheon Company is a global technology leader in defense, government and commercial electronics, and business and special mission aircraft.

Note to editors:

The XM982 Excalibur guided projectile program is a key element of the transformation of the U.S. Army to a strategically deployable, logistically supportable and highly lethal force during this decade. These 155mm artillery projectiles will allow U.S. Army and Marine Corps cannon artillery units to dominate future battlefields at extended ranges in support of the lighter Interim and Objective forces now being equipped and deployed. The program is managed by PM Excalibur at Picatinny Arsenal, N.J. through the prime contractor, Raytheon Missile Systems, Tucson, Ariz. Raytheon is also the prime contractor for the U.S. Navy`s Extended Range Guided Munition (ERGM) and the Advanced Gun System`s Land Attack Projectile for future DD-X Navy ships. Bofors Defence, part of United Defense Industries, Arlington, Va., is a global leader in artillery systems, including intelligent ammunition products such as 155 BONUS and TCM, and the terminally guided mortar projectile STRIX.

[Gatsby2]

Press Release Source: Raytheon Company


RAC to Cooperate with Informal SEC Inquiry
Monday January 13, 8:12 am ET


LEXINGTON, Mass., Jan. 13 /PRNewswire-FirstCall/-- Raytheon Company (NYSE: RTN - News) announced today that the staff of the Securities and Exchange Commission (SEC) has undertaken an informal investigation regarding accounting practices primarily related to the commuter aircraft business and the timing of revenue recognition at its Raytheon Aircraft subsidiary (RAC) in the period 1997-2001. The Company believes that the accounting practices at RAC are appropriate, and it will cooperate fully with the SEC`s informal inquiry.
Based in Lexington, Mass., Raytheon is a global technology leader in defense, government and commercial electronics, and business and special mission aircraft.

[Gatsby2]

Nicht weltbewegend, aber immerhin auch nett:

Press Release Source: Raytheon Company


Raytheon Awarded $20 Million Contract to Develop Submarine Weapons Control System
Tuesday January 14, 9:56 am ET


TEWKSBURY, Mass., Jan. 14 /PRNewswire/ -- Raytheon Company (NYSE: RTN - News) has been awarded a $20 million contract from the Naval Sea Systems Command to develop the Combat Control System CCS Mk2 Weapons Control System.
The contract has a potential value of $205 million (without material) over the four option years in addition to the base year. Raytheon is currently providing the baseline combat control system for Los Angeles Class and Virginia Class submarines, as well as for the Collins Class submarines in Australia.

"This award solidifies CCS Mk2`s position as the U.S. Navy`s combat system of choice for submarines," said Dan Smith, vice president for Raytheon`s Integrated Defense Systems business. "We look forward to partnering with the Navy and our many industry team mates to field state-of-the-art submarine capability solutions for our war fighters."

To bring best value to the effort, Raytheon has identified a team of key strategic partners called "Team SubNET." Team SubNET includes small and large businesses that possess the technical domain expertise to most effectively meet Navy requirements. Current team members include Orincon Defense; Trident Systems, Inc.; Progeny Systems; 21st Century Systems; Architecture Technology Corporation; DynCorp Range Technical Services; Advanced Solutions for Tomorrow; Rite Solutions; Aquidneck Management Associates; Control Systems Analysis; SoHar; and Purvis Systems, Inc., as well as the Naval Undersea Warfare Center (NUWC).

As part of the overall submarine combat system, the Weapons Control System is responsible for the control and launch of Tomahawk missiles and MK48 heavyweight torpedoes. The program potentially includes production, systems upgrades, prototype development, and retrofit kit builds for existing combat systems. The work will build from the existing commercial off-the-shelf (COTS)-based CCS Mk2 open architecture and will support the Navy`s Advanced Processing Build technology refresh.

A majority of the work under the contract will be performed at Integrated Defense Systems` Portsmouth, R.I. campus.

Integrated Defense Systems, headquartered in Tewksbury, Mass., is a premier supplier of naval and maritime and air and missile defense systems.

With headquarters in Lexington, Mass., Raytheon Company is a global technology leader in defense, government and commercial electronics, and business and special mission aircraft.

[Gatsby2]

Die erste Nachricht ist zwar offiziell, ich würde sie aber gleichwohl ins Reich der Fabeln verweisen.

Reuters
US Navy orders 167 Tomahawk missiles from Raytheon
Tuesday January 14, 5:38 pm ET


WASHINGTON, Jan 14 (Reuters) - The U.S. Navy on Tuesday said it had awarded Raytheon Co. (NYSE:RTN - News) a $225 million contract for initial production of 167 Tactical Tomahawk cruise missiles under a deal to be completed in August 2005.

Tomahawks are launched from surface ships and submarines. They are designed to fly at very low altitudes, at high subsonic speeds, over radar-evading routes using advanced guidance systems.

Employed in 2001 by the United States and Britain against Taliban and al Qaeda targets in Afghanistan, the Tomahawk has become the Navy`s weapon of choice for attacking high-value, heavily defended installations and would likely be used in any assault on Iraq.

Also known as "Block 4" Tomahawks, the new tactical version features in-flight retargeting and other new operational capabilities while cutting costs, Raytheon has said.

======================

Press Release Source: Space Imaging


Space Imaging Signs Raytheon Australia as a Master Reseller
Tuesday January 14, 2:50 pm ET
Raytheon Australia to Have Exclusive Market for IKONOS Imagery in Australasia


DENVER, Jan. 14 /PRNewswire/ -- Space Imaging announced today they have signed an agreement where Raytheon Australia has become a master reseller of Space Imaging`s products and services including imagery from IKONOS, the world`s first commercial high-resolution Earth imaging satellite. The agreement allows Raytheon Australia to exclusively sell high-resolution, high-accuracy satellite data from IKONOS to customers throughout Australasia, which includes Australia, New Zealand and Papua New Guinea.
(Photo: http://www.newscom.com/cgi-bin/prnh/20000522/LAM023LOGO )
Space Imaging has imaged most of Australia during the past three years -- ever since the launch of IKONOS. This 5.5 million sq km of nearly-cloud-free- imagery of the continent is currently available to customers around the world. Beginning this year, customers in Australasia will buy imagery from either Raytheon Australia or one of its resellers. Customers can also select from the more than 900,000 images in Space Imaging`s IKONOS archive for imagery elsewhere around the globe. Imagery from IKONOS can be taken at a resolution of .82 meters and is the most map-accurate satellite imagery in the world.

"This appointment represents a significant vote of confidence in Raytheon Australia and gives our resellers and customers access to the range of Space Imaging products from a single source in Australia," said Ron Fisher, managing director of Raytheon Australia. "IKONOS is the only high resolution satellite with true stereo capability which allows customers to develop Digital Elevation Models (DEM) for catchment modeling, urban planning, telecommunication solutions, salinity monitoring and much more."

"Raytheon Australia will be a great business partner in this region as a result of their knowledge of the market and customer," said John Copple, chief executive officer of Space Imaging. "Raytheon Australia`s GIS resources and capabilities, and strong market presence makes this a key relationship for Space Imaging."

Raytheon Australia is a wholly owned subsidiary of Raytheon Company (NYSE: RTN - News), which globally has several decades of experience in the geospatial industry. The company is a world leader in geospatial technology, and employs over 400 staff in Australia. Raytheon Australia has been providing technical services since 1994.

About Space Imaging

Space Imaging is a leading supplier of visual information products and services derived from space imagery and aerial photography. The company launched the world`s first high-resolution, commercial Earth imaging satellite, IKONOS(TM), on Sept. 24, 1999. Other products are produced from the Indian Remote Sensing satellites, the U.S. Landsat satellites and Canada`s RADARSAT. Space Imaging also delivers aerial-derived imagery products collected by its own Digital Airborne Imaging System (DAIS-1(TM)). For more information about Space Imaging visit its web site at http://www.spaceimaging.com .

========================

Dow Jones Business News
Raytheon/Lead Director: Former Senator From N.H. >RTN
Tuesday January 14, 12:50 pm ET


LEXINGTON, Mass. (Dow Jones)--Raytheon Co. named Warren B. Rudman lead director of the company.
Rudman joined the Raytheon board, which has 10 members, in 1993.

In a press release Tuesday, the aerospace and defense contractor said Rudman, who is of counsel with Paul, Weiss, Rifkind, Wharton & Garrison, served two terms as U.S. Senator from New Hampshire.

Additional information wasn`t immediately available.

Company Web site: http://www.raytheon.com

[Gatsby2]

Reuters
Raytheon to cut 600 jobs at aircraft unit
Friday January 24, 9:56 am ET


NEW YORK, Jan 24 (Reuters) - Defense contractor Raytheon Co. (NYSE:RTN - News) on Friday said it would cut about 600 jobs at its struggling aircraft unit, which is the focus of an SEC accounting probe.
Company executives unveiled the plans for the cuts, which represent about 5 percent of the unit`s staff, in a conference call following release of Raytheon`s fourth-quarter results. The company posted a loss of $15 million for the quarter.

Raytheon has been trying to sell the aircraft business, which makes turboprop planes and Beech and Hawker jets and has suffered in the downturn in commercial aviation. The unit employs about 11,800 people worldwide, according to the Raytheon Web site. Raytheon as a whole employs about 77,500 people.

[Gatsby2]

Reuters
Raytheon Earns Miss Forecasts
Friday January 24, 8:57 am ET


LEXINGTON, Mass. (Reuters) - Raytheon Co., maker of the Tomahawk and Patriot missiles, on Friday posted a net loss for the fourth quarter as profits fell at its information systems business and the company took charges from discontinued operations.

Raytheon`s (NYSE:RTN - News) non-government business, including its discontinued power plant construction operation and its troubled commercial jet unit, has kept the company from growing the way other defense contractors have as the U.S. military budget has grown.

Including nonrecurring items such as a $175 million write-off of its investment in space imaging, Raytheon reported a fourth-quarter net loss of $15 million, or 4 cents a share. Last year`s net loss in the fourth quarter was $162 million, or 42 cents a share.

Excluding special items, earnings more than doubled from a year earlier on strong sales of electronic components, but the results fell far short of Wall Street expectations.

The company, which is under investigation by the SEC for accounting practices at its struggling aircraft unit, said it earned $155 million, or 38 cents per share, in the fourth quarter before one-time items. Analysts had expected 60 cents to 68 cents a share, with an average estimate of 65 cents, according to research firm Thomson First Call.

For the year-earlier fourth quarter, Raytheon reported a profit of $64 million, or 17 cents per share, before special items.

Fourth-quarter sales rose to $4.7 billion from $4.4 billion.

Raytheon raised its earnings forecast for 2003, saying earnings from continuing operations would be $1.70 to $1.80 a share on sales growth of 6 percent to 7 percent. The company, which shed 4,700 jobs in 2002, previously forecast 2003 earnings of $1.60 to $1.70 a share.

The company`s fourth-quarter loss included a $197 million pretax charge for cost overruns at its power plant construction sites. The projects are the company`s final obligations from a business it sold more than two years ago and have been giving Raytheon headaches ever since.

Raytheon shares closed down 30 cents at $28.55 on Thursday on the New York Stock Exchange. The shares rose 5 percent in the fourth quarter, outperforming the Standard & Poor`s Aerospace and Defense index (^GSPAERO - News), which fell 1.6 percent.

[Gatsby2]

Reuters
Raytheon foresees improved Patriot performance
Tuesday January 28, 4:56 pm ET
By Andrea Shalal-Esa


WASHINGTON, Jan 28 (Reuters) - As the United States prepares for another possible war with Iraq, Raytheon Co. (NYSE:RTN - News) says it has significantly improved the Patriot air defense system after a less than stellar performance during the first Gulf War in 1991.

Tim Carey, vice president in charge of Patriot, said the U.S. military had spent over $3 billion since 1991 to improve Patriot`s ability to detect enemy targets, such as the Soviet-designed Scud missiles Iraq fired at Saudi Arabia and Israel during the Gulf War.

"The performance is substantially improved since the Gulf War," Carey told reporters.

The new Patriot-based system, the Patriot Advanced Capability-3 or PAC-3, has launchers that can fire up to 16 missiles, compared to just four missiles, fired by the older version. Its ground sensors have twice the detection range and the increased agility of launchers has expanded its battlefield "footprint" to seven times its size during the Gulf War, Carey said.

The United States is currently conducting a joint exercise including Patriot fire units with Israel`s Arrow-2 system, which intercepts incoming missiles at the atmospheric level.

Raytheon began building the all-range, all-weather Patriot air defense system -- which can shoot down aircraft, ballistic missiles and cruise missiles -- 30 years ago, deploying it in 1980. It is the prime system contractor for the Patriot system, and overall system integrator for the PAC-3 program.

MAJOR OVERHAUL AFTER GULF WAR

The PAC-2 version underwent a major overhaul after the Gulf War, when the U.S. Army says it was judged only 40-percent effective in engaging Scud missiles fired at Israel and 70-percent effective against missiles aimed at Saudi Arabia.

During the Gulf War, Iraq fired 39 Scud missiles at Israel, causing one death and considerable damage. Israel agreed not to hit back -- which could have alienated Washington`s Arab allies -- after U.S. Patriots were posted around its cities.

In 1995, Raytheon began testing and building an updated version of the PAC-2 missiles, or Guidance Enhanced Missile (GEM), and has since developed the GEM+ missile with a digital fuse and improved tracking performance.

GEM+ has already been tested against two types of targets, and a third test is planned next week at the White Sands Test Center in New Mexico, Carey said.

In addition, Lockheed Martin Corp. (NYSE:LMT - News) has developed and tested the PAC-3 missiles, which uses hit-to-kill technology rather than a warhead to destroy targets.

PAC-2 missiles were designed to destroy aircraft by exploding near their sides, but the PAC-3 missile smashes into an incoming ballistic missile high in the Earth`s atmosphere -- at an altitude that is kept classified -- and destroys it, as well as any weapons of mass destruction it may be carrying.

PAC-3 missiles can also be used against lower-flying cruise missiles and aircraft.

The U.S. government in December said it would dramatically boost production of the PAC-3 missile as it prepared for possible war in the Gulf.

EXTENSIVE TESTING

Carey said Patriot fire units were currently deployed all over the Middle East and the Gulf region, but said he could not name the countries. Patriot is deployed by the United States, Germany, Saudi Arabia, Kuwait, the Netherlands, Japan, Israel, Greece and Taiwan.

The new PAC-3 system has been operational for over two years, allowing further testing.

He said company engineers were assigned to support each Patriot fire unit, and would closely track the anti-missile system`s performance in any new war, aided by the system`s ability to record all data for future analysis.

Raytheon engineers rushed to Israel during the Gulf War to analyze why the PAC-2 missiles were not hitting as many Scud missiles as expected, he said.

"This is a big deal," said Carey, noting that Raytheon was already shipping spare parts and other material to the Gulf region around the clock as war loomed.

"In a very real sense, we are at an increased operational tempo. We`re shipping material to theater 24/7," he said. "We`ve already stood up our emergency response unit."

Together with the Theater High-Altitude Area Defense System being developed, Patriot would form the backbone of a two-tiered U.S. missile defense program.

[Gatsby2]

Reuters
U.S. missile contract not awarded on merits-GAO says
Thursday January 30, 8:15 pm ET
By Jim Wolf


WASHINGTON, Jan 30 (Reuters) - The contract to build a key weapon for a planned U.S. anti-missile shield was awarded mainly for reasons other than technical merit after the misuse of proprietary information by Boeing Co. (NYSE:BA - News) employees, congressional investigators said on Thursday.

Raytheon Co. (NYSE:RTN - News) won the contract on or about Dec. 1, 1998, after Boeing workers, who had a competing design, came into possession of Raytheon`s propriety data and improperly used it to study Raytheon`s approach, the General Accounting Office found.

Erecting a shield against missiles from countries such as Iraq, North Korea and Iran is the Pentagon`s single most expensive development program, an effort that analysts have said could cost hundreds of billions over coming decades.

The GA0, the audit and investigative arm of Congress, said Raytheon`s triumph was "driven primarily by the inability to mitigate the competitive harm caused by the misuse of Raytheon`s proprietary data..."

Also driving the selection was concern that delays could undercut plans by then-President Bill Clinton to decide by June 2000 whether to start deploying the system, the report said.

Clinton ultimately deferred the matter to his successor, George W. Bush, who is planning to spend more than $17.5 billion over the next two years to field a rudimentary defense against missiles that could be tipped with chemical, biological or nuclear warheads.

In three out of the eight developmental tests of the ground-based shield so far, the U.S. military has failed to shoot down mock incoming warheads over the Pacific, twice because of separation failures involving the booster rocket and the Raytheon-build prototype interceptor.

LEAD INTEGRATOR

Boeing had been previously selected by the Pentagon`s ballistic missile defense arm as the lead system integrator for the project, now known as ground-based midcourse defense.

As such, Boeing was responsible for selecting either Raytheon or another Boeing unit to build the so-called exo-atmospheric kill vehicle. The EKV is at the heart of the layered shield that Bush foresees involving defenses on the ground, at sea, aboard modified Boeing 747 aircraft and possibly in space.

It is built to fly into space aboard a booster rocket, then home in on an enemy warhead using on-board sensors and other data and obliterate it by force of collision.

No formal criteria were used to evaluate the competing systems "and there was no formal technical comparison or analysis used by the decision maker to select the EKV," said the report prepared for Rep. Howard Berman, a California Democrat.

A Boeing spokeswoman, Monica Aloisio, said the choice of Raytheon had been made on "technical merits and the schedule we had to meet."

"It had nothing to do with any ethical violations by any Boeing employees," she said. David Shea, a Raytheon spokesman, said his company believed it won its contract on the merits.

"And our prototype (kill vehicles) have proved increasingly adept in flight tests," he said.

At a July 8, 1998, meeting in Tucson, Arizona, Raytheon gave Army representatives a copy of a 68-page software test plan for its EKV. Less than two weeks later, this document turned up on the floor of a conference room used by Boeing`s EKV team in Downey, California, according to the GAO report.

The cover page said it had been prepared by Raytheon for the Army and each page bore the notice, "Unclassified/Competition Sensitive," the GAO said.

Boeing`s in-house lawyers determined from their interviews that Boeing EKV employees had "misled the company`s law department about when the document was found, how it was handled and whether the employees had surrendered all copies," GAO said.

The report quoted Boeing as saying that information about Raytheon`s avionics design was improperly used in subsequent "program wide briefings" addressing among other things Raytheon`s anticipated EKV design.

The source of the Raytheon document found in the offices of the Boeing EKV team has not been established. Boeing terminated or otherwise punished several EKV team members involved in the misuse of Raytheon`s secrets, and three of the Boeing employees were subsequently debarred by the Air Force from competing for government contracts -- one for two years, and two for one year, according to the report.

In addition, the military explored the potential for a financial recovery from Boeing, but dropped the idea along with the idea of possible civil or criminal prosecution.

Boeing`s lawyers alerted both Raytheon and the Pentagon`s antimissile arm, then called the Ballistic Missile Defense Organization (BMDO), to the discovery of the document. Two major efforts then kicked in, according to letters and emails among the parties in November 1998, the GAO report said.

First, Boeing sought to persuade the Ballistic Missile Defense Organization that its EKV team had enough of a record of integrity to be considered a responsible prospective contractor eligible for future contract awards.

Second, both the Ballistic Missile Defense Organization and Boeing sought to persuade Raytheon that Boeing, as lead system integrator, could overcome any apparent conflict of interest to select between the competing EKV teams, as well as mitigate the possible harm to the competition caused by the misuse of Raytheon`s corporate secrets.

Initially, the Ballistic Missile Defense Organization had made dealing with the possible competitive harm to Raytheon`s satisfaction a condition of moving forward, the report found.

[Gatsby2]

Nach dem 11.September waren sie noch der Renner ...

Reuters
Business jet market may take years to rebound
Tuesday February 11, 1:54 pm ET
By David Bailey


CHICAGO, Feb 11 (Reuters) - For some corporate executives, it`s back to long lines at crowded airports and a bag of pretzels for lunch.
Sales of business jets, once the ultimate status symbols, have cooled with the U.S. economy, and industry watchers say they may not rebound until 2005. The sleek stratospheric board rooms have come to represent corporate greed for some, and for others are simply no longer affordable.

Annual sales of private jets with names like Gulfstream and Lear more than tripled in the economic expansion through the end of the last century. Whether sales of the jets, which can fetch $45 million, ever return to the glory days depends greatly on U.S. economic health, analysts say.

Business jet shipments totaled about $11 billion worldwide in 2002, down about 15 percent from 2001, and are expected to be flat to lower in 2003, Ed Bolen, president of the General Aviation Manufacturers Association, told Reuters.

"The biggest single influence is the economy, and when that turns around is anyone`s guess," Bolen said, adding that sales are three times higher than six years ago despite the drop.

Most manufacturers look to 2004 or even 2005 before a turn around starts because new business jet orders typically trail a recovery by nine months to a year, with production responding about three months after that, Bolen said.

Sales could drop 40 percent from the peak, said Richard Aboulafia, aerospace analyst at the Virginia-based Teal Group.

"It`s obvious that the market is heading down, hopefully it won`t head down to where it used to be," he said. "It depends on corporate profits, but assuming the traditional forces are in play, there is no reason we cannot have an upturn by 2006 in terms of production, obviously earlier in terms of orders."

JET MAKERS GRIM

The main business jet makers -- units of Bombardier Inc. (Toronto:BBDb.TO - News), General Dynamic`s Corp. (NYSE:GD - News), Textron Inc. (NYSE:TXT - News), Raytheon Co. (NYSE:RTN - News) and Dassault Aviation (Paris:AVMD.PA - News) -- largely have hurt parent-company earnings because of soft demand.

Boeing Co. (NYSE:BA - News) and Airbus (Paris:EAD.PA - News) offer modified 737 and A319 airliners as business jets, mainly for world leaders.

Manufacturers concede that 2003 will be challenging and say they would need a crystal ball beyond that. They also have been bit by excess inventory of used jets traded in by customers.

Still, sales of new entry level jets have been good and top-of-the-line planes have been largely unaffected by the weak turn in sales.

"People who buy (high-end jets) are billionaires anyway and they don`t care about little things like economic recessions," said Paul Nisbet, an analyst at JSA Research.

Bombardier has introduced four new corporate jet models in the past year. List prices for the jets range from about $6.5 million list for a recently introduced small Learjet 40 to about $44 million for the Global Express top-end jet.

Gulfstream, a General Dynamics unit known for plush, fast and ultralong-range jets, has started building a G150 at about $11 million, as well as its $45 million top-end G550.

Textron`s Cessna unit expects as many as eight lean quarters. It has had more interest in introductory jets like the Citation Mustang, listed at about $2.3 million, than for its mid-sized Citation X, which runs about $19 million.

Raytheon, which builds Beech and Hawker business jets, does not expect an uptick in orders for up to 18 months. A rebound after that depends largely on the economy. The new $5 million entry-level Premier 1 and $18 million super mid-sized Hawker Horizon have had better sales than existing models.

Dassault expects the poor economy to hit Falcon business jet sales, which it has come to rely on to offset weak sales of Mirage and Rafale military jets.

UNDERLYING DEMAND

"We are seeing that the companies that have business jets are flying them quite a bit ... that is a good sign in terms of the future," Bolen said. "Companies tend to defer capital expenditures in a slow economy. We have reason to believe there will be strong demand, but we need to see the turnaround."

The Sept. 11 attacks heightened security concerns for some corporations and increased security at airports lengthened waits for passengers, both potential reasons to increase use of business jets that board outside main terminals or airports.

However, corporation`s have become more frugal because of the downturn and it may take a long time before they return to the old ways, if they ever do, after the economy recovers.

"At this point, the outlook is very cloudy," said Michael Boyd, an air industry consultant. "Investing in a $20 million to $25 million business jet right now, that kind of money will buy a lot of (commercial) air travel."

Businesses have even turned to low-fare airlines and buying restricted tickets to cut costs, and major U.S. airlines have started experimenting with lower walk-up fares to compete with low-cost carriers for the business travel dollar.

[Gatsby2]

Associated Press
Raytheon to Cut About 300 Jobs
Thursday February 20, 3:56 pm ET
Raytheon to Cut About 300 Jobs Due to Lack of Overseas Missile Sales


LEXINGTON, Mass. (AP) -- A lack of sales overseas for advanced versions of its Patriot antimissile system means defense contractor Raytheon Co. will lay off about 300 people next month, a company official said.

"A delay in Patriot international contracts has created a gap in production needs at the Andover plant" where the missiles and other components are made, said Raytheon spokesman David Polk.

Company officials, who broke the news to Andover workers at a meeting Wednesday morning, said the job cuts will be split equally between the unionized, blue-collar work force and salaried managers and engineers, according to employees at the meeting.

About 3,300 people now work at the Andover plant.

With the latest round of cuts, Raytheon, which currently employs about 11,200 people in Massachusetts, will have eliminated more than 1,400 jobs in the past year.

Some foreign governments may be holding off on ordering until there is a new version of the Patriot missile, made by Lockheed Martin Corp. at plants in Texas and Arkansas, Owen Cote, associate director of the Security Studies program at the Massachusetts Institute of Technology, told The Boston Globe. However, officials said the new version may not be ready for export for several years.

Known as the PAC-3, the newer missiles are designed to destroy incoming targets by ramming them, while Raytheon`s latest available Patriot, known as the GEM-Plus, destroys or disables incoming missiles by exploding just yards away.

U.S. Army Patriot batteries are now being equipped with both types of missiles.

Raytheon has boosted production of some components of the Patriot system because of rising demand from the U.S. Army in anticipation of a war with Iraq. However those orders have not been enough to compensate for the loss of expected foreign sales.

====================

Press Release Source: Raytheon Company


Raytheon Successfully Reaches Wide Area Augmentation System Milestone Two Months Ahead of Schedule
Thursday February 20, 10:43 am ET


MARLBOROUGH, Mass., Feb. 20 /PRNewswire/ -- Raytheon Company (NYSE: RTN - News) has successfully completed Contractor Acceptance and Inspection (CAI) for the Federal Aviation Administration`s (FAA) Wide Area Augmentation System (WAAS).
The FAA formally took delivery of the system on January 24, 2003, approximately two months ahead of schedule. This critical milestone clears the way for FAA to initiate Operational Test and Evaluation, with certification for instrument flight rule navigation to follow later this year.

WAAS is a key component of the FAA`s next-generation space-based navigation and landing system. The system consists of 25 reference stations, two master stations, and four uplink stations to two geosynchronous satellites, which together broadcast a GPS-like signal across the national airspace system. This signal augments the basic Global Positioning System signal to improve its accuracy, continuity, integrity and availability.

"The system we delivered to the FAA represents a significant advance in aviation safety and efficiency," said Bob Eckel, vice president, Raytheon Air Traffic Management Systems. "Raytheon`s proven systems integration capability combined with our ability to produce compliant safety critical software on time and on budget were key elements of this successful milestone."

WAAS is the first space-based augmentation system to be delivered to a civil aviation authority with peer-reviewed proof of integrity, meeting the standards established by the International Civil Aviation Organization.

The current WAAS system will support approaches with vertical guidance to the majority of airports in the lower 48 states and parts of Alaska. It also allows Required Navigation Performance (RNP) of 0.02 nautical miles (40 meters), with availability well in excess of 99.9 percent, throughout its service volume. During WAAS-enabled RNP operations, pilots will be able to fly vertically guided approaches to within 250 feet of the ground, surpassing the minimums that can be achieved on existing RNP approaches. Approaches with this level of vertical guidance have been shown to be as much as five-times safer than non-precision approaches.

Subsequent work on the system will focus on expanding the coverage and availability of vertical approach capability, increasing the continuity of the signal, and adding a third geosynchronous satellite for added availability and redundancy. Raytheon and the FAA are also actively cooperating on the international expansion of the technology to promote aviation safety and efficiency in other regions.

Raytheon Company, with 2002 sales of $16.8 billion, is an industry leader in defense, government and commercial electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Lexington, Mass., Raytheon employs more than 76,000 people worldwide.

[Gatsby2]

Press Release Source: Raytheon Company


Raytheon to pursue the Missile Defense Agency`s Targets and Countermeasures Program
Tuesday March 4, 4:01 pm ET


TEWKSBURY, Mass., March 4 /PRNewswire/ -- Raytheon Company today announced that its Integrated Defense Systems business will pursue the Missile Defense Agency`s (MDA) Targets and Countermeasures program.
Among other tasks, the Targets and Countermeasures program calls for a prime contractor to manufacture a new target vehicle and integrate countermeasure payloads for the Ground Based Midcourse Defense system. A final MDA Request for Proposal is expected in May 2003 with an award later in the year.

As the prime contractor, Raytheon would leverage the existing domestic and international targets and countermeasures industrial base and employ an open, collaborative business model to leverage partnerships and achieve the best solutions for the MDA`s evolving requirements.

"Raytheon will operate as the single integrating prime contractor for the targets and countermeasures mission," said Ed Franklin, president, Raytheon Integrated Defense Systems. "Raytheon has executed on large scale system integration projects; we`ve demonstrated our state-of-the-art systems engineering model; and our people and technologies provide the key enablers to the critical task of testing our nation`s missile defense systems."

As the nation`s leader in missile defense technologies, Raytheon brings more than 40 years of large-scale systems integration and management experience to bear on this vital MDA program. With exemplary systems integration performance on the Patriot Air and Missile Defense System, the System for the Vigilance of the Amazon (SIVAM), and the Navy`s next generation destroyer, DD(X), Raytheon`s innovation and disciplined engineering talent would provide a laser-like focus on providing mission solutions for MDA`s complex targets and countermeasures program.

"We have assembled a talented, experienced and focused team equipped with state-of-the-art technologies and management tools to pursue this vital customer endeavor," said Rick Yuse, vice president of the Missile Defense product line at Raytheon Integrated Defense Systems. "Raytheon is uniquely positioned with its `One Company` approach to provide the program management, quality and innovation required by the Missile Defense Agency to assure mission success."

Raytheon would maximize targets and countermeasures flexibility and agility while reducing cycle times. In addition, the Raytheon-led team would leverage Raytheon`s modeling and simulation capabilities, providing the MDA with the mission assurance demanded on each and every flight test. As the operating business for Raytheon`s Missile Defense Strategic Business Area, Raytheon Integrated Defense Systems would leverage the wealth of missile defense experience and technology that exists across Raytheon`s defense businesses.

Based in Tewksbury, Mass., Raytheon Integrated Defense Systems provides integrated air and missile defense, and naval and maritime warfighting systems for the U.S. Missile Defense Agency, and strong global integrated capabilities for Army, Navy, Marine Corps, and technology customers.

Raytheon Company (NYSE: RTN - News), with 2002 sales of $16.8 billion, is an industry leader in defense, government and commercial electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Lexington, Mass., Raytheon employs more than 76,000 people worldwide.

[Gatsby2]

Reuters
Raytheon at 18-Month Low After Warning
Thursday March 6, 12:10 pm ET


NEW YORK (Reuters) - Shares of Raytheon Co. (NYSE:RTN - News) tumbled more than 8 percent on Thursday after the maker of Tomahawk and Patriot missiles became the latest defense contractor to warn that financial results would miss Wall Street forecasts.

Raytheon, the fourth-largest U.S. defense contractor, said after stock exchanges closed on Wednesday that higher pension costs could cause 2004 earnings to miss analyst average forecasts by as much as 13 percent.

"Certainly, it`s a matter of concern for analysts and portfolio managers, particularly for larger, older companies that have established pension plans," said Dean Gulis, fund manager for Loomis Sayles & Co., which does not own Raytheon shares. "For some companies, it can be a multi-year issue."

The developer of military electronics, precision strike and missile systems, said it expected earnings from continuing operations in 2004 to be $1.60 to $1.70 per diluted share after including higher estimated pension costs of 30 cents per share.

That forecast ranged between 7 percent and 13 percent below the average $1.83 forecast of analysts surveyed by market research firm Thomson First Call (News - Websites).

It was the first time the company had provided a forecast for 2004, the company said.

The company said 2003 earnings from continuing operations would fall in the range of $1.70-$1.80 per diluted share, in line with earlier projections. Analysts surveyed by First Call expected the company to earn an average of $1.72 per share.

DELAYS INCREASE CHARGE

Raytheon continued to struggle with delays at two Massachusetts power plants and said labor costs at those plants would increase a fourth-quarter 2002 charge by between $65 million and $75 million. The previous charge, first announced on Jan. 24, 2003, had been $197 million.

Additional details will be disclosed in the company`s Form 10-K filing expected later this month.

Raytheon`s warning followed one by Northrop Grumman Corp.(NYSE:NOC - News) earlier on Wednesday. Northrop, which makes the B-2 Stealth Bomber and Global Hawk unmanned spy planes, slashed its 2003 earnings forecast by about 8 percent, citing larger-than-expected costs in paying down debt.

Raytheon shares were down $2.25 at $24.66 in midday trading on the New York Stock Exchange (News - Websites). Shares were trading at their lowest level since Sept. 10, 2001, the day before the Sept. 11 attacks on the United States.

Defense stocks soared in 2002 as investors hoped a buildup for a possible war with Iraq would boost profits, but many of those stocks have erased gains as investors take profits off the table.

"There was too much play on war fears," said Scott Vergin, fund manager for Thrivent Financial, which oversees $9 billion. "They got to extraordinary valuations and now there`s bad news in Raytheon, Northrop, the bubble is bursting."

[Gatsby2]

Das dürfte schon die Ersatzbeschaffung sein. -- Wenn es um seine Spezies geht, denkt George W. wirklich an alles.


Press Release Source: Raytheon Company


Raytheon Awarded $80.8 Million Production Contract for Joint Standoff Weapon
Monday March 17, 11:00 am ET


TUCSON, Ariz., March 17 /PRNewswire/ -- Raytheon Company (NYSE: RTN - News) has been awarded an $80.8 million contract by the Naval Air Systems Command for production of the Joint Standoff Weapon (AGM-154-A) for the U.S. Navy and U.S. Air Force.
The contract is for 337 JSOW-As (313 for the Navy and 24 for the Air Force). Work will be performed at Raytheon`s Missile Systems business in Tucson and will be completed by February 2005.

"This is a significant increase in the number of JSOWs we`ve bought in the last two years, and we can do it because of the impressive way Raytheon and the entire JSOW team has met and solved some very difficult technical challenges," said Capt. Bob Wirt, the Navy`s JSOW program manager. "JSOW-A is on schedule, on cost and meeting performance requirements. Great job!"

"This contract is a little different because it includes priced options for a significant number of additional missiles which may be purchased over the next few years without a lot of renegotiation," said Wade Smith, Raytheon`s JSOW program director. "We are very proud that our customer has confidence in our ability to produce this weapon system which is so vital to our warfighters."

JSOW is a joint Navy and Air Force program. It is a family of low-cost, air-to-ground weapons that employ an integrated Global Positioning System/Inertial Navigation system that guides the weapon to the target.

The JSOW family uses a common and modular weapon body capable of carrying various payloads. The AGM-154A (also called JSOW-A) variant dispenses BLU-97 combined-effect bomblets for use against soft and area targets. It is produced for use on the F/A-18, AV-8B, F-16, F-15, B-1, B-2 and B-52 aircraft.

Raytheon Company, with 2002 sales of $16.8 billion, is an industry leader in defense, government and commercial electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Lexington, Mass., Raytheon employs more than 76,000 people worldwide.

[Gatsby2]

Die Überschrift finde ich eigentlich ein wenig euphemistisch, aber die Bewertung macht wohl Sinn.

Reuters
JP Morgan sees strength in Raytheon`s defense business
Monday March 17, 12:52 pm ET


WASHINGTON, March 17 (Reuters) - J.P. Morgan Securities on Monday said it was maintaining its "neutral" rating on shares of Raytheon Co. (NYSE:RTN - News), noting fresh cash flow from its defense business was strong and could offset continuing weakness in the commercial sector.

Analyst Joseph Nadol said the defense contractor`s focus on high-growth segments such as missile systems and radar would bode well for cash flow and earnings, but the company needed to manage remaining risks in its business jet unit, Raytheon Aircraft Co., to prevent further deterioration of margins.

He lauded a decision by the Lexington, Massachusetts-based maker of Tomahawk and Patriot missiles to adopt a more conservative approach to financial reporting and predicted it would be well-received by the market.

"We believe that Raytheon`s exposure to high-growth parts of the defense budget should drive strong revenue growth over the next several years," Nadol wrote, noting Raytheon played a key role in U.S. efforts to develop a missile defense system.

"Although our revenue estimates call for 5 percent growth in 2002 and 6 percent growth in 2003, we believe there is some upside to our numbers," Nadol wrote.

Raytheon shares jumped $1.38, or 5.29 percent, to $27.49 on the New York Stock Exchange (News - Websites) around midday on Monday. The company`s stock was buoyed along with other defense shares by signs that a U.S. invasion of Iraq could be imminent.

Earlier this month, Raytheon warned that higher pension costs of 30 cents per share would push earnings from continuing operations in 2004 down to $1.60 to $1.70 per diluted share -- 7 percent to 13 percent below the average forecast of $1.83 per share from analysts surveyed by market research firm Thomson First Call (News - Websites).

The company predicted 2003 profits would range from $1.70 to $1.80 per diluted share, in line with earlier projections and First Call`s average forecast of $1.72 per share.

LANDS JOINT STAND-OFF WEAPONS CONTRACT

Raytheon won an $80.8 million contract on Friday from the U.S. military for 337 full-rate production Joint Stand-Off Weapons, a precision-guided weapon system that has been in use since 1999. Work on the contract is due to be completed by February 2005.

The contract represents a significant increase in the number of Joint Stand-Off Weapons, known as JSOWs, that the Navy and Air Force have purchased in recent years, said Capt. Bob Wirt, the Navy`s JSOW program manager.

"JSOW-A is on schedule, on cost and meeting performance requirements," Wirt said.

The contract award followed warnings last September by Thomas Christie, the Pentagon`s director of operational testing and evaluations, that the JSOW was one of several combat systems that had not demonstrated acceptable performance during operational tests and evaluation procedures.

Wirt said the increased order volume was possible because of the "impressive way Raytheon and the entire JSOW team has met and solved some very difficult technical challenges."

JSOW , or AGM-154, is a joint Navy and Air Force program. It is a family of low-cost, air-to-ground weapons that use a combined Global Positioning System/Inertial Navigation system that guides the weapon to the target.

It is produced for use on the F/A-18, AV-8B, F-16, F-15, B-1, B-2 and B-52 aircraft.

[Gatsby2]

Press Release Source: Raytheon Company


Raytheon Awarded $173.7 Million for Paveway II Laser Guided Bomb Production
Wednesday March 19, 9:12 am ET


TUCSON, Ariz., March. 19 /PRNewswire/ -- Raytheon Company (NYSE: RTN - News) has been awarded $173.7 million, which is the majority share (62 percent), of the fiscal year 2003 U.S. Air Force competition for production of Paveway II Laser Guided Bomb kits.
The Department of Defense announced Feb. 20, 2003, that the Air Force would award a total of up to $2 billion for Paveway production through 2009.

Work on the contract will be done primarily at Raytheon facilities in Tucson, Ariz., and Sherman, Texas. Other locations include Raytheon facilities in Andover, Mass., McKinney, Texas, and Farmington, N.M.

"Raytheon is the legacy provider of Paveway II Laser Guided Bombs. We have been producing this system for nearly 27 years, and we are committed to ongoing support of this important program for the warfighters of the Air Force and U.S. Navy," said Jon Jones, Raytheon`s vice president of Strike Weapons Systems.

"This win positions us perfectly for future domestic and international competitions," Jones said.

Since its inception in 1968, the Paveway series of laser-guided bombs has revolutionized tactical air-to-ground warfare. These semiactive laser guided munitions, which home on reflected energy directed on the target, not only drastically reduce the numbers required to destroy a target, but also feature accuracy, reliability, and cost-effectiveness previously unattainable with conventional weapons.

Raytheon currently is producing laser guided bomb kits under Department of Defense awards made in December 2001. Work on those contracts started in August 2002, and the company has been ahead of schedule since day one, with deliveries occurring about five weeks ahead of schedule. Production rates have tripled to meet customer requirements.

Paveway II saw its first combat action in the Falklands in 1982, when used by the Royal Air Force. During Operation Desert Storm, more than half the air- launched guided weapons were Paveways (II or III). Paveway II accounted for more than three-quarters of the total Paveways used. More recently, Paveway II has served the warfighter in Operation Enduring Freedom, where nearly two- thirds of all carrier-based ordnance was Paveway Laser Guided Bombs.

Raytheon Company, with 2002 sales of $16.8 billion, is an industry leader in defense, government and commercial electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Lexington, Mass., Raytheon employs more than 76,000 people worldwide.

Contact:
Sara Hammond
520.794.7810




--------------------------------------------------------------------------------
Source: Raytheon Company

[Mannerl]

Hallo zusammen!
Hallo Gatsby!

gehört vielleicht nicht ganz hier her ... oder doch?

wer baut denn eigentlich die Marschflugkörper die in den letzten Konflikten eingesetzt werden?

Ist da Raytheon auch beteiligt?

...

Ist zwar schon länger her (nach Kosovo!), da las ich mal einen Artikel über die Marschflugkörper/Tomahawk! Da stand "langsam gibt es einen zahlenmäßigen Notstandt" von Marschlugkörpern!...weil sie ja alle verschossen werden!

MFG
Mannerl, der auch mal die Aktie hatte!

[Mannerl]

Hallo zusammen!

hier noch mal das was ich eigentlich gemeint habe
ich kopiere was "von den Russen" hierher...der ganze Text schwirrt eh schon in WO rum!

...

....Eine besondere Sorge des US-Kommandos ist der übermäßige Einsatz von Präzisionswaffen und Cruise Missiles. Die Vorräte an schweren Cruise Missiles wie der "Tomahawk" sind bereits zu einem Drittel aufgebraucht und beim derzeitigen Verbrauch bleiben den US-Kräften nur die nicht für diese Zwecke verfügbare strategische Reserve dieser Raketen. Bei anderen Arten präzisions-gesteuerter Geschosse sieht die Situation ähnlich aus. "Die Verbrauchsrate dieser Waffen passt nicht zu den erzielten Resultaten. Wir schmeissen buchstäblich Gold in den Dreck!", sagte Gen. Richard Mayers gestern in einem Meeting im Pentagon. ....

...

[Payback.de]

dann sollte die nächste Lieferung von RTN ja schon unterwegs sein...


so traurig die sache auch ist...

Gruss
PAYBACK

[Mannerl]

Raytheon erhält weiteren Produktionsauftrag des Vertidigungsministerium



Der amerikanische Waffenhersteller Raytheon Co. hat neue Fertigungsoptionen im Wert von 52 Mio. Dollar von der US-Army erhalten.

Der Kontrakt sieht nach Firmenangaben vor, dass Raytheon 1.387 leichte und 2.444 mittlere bis schwere Waffen des AN/PAS-13 TWS – Systems herstellen wird. Vier dieser TWS-Waffensysteme der nächsten Generation sind nach Angabe von Raytheon von der US-Army bereits erfolgreich getestet worden. Die Waffen verfügen über neuartige Wärmesensoren, die bei Tag und Nacht, bei schlechtem Wetter und unter erschwerten Bedingungen auf dem Schlachtfeld optimale Ziel- und Beobachtungsergebnisse erlauben. TWS steht für Thermal Weapon Sight.

Seit 1998 hat Raytheon, das mit einem Jahresumsatz von 16,8 Mrd. Dollar und 76.000 Mitarbeitern zu den größten Waffenkonzernen weltweit zählt, bereits 6.000 TWS-Systeme hergestellt.

[Mannerl]

Freitag, 4. April 2003
US-Marine in Not
Tomahawk gehen aus
Der US-Marine gehen die Tomahawk-Marschflugkörper aus. Nun verhandelt die Marine mit dem Rüstungsunternehmen Raytheon Co. über eine Beschleunigung der Produktion. Das bestätigte Marine-Sprecherin Brauna Carl in Washington. Die Marine hatte bereits 2194 neuartige Tactical Tomahawks bei Raytheon bestellt. Der Auftrag hat einen Umfang von rund zwei Mrd. Dollar. Die Marschflugkörper sollten zwischen 2004 und 2009 geliefert werden. Die Marine möchte die Produktion von 38 auf 50 im Monat erhöht sehen und die Auslieferung dadurch beschleunigen.

Nach Angaben von Carl können die Marschflugkörper aber dennoch frühestens im nächsten Jahr geliefert werden. Die Marine hat im Irak-Krieg bereits 735 ihres Arsenals von rund 2.100 Tomahawks abgeschossen. Die neuen Marschflugkörper können im Gegensatz zu den jetzt verwendeten noch nach dem Abschuss mit neuen Zielkoordinaten gefüttert werden und ihren Kurs im Flug ändern. Sie werden wie die alten von Flugzeugen und U-Booten aus abgeschossen. Die ersten Tests

sind in diesem Jahr geplant.

[Mannerl]

Raytheon erhält 350-Mio-Dollar-Auftrag von US-Regierung - Raketenabwehrsystem

TEWKSBURY (dpa-AFX) - Der amerikanische Rüstungskonzern Raytheon hat von der amerikanischen Regierung einen Auftrag über 350 Millionen Dollar zur Entwicklung, Konstruktion, Integration und Austestung eines Raktenabwehrsystems erhalten. Das teilte das Unternehmen am Montag in Tewksbury, Massachusettes, mit.

An dem System soll an den Raytheon-Standorten in Andover, Bedford, Sudbury und Tewksbury gearbeitet werden. Es soll ab 2004/2005 zum Einsatz kommen./ak/js

Quelle: DPA-AFX

[Mannerl]

Raytheon: CEO tritt zurück
Der amerikanische Hersteller von Waffen- und Verteidigungssystemen Raytheon Co. erklärte heute in einer Pressemitteilung, dass der CEO Daniel Burnham von seinem Posten zurück treten werde.

Zum Nachfolger werde Raytheon-President William Swanson ernannt. Der 54-jährige Swanson werde sein neues Amt offiziell ab dem 1.Juli bekleiden. Burnham, der dem Unternehmen im Juli 1998 als COO beigetreten war, werde aber über den 1.Juli hinaus dem Vorstand angehören. Jedoch werde er kein funktionales Amt mehr inne haben.

Raytheon-Aktien stehen aktuell an der NYSE bei 29,95 Dollar – ein Plus von 0,67 Prozent.

[Payback.de]

was soll das denn???????? Hat jemand RTN Realtime-Kurs??????

Hoffentlich ist der Neue Mann auch ein alter Kumpel vom George W. Bush oder dessen Vater...

Gruss
PAYBACK

[Paepstin]

von Gestern:
Der Rüstungskonzern Raytheon Co. hat heute zwei Aufträge erhalten. Den ersten bekam das Unternehmen von der U.S. Air Force für die Modernisierung der Radaranlagen in den B-2-Bombern. Das Volumen beläuft sich hier auf rund 63 Mio. Dollar. Der Deal ist Teil eines größeren Programms, das einen Gesamtwert von 575 Mio. Dollar hat. Die Arbeiten sollen bis August 2004 abgeschlossen sein. Des Weiteren konnte Raytheon einen Auftrag über die Modernisierung der F/A 22-Jäger von Lockheed Martin erhalten. Dessen Volumen beläuft sich auf rund 55 Mio. Dollar und soll 2006 beendet sein.

Gruß,
die Päpstin

[Paepstin]

von Montag:
Die drei Rüstungskonzerne Boeing Co., Northrop Grumman Corp. und Raytheon Co. werden bei der Entwicklung eines neuen Flugzeugs für die US Air Force, ein so genanntes E-10A Multi-sensor Command und Control Aircraft, zusammenarbeiten. Northrop wird bei der Kooperation die Führungsrolle übernehmen und für die Koordination und die Projektplanung sowie die Zusammenarbeit zuständig sein. Der Verantwortungsbereich von Boeing wird bei der strukturellen Anpassung des Designs liegen und Raytheon wird die Radarinstallation übernehmen. Nähere Details sind nicht bekannt geworden.

Gruß,
Päpstin

[Mannerl]

Raytheon Awarded Contract to Develop Miniature Air Launched Decoy For U.S. Air Force
May 22, 2003 10:12:00 AM ET

May. 22 | PR Newswire

TUCSON, Ariz., May 22, 2003 /PRNewswire via COMTEX/ --Raytheon Company (NYSE: RTN) has been selected to develop and demonstrate a Miniature Air Launched Decoy (MALD) for the U.S. Air Force.

The $88 million contract was awarded May 20 by the Air Force Materiel Command`s Air Armament Center Precision Strike Systems Program Office, Eglin AFB, Fla. Work on the contract will be performed at Raytheon`s Missile Systems business in Tucson and be completed by June 2008.

The decoy is a low-cost expendable air-launched vehicle that mimics the radar signature and flight characteristics of fighter aircraft and bombers to deceive a threat air defense system.

"Raytheon will employ its expertise in air vehicles, propulsion systems, navigation and sensors to develop the MALD," said Louise Francesconi, president of Raytheon Missile Systems.

"This is a strategic, competitive win for Missile Systems. It holds potential for growth opportunities," she said.

Raytheon Company, with 2002 sales of $16.8 billion, is an industry leader in defense, government and commercial electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Lexington, Mass., Raytheon employs more than 76,000 people worldwide.

Contact:

[Paepstin]

Ich hoffe, diese Woche geht es über die 30 in Frankfurt. Sieht gut aus!
Gruß,
Päpstin

[Mannerl]

wieso?

gäbe es einen Grund dazu?

[Mannerl]

Patriot-Rakete: Krieg ist guts fürs Geschäft


Washington - Das US-Bruttoinlandsprodukt (BIP) stieg nach vorläufigen Berechnungen des Handelsministeriums zum Vorquartal mit einer auf das Jahr hochgerechneten Rate von 2,4 Prozent nach 1,4 Prozent im ersten Quartal, wie das US-Handelsministerium mitteilte. Analysten hatten im Schnitt mit einem Wachstum von lediglich 1,5 Prozent gerechnet. Die Börsen beiderseits des Atlantiks reagierten am Donnerstag mit kräftigen Kursgewinnen auf die BIP-Zahlen sowie andere überraschend positive US-Konjunkturdaten.
Maßgeblicher Faktor für den stärkeren Anstieg war nach Ministeriumsangaben ein kräftiger Zuwachs bei den Militärausgaben im Zusammenhang mit dem Irak-Krieg. Die Rüstungsausgaben legten demnach um 44,1 Prozent zu und damit so stark wie seit dem Korea-Krieg Anfang der fünfziger Jahre nicht mehr. Auch die Unternehmen gaben wieder mehr Geld aus. So stiegen die Investitionsausgaben aufs Jahr hochgerechnet um 6,9 Prozent, nachdem sich hier im ersten Quartal noch ein Rückgang von 4,4 Prozent ergeben hatte.

Als verlässliche Konjunkturstütze erwies sich weiterhin der private Konsum, der rund zwei Drittel der US-Wirtschaftsleistung ausmacht. Das Wachstum der Verbraucherausgaben beschleunigte sich im vergangenen Quartal auf 3,3 Prozent von zwei Prozent im Vorquartal. Hierbei fiel insbesondere der Kauf von Autos und anderen langlebigen Gütern ins Gewicht.

Für das zweite Halbjahr wird in den USA weithin eine spürbare konjunkturelle Belebung erwartet. Diese Meinung wird zumindest von zahlreichen Volkswirten, der US-Notenbank (Fed) und auch der US-Regierung vertreten. Nach den Worten des Chefs der Fed von Atlanta, Jack Guynn, wird die US-Wirtschaft in den kommenden Monaten an Fahrt gewinnen. Mit einer raschen Beschleunigung sei aber nicht zu rechnen, erklärte Guynn.

Volkswirten zufolge dürften auch die Steuererleichterungen der US-Regierung zur erwarteten Konjunkturbelebung beitragen. Diese sollte nach einiger Zeit dann auch die Wirtschaft in der Euro-Zone auf Touren bringen. "Wie immer wird Deutschland mit etwa einem halben Jahr Zeitverzögerung auch davon profitieren", sagte Carsten Demski von der Bankgesellschaft Berlin.

[Paepstin]

vom 5.8.
Die International Business Machines Corp. (IBM) erklärte, dass ihre Sparte für Chip-Design mit dem Verteidigungskonzern Raytheon Co. einen Fünf-Jahres-Vertrag über bis zu 100 Mio. Dollar geschlossen hat. Wie der weltgrößte Computerhersteller mitteilte, werden beide Unternehmen ein Projekt-Büro in Lexington (Massachusetts) errichten, wo Raytheon ansässig ist. Von dort aus sollen Ingenieure von IBM und Raytheon künftig potentielle gemeinsame Projekte leiten. Die IBM-Sparte für Chip-Design wurde im vergangenen Herbst als Teil der Technologie-Sparte gegründet und stellt sowohl für IBM als auch andere Unternehmen Mikro-Chips her. Im zweiten Quartal musste die Technologie-Sparte einen Verlust verbuchen. IBM zufolge stellt man für Raytheon im Rahmen mehrerer Projekte bereits individuelle Komponenten her.

Päpstin

[Mannerl]

interessant, aber der Aktie hats nicht sonderlich geholfen...

...

Donnerstag, 28. August 2003
Black-Out und Irak-Krieg
US-Wirtschaft wächst

Die überbordenden Verteidigungsausgaben haben der US-Wirtschaft zu einem stärkerem Aufschwung verholfen als erwartet. Die Verteidigungsausgaben erhöhten sich - bedingt durch den Krieg im Irak - um 45, 9 Prozent, der höchste Anstieg seit dem Korea-Krieg vor 50 Jahren.

Das Bruttoinlandsprodukt ist um 3,1 Prozent im zweiten Quartal 2003 gestiegen. An der Wall Street waren 3,0 Prozent erwartet worden. In den ersten drei Monaten hatte das Wachstum noch 1,4 Prozent betragen. Insgesamt war dies der stärkste Anstieg seit einem Jahr und die Hoffnung mehrt sich, dass der Aufschwung von Dauer sein könnte. Die Investitionen haben sich um 8 Prozent erhöht, nach einem Rückgang um 4,4 Prozent ersten Quartal. Auch der Konsum ist um 3,8 Prozent gestiegen.

Die Erstanträge auf Arbeitslosenhilfe in den USA sind in der vergangenen Woche stärker gestiegen als erwartet. Der Grund soll der Black Out in Nordosten der USA vor zwei Wochen gewesen sein. Insgesamt hat sich die Zahl um 3.000 auf 394.000 erhöht. Erwartet worden waren 390.00 neue Anträge.

Der Black Out habe im Prinzip nicht zu neuen Arbeitsplatzverlusten geführt, lediglich die Anträge konnten nicht registriert werden, hieß es zur Erklärung. Der Vier-Wochen-Durchschnitt ist nur leicht um knapp 1.000 von 395.750 auf 396.250 gestiegen. Insofern könne man auch auf dem Arbeitsmarkt von einer leichten Entspannung sprechen, so das Arbeitsministerium weiter.

[Mannerl]

up!

[Mannerl]

Raytheon Awarded Contract Potentially Worth $168 Million Supporting ...

FALLS CHURCH, Va., Feb. 4 /PRNewswire/ -- Raytheon Company has been awarded a new contract for work on the Common Services for Borrowers (CSB) program by CSB prime contractor ACS Education Solutions, LLC (ACS). The award is potentially worth $168 million to Raytheon over the 10-year life of the contract, which features a five-year base contract with five one-year option periods.

The CSB program, initiated by the U.S. Department of Education``s Office of Federal Student Aid (FSA), will play an integral role in combining the servicing, consolidation and collections of business operations and functions. CSB will streamline and reengineer FSA``s business processes to deliver significant improvements in managing its student aid obligations.

Under the terms of the contract, Raytheon is providing a customized version of its Quester(TM) debt collection system, a significant element in the consolidation of FSA``s legacy systems into an integrated CSB system solution. Additionally, Raytheon will support system management and maintenance, including operational functions for the receipt and processing of newly subrogated debts, the reconciliation of financial reporting on defaulted loans, specialized payment processing, overall mailroom inbound document processing and imaging, as well as an outbound letter/bill generation.

"Our team is focused on providing greater services to borrowers, reducing operational overhead, and incorporating industry best practices to manage Department of Education student loan programs more effectively," said Randall Booth, senior vice president of ACS, Inc, and president of ACS Education Solutions, LLC, "Raytheon``s track record of providing excellent service to the Department of Education in various loan management programs provides the CSB team with an experienced and knowledgeable partner. We are excited to have Raytheon as a member of our team."

"Raytheon is looking forward to having the opportunity to leverage more than 10 years of experience working with the Department of Education on this program," said Ron Ross, senior executive, Raytheon Information Solutions. "The combination of Raytheon``s and ACS`` loan management expertise will prove pivotal to the overall success of the CSB initiative."

Raytheon Company, with 2003 sales of $18.1 billion, is an industry leader in defense and government electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs 78,000 people worldwide.

[Gatsby2]

Konsequenzen aus der Katastrophe über`m Bodensee?

Press Release Source: ThalesRaytheonSystems


FLORAKO Air Defense System Delivered by ThalesRaytheonSystems is Operational
Tuesday March 23, 8:00 am ET


MASSY, France, March 23 /PRNewswire-FirstCall/ -- FLORAKO, the Swiss air forces` new air defense and air operations command-and-control system, went live at the start of February.
The FLORAKO System entered operational service on Feb. 2, 2004, after successfully completing final tests and operating in parallel alongside the old FLORIDA air defense system. FLORAKO is an all-new system comprising Master surveillance radars, a data and communication system, a new air picture generation and airspace management system, and new control Air Command and Control Center.

This capability gives the Swiss air forces and Skyguide, the service providers responsible for military air safety, a modern system for monitoring airspace to meet increased civil and military air navigation requirements.

"Congratulations to ThalesRaytheonSystems for achieving this significant milestone," said Armasuisse Program Manager, Hans-Peter Hulliger. "FLORAKO will significantly enhance Switzerland`s air defense capability and safety in the airspace."

The entry into service of this System marks the most important acquisition milestone in the project. The System`s development will continue as new features are phased in progressively up to 2006.

FLORAKO System was acquired under the 1998 / 1999 weapon system procurement programs. Acquisition cost is 728 million Swiss francs and the construction budget 95 million Swiss francs.

ThalesRaytheonSystems is the worldwide leader in the supply of air defense, battlefield surveillance and coordination systems, ground-based radars and related operation centers. Annual revenue is approximately 700 million dollars with nearly 1,300 employees.

Contacts:
In the United States: In Europe:
Dave Shea Isabelle Blackburn
703-284-4245 +33.1.69.75.50.98




--------------------------------------------------------------------------------
Source: ThalesRaytheonSystems

[Mannerl]

Aufklärungsflugzeuge von EADS für die Nato


Einen milliardenschweren Auftrag über Aufklärungsflugzeuge will die Nato an ein Konsortium um den europäischen Luft- und Raumfahrtkonzern EADS vergeben. Die Verträge dafür werden Anfang 2005 unterzeichnet. Damit sticht EADS eine Bietergruppe um den US-Konzern Raytheon aus.


Die Offerte von Raytheon umfasste Flugzeuge vom Typ Bombardier Express Business Jet, während die EADS auf gebrauchte A321 ihrer Tochter Airbus setzt. Raytheon arbeitet mit dem britischen Rüstungskonzern BAE Systems, Siemens und Alenia Marconi Systems zusammen.

Die Bestellung größerer gemeinsamer Verteidigungssysteme innerhalb der Nato ist eher ungewöhnlich. Auf Grund der Bedeutung der US-Bodenaufklärung im ersten Golfkrieg waren aber innerhalb des Verteidigungsbündnisses Rufe nach einem gemeinsamen Aufklärungssystem laut geworden.

Die Militärsparte, deren Umsätze die EADS in den kommenden Jahren verstärkt ausbauen will, hat in den letzten Monaten mehrere umfangreiche Aufträge an Land gezogen. So konnte der Konzern mit der Lieferung von fünf Airbus-Tankflugzeugen an die australische Luftwaffe den Erzrivalen Boeing zum zweiten Mal innerhalb kurzer Zeit ausstechen. Wie die EADS am Freitagmorgen mitteilte, hat das gesamte Programm ein Volumen von etwa 1,2 Milliarden Euro. Ein Großteil hiervon entfällt auf den europäischen Luft- und Raumfahrtkonzern. Die erste Maschine soll 2007 ausgeliefert werden.

Im Januar hatte bereits die britische Regierung ein EADS-Konsortium mit der Lieferung von rund 20 Tankflugzeugen beauftragt - ein Auftrag, für den an die 19 Milliarden Euro veranschlagt werden. „Dies ist bereits der zweite strategische Markterfolg innerhalb von nur drei Monaten“, erklärte die EADS nun mit Blick auf die neue Order.

Das Geschätssegment gilt als äußert vielversprechend. So rechnet etwa Merrill Lynch in einer Studie damit, dass alleine die EADS mittel- und langfristig über 100 Tankflugzeuge verkaufen kann. Alleine die USA dürften in den nächsten Jahren etwa 500 veraltete Maschinen austauschen.










HB BRÜSSEL/MÜNCHEN. Die Mitgliedsstaaten hätten eine vorausgegangene, vorläufige zentrale Entscheidung des Verteidigungsbündnisses befürwortet, teilte die Nato am Freitag in Brüssel mit. Früheren Angaben aus Branchenkreisen zufolge hat das von der EADS vorgelegte Angebot ein Auftragsvolumen von insgesamt rund vier Milliarden Euro. „Diese zentrale Entscheidung ist ein bedeutender Schritt auf dem Weg hin zur Realisierung operativ essenzieller Fähigkeiten der Nato“, teilte das Sicherheitsbündnis mit.

„Wir freuen uns sehr über diese Entscheidung“, sagte ein EADS-Sprecher, lehte aber Angaben zu finanziellen Details der Offerte zunächst ab. Weitergehende Informationen würden in der kommenden Woche mitgeteilt. Das EADS-Konsortium umfasst Northrop Grumman, General Dynamics Canada, Thales, Indra sowie Galileo Avionica.

Die überwiegend in Frankreich gehandelte, aber auch im MDax gelistete EADS-Aktie konnte von der Nachricht zunächst nicht profitieren. Sie notierte am späten Nachmittag in Frankfurt mit 19,15 Euro um 2,2 Prozent im Minus und schnitt damit deutlich schlechter als der Gesamtmarkt ab.

Die Nato will die Flugzeuge zusammen mit Drohnen sowie Bodenstationen ab dem Jahr 2010 einsetzen.

[Gatsby2]

Press Release Source: Raytheon Company


Switzerland to Purchase Raytheon AIM-9X Sidewinder Air-to-Air Missiles
Wednesday April 21, 10:01 am ET


TUCSON, Ariz., April 21 /PRNewswire/ -- The government of Switzerland and the U.S. Navy have executed a Letter of Offer and Acceptance (LOA) paving the way for the manufacture and delivery of Raytheon Company`s AIM-9X Sidewinder air-to-air missile system to the Swiss air force.
With the signing, Switzerland becomes the third country to purchase the next generation of the combat-proven AIM-9 Sidewinder missile family. The LOA was signed in January in Switzerland. South Korea and Poland have also agreed to purchase AIM-9X.

"We are delighted that our Swiss partners have elected to arm their F/A-18 Hornets with the AIM- 9X," said Capt. Scott Stewart, the Naval Air Systems Command program manager for Air-to-Air Missiles. "Equipping the Swiss air force with the world`s finest short-range missile will provide dominant counterair capabilities while enhancing interoperability."

AIM-9X is a fifth-generation short-range missile that achieved initial operational capability with the U.S. Air Force in November 2003. The missile employs a staring focal plane array seeker with an extremely high off- boresight acquisition capability that significantly increases target acquisition ranges against all forms of background clutter. AIM-9X is unparalleled in its ability to defeat targets employing infrared counter- measure techniques.

The combination of the seeker`s high off-boresight capability and rocket motor thrust vectoring via jet vane control produces an extremely agile missile with revolutionary dogfight ability. An 18-year production run is planned to produce more than 10,000 missiles for the U.S. Air Force, Navy, and Marine Corps and an additional 5,000 missiles for the international market.

Raytheon Company (NYSE: RTN - News), with 2003 sales of $18.1 billion, is an industry leader in defense and government electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs 78,000 people worldwide.

[Mannerl]

U.S. Navy awards Raytheon $ 38.7 million contract for Ship Self-Defense Systems ...


TEWKSBURY, Mass., May 24 /PRNewswire/ -- The U.S. Navy has awarded Raytheon Company a $38.7 million contract to design, produce and deliver Ship Self-Defense System (SSDS) Mk 2 enhanced to an open architecture computing environment (OACE).

"This is a significant award, as this work will make the open system SSDS the first combat system to be OACE compliant," said Dan Smith, president of Raytheon Integrated Defense Systems. "In addition, it promotes SSDS OACE capability into joint warfighter applications like CAC2S for the Marine Corps, the Littoral Combat Ship, and the multi-mission surface combatant DD(X). This truly paves the way for the Navy``s open architecture roadmap both in future systems and in-service systems."

Raytheon Integrated Defense Systems will lead the current SSDS Mk 2 to an OACE Category 3 state, deliver new software and produce two tactical ship sets, one commercial ship set and three test beds. The U.S. Navy will take delivery of one tactical ship set for use at the Wallops Island test facility and one test bed for use at the Open Architecture Test Facility in Dahlgren, Va. The remaining equipment will be retained at the Raytheon SSDS OACE lab in San Diego, Calif., for development and testing.

Raytheon``s SSDS Mk 2 is the only surface combat direction system with COTS (commercial off-the-shelf) hardware and software that has been delivered for tactical certification. SSDS Mk 2 Open Architecture will advance the existing design to meet OACE Category 3 requirements. SSDS Mk 2 provides a rapid reaction, anti-air defense capability that identifies and classifies targets, prioritizes and conducts engagement, vectors interceptor aircraft to targets, and exchanges targeting information and engagement orders among a naval battle group and various service components in the joint theater.

Work on SSDS will be performed at the Raytheon``s Naval Integration Center, Portsmouth, R.I., and its Expeditionary Warfare Center, San Diego, Calif.

Based in Tewksbury, Mass., Integrated Defense Systems is Raytheon``s leader in mission systems integration. With a strong international and domestic customer base, including the U.S. Missile Defense Agency and the U.S. Armed Forces, Integrated Defense Systems provides integrated air and missile defense and naval and maritime warfighting solutions.

Raytheon Company, with 2003 sales of $18.1 billion, is an industry leader in defense, government and commercial electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs more than 78,000 people worldwide.

[Mannerl]

NEW YORK, May 25 (New Ratings) - Analysts at Legg Mason initiate coverage of Raytheon (RTN.NYS) with a "buy" rating.

[Mannerl]

Raytheon Delivers First Production Tactical Tomahawk Cruise Missile

TUCSON, Ariz., May 27 /PRNewswire-FirstCall/ -- Raytheon Company has delivered to the U.S. Navy the first production model of the next-generation Tactical Tomahawk (Tomahawk Block IV) cruise missile at the company``s Missile Systems operations.

The concept for Block IV arose from a challenge by the Pentagon to implement the U.S. Navy``s vision of a low-cost "Tactical" Tomahawk system that would provide affordable, responsive fire power, affordable follow-on production, and significantly reduce life cycle cost.

"The Navy-Raytheon Team is very honored and excited to provide the warfighter the Tactical Tomahawk missile. This revolutionary weapon, with its flexible targeting and loitering capabilities, builds on the tremendous 32- year tradition and success of the legacy Tomahawk Program," said Navy Capt. Bob Novak, Tomahawk All-Up Round program manager. "The Navy``s weapon of choice is now even more affordable, lethal and survivable."

"Reaching this production milestone is a testament to the hard work and dedication of everyone who was part of the design, development, testing and now, production, of this next generation system," said Louise L. Francesconi, Raytheon Missile Systems president. "This new Block IV missile is the result of the collective commitment of the Navy and Raytheon to provide affordable, operational capabilities for critical long-range, precision strike missions. This first production delivery confirms our commitment to deliver this needed capability to the warfighter."

Tactical Tomahawk will be the centerpiece of the Navy``s new Tomahawk Baseline IV Weapons System. The system integrates the Tactical Tomahawk missile with improved mission planning and platform weapons control capabilities. This latest version of the Navy``s surface- and submarine- launched precision strike standoff weapon incorporates innovative technologies to provide unprecedented operational capabilities while dramatically reducing acquisition, life cycle and ownership costs. The Block IV missile will have a 15-year warranty and recertification cycle, compared to the Block III variant``s eight-year recertification cycle.

The new capabilities that Block IV Tomahawk will bring to the Navy``s sea strike capability are derived from the missile``s two-way satellite data link that enables the missile to respond to changing battlefield conditions. The strike controller can "flex" the missile in flight to preprogrammed alternate targets or redirect it to a new target. This targeting flexibility includes the capability to loiter over the battlefield awaiting a more critical target. The missile can also transmit battle damage indication imagery and missile health and status messages via the satellite data link. And, for the first time, firing platforms will have the capability to plan and execute Global Positioning System-only missions. Block IV will also introduce an anti-jam GPS receiver for improved mission performance.

The Navy and Raytheon are entering into a five-year multi-year procurement contract to replenish Tomahawk inventory at the most affordable cost. The legacy program Tomahawk missile is the Navy``s weapon of choice for critical, long-range precision strike missions against high value, heavily defended targets. The Block IV will cost less half the price of a newly built Block III missile.

Raytheon Company , with 2003 sales of $18.1 billion, is an industry leader in defense and government electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs 78,000 people worldwide.

[Mannerl]

First Raytheon ASTOR Aircraft for the U.K. Completes its Initial Flight
GREENVILLE, Texas, May 27 /PRNewswire/ -- Taking to the air for the first time since its modification from a Bombardier Global Express to a Sentinel R Mk 1, the first ASTOR (Airborne Stand-Off Radar) aircraft flew on May 26 for 4.4 hours. The flight was made from the L-3 Integrated Systems facility in Greenville, Texas, where the modification and integration work has been carried out under Raytheon``s direction.

(Photo: http://www.newscom.com/cgi-bin/prnh/20040527/NETH031-a http://www.newscom.com/cgi-bin/prnh/20040527/NETH031-b )

The crew reported that the aircraft performed well in all parameters of flight and its handling differed little from that of a standard Global Express. "The aircraft wanted to leap into the air," said Capt. Joe Wiser, an L-3 flight test veteran with 22 years experience. "All major systems performed optimally."

Capt. Wiser said: "During four hours and 24 minutes of flight time, the aircraft reached 15,500 feet, its low altitude objective. Overall, modifications to the aircraft produced very little drag. The more than 300 hours of risk reduction efforts during the aerodynamic testing phase really paid off; the aircraft flew extremely well without vibration and handled predictably. Based on my experience with functional flight testing, this flight was remarkable."

The initial flight follows a two year work program at L-3``s facility in Greenville involving personnel from Raytheon Systems Limited (RSL), the prime contractor; Raytheon Space and Airborne Systems (SAS); L-3 Communications; and the UK MoD (Ministry of Defence). The remaining four aircraft in the $1.3 billion dual-service (Royal Air Force / British Army) program are being modified at RSL``s facility in Broughton in North Wales.

Bill Chrispin, the ASTOR integrated product team leader for the MoD, called the flight "a major milestone in the route to fielding this new capability featuring second-generation, state-of-the-art air-to-ground surveillance radar technology.

"This successful flight keeps the ASTOR program on schedule and on its way to becoming a key element in the network-enabled capability of the U.K.," Chrispin said. "With the new ASTOR radar on board, this high-altitude, long- endurance platform will give our nation``s armed forces a unique battlefield surveillance capability and allow effective interface with current U.S. systems such as JSTARS and future networks such as the Alliance Ground Surveillance System that NATO expects to build."

Dr. Richard Anderson, vice president, Raytheon Integrated Airborne Systems, cited the "close, inspiring and extremely effective" teamwork between Raytheon employees in Britain and America, L-3 personnel and the MoD.

"We are looking forward with great enthusiasm to delivering ASTOR systems on schedule to support the war-fighting capabilities of the United Kingdom," Anderson said.

The ASTOR system is expected to enter service in 2005, according to program director Barry Steiner.

"The relationships with Raytheon, L-3, Bombardier, and the customer have been excellent," Steiner said. "This first flight is the result of a team adept at mitigating risk and pulling together to meet our in-service date next year."

"This historic milestone in the ASTOR program validates the suitability of the Bombardier Global Express special mission platform, which combines superior range and field performance with a large and totally flexible interior configuration," said Derek Gilmour, vice-president, Government and Special Aircraft sales, Bombardier Aerospace.

Raytheon Systems Limited, a subsidiary of Raytheon Company based in the U.K., is a prime contractor and major supplier to the Ministry of Defense. RSL designs, develops and manufactures a range of high-technology defense and commercial electronics.

Raytheon Space and Airborne Systems designs, develops and manufactures advanced systems for precision engagement, missile defense and intelligence, surveillance and reconnaissance. With headquarters in El Segundo, Calif., SAS has 11,000 employees and additional facilities in Goleta, Calif.; Forest, Miss., Dallas, McKinney and Plano, Texas, and several international locations.

Raytheon Company , with 2003 sales of $18.1 billion, is an industry leader in defense and government electronics, space, information technology, technical services and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs 78,000 people worldwide.

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Raytheon holt Auftrag über bis zu 378 Mio. Dollar ein

Wie das amerikanische Rüstungsunternehmen Raytheon Co. am Montag bekannt gab, wurde mit der US Navy ein 10-Jahres-Kontrakt mit einem Maximalvolumen von 378 Mio. Dollar unterzeichnet.

Wie das Unternehmen mitteilte, beinhaltet der Auftrag Ingenieurdienstleistungen sowie logistische Koordination für die Überholung und Erneuerung von Schiffsausrüstung. Der Vertrag läuft bis 2014 und bezieht sich vor allem auf elektronische Systeme der Navy und der Küstenwache.

Auch die Anteon International Corp. hat einen ähnlichen Auftrag über 348 Mio. Dollar eingeholt. Dieser ist ebenfalls auf ein Jahr festgeschrieben und beinhaltet 9 Optionen auf jeweils ein weiteres Jahr.

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Submarines Link to Military Satellites with Raytheon Sub HDR; $33 Million Contract ...

MCKINNEY, Texas, June 17 /PRNewswire/ -- Raytheon Company will produce additional Submarine High Data Rate (Sub HDR) multi-band satellite communication (SATCOM) systems under a multi-year contract worth up to $50 million.

The U.S. Navy Program Executive Office for Command, Control, Communications, Computers, Intelligence and Space (PEO C4I & Space) recently issued the first year contract, worth $33 million. To date, Raytheon has developed and delivered more than 50 Sub HDRs under previous contracts worth more than $130 million.

Sub HDR links submariners to the Global Broadcast Service, the Milstar satellite constellation, and the Defense Satellite Communication System, via a unique mast antenna that connects them to the above-sea world.

Sub HDR gives submarines high data rate, multi-band SATCOM capability for the first time. The system lets sailors transmit and receive mission-critical information by raising a mast just above the ocean``s surface while the ship is submerged at periscope depth. Operating via military satellites, Sub HDR enables underwater forces to be full participants in coordinated fleet battle group and joint task force network centric operations. The mast-mounted SATCOM system transmits secure wideband multi-media, secure and non-secure Internet access, voice and data traffic, imagery and video teleconferencing.

Captain Frank Unetic, program manager (PMW173) U.S. Navy Submarine Communication Program Office, said, "Sub HDR makes optimal use of high efficiency, small antenna, multi-band technology and state-of-the-art packaging to provide bandwidth without sacrificing submarine stealth."

Steven Rosenblum, Raytheon director of Navy SATCOM Programs, said, "Sub HDR is the submarine community``s window to the world. The system vastly improves a submarine``s mission capability and a submariner``s quality of life."

Raytheon Company, with 2003 sales of $18.1 billion, is an industry leader in defense and government electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs 78,000 people worldwide.

Note to editors

Sub HDR``s acquisition began in 1996, following a competitive procurement and PEO C4I & Space``s (The U.S. Navy Program Executive Office for Command, Control, Communications, Computers, Intelligence and Space``s) selection of Raytheon. Within 21 months, the system performed a land-based, over-the-air demonstration of its Super High Frequency (SHF) and Extremely High Frequency (EHF) multi-band satellite tracking and communication capabilities. The multi-band SHF and EHF SATCOM mast was upgraded with Global Broadcast Service (GBS), Ka-band high data rate receive capability, in 1999. During low rate initial production (1999), seven systems were produced, and the system was subsequently tested on the attack submarine USS Providence SSN 719 in August 2000

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Datum Raytheon Declares Quarterly Cash Dividend

WALTHAM, Mass., June 23 /PRNewswire-FirstCall/ -- Raytheon Company has declared a quarterly cash dividend of $0.20 per outstanding share of common stock to be paid on August 4, 2004 to shareholders of record as of the close of business on July 7, 2004. The dividend rate is unchanged from the previous quarter.

Raytheon Company , with 2003 sales of $18.1 billion, is an industry leader in defense and government electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs 78,000 people worldwide.

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es geht halt nichts über gscheite Waffenbauer!

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Raytheon Awarded Tomahawk Block IV Full-Rate Production Contract

TUCSON, Ariz., Aug. 18 /PRNewswire/ -- Raytheon (Nachrichten) has been awarded $287 million in Fiscal Year 2004 as part of a full-rate production contract to supply the U.S. Navy with the next-generation Block IV Tomahawk cruise missile. The Navy and Raytheon have entered into a multi-year procurement contract to replenish the Tomahawk inventory. The value of this contract could reach $1.6 billion once all of the procurement orders are placed over the next five years.

Work is expected to be completed on this initial missile order by December 2006. Work will be done at Raytheon`s Missile Systems businesses in Tucson, Ariz., and Camden, Ark. The first low-rate production Block IV missiles were delivered to the Navy in May.

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Lockheed oder Raytheon kurz vor 6,4 Mrd. Dollar-Auftrag der U.S. Navy

Die U.S. Navy wird in den nächsten Tagen nach Angaben eines Sprechers die Entscheidung über die Vergabe eines 6,4 Mrd. Dollar schweren Auftrags an entweder die Lockheed Martin (Nachrichten) oder die Raytheon (Nachrichten) bekannt geben. Dabei geht es um die Errichtung eines Kommunikationssystems zur Verstärkung der Satellitendienste für die US-Truppen, das Weiße Haus und das US-Außenministerium. Mit einer Entscheidung wird frühestens am Freitag gerechnet.

Vergangenen Donnerstag hat das Defense Space Acquisitions Board des US-Verteidigungsministeriums das Mobile User Objective System (MUOS) bewilligt, das aus vier bis acht Satelliten besteht und Schiffen, Flugzeugen, U-Booten und Bodentruppen Schmalband-Kommunikation zur Verfügung stellen wird.

Wie Navy-Sprecher Steven Davis am Dienstag mitteilte, hat dieser Entscheid dem Space and Naval Warfare Systems Command der U.S. Navy den Weg geebnet, in den darauf folgenden zwei Wochen einen entsprechenden Auftrag auszuschreiben.

Das System, das 2010 einsatzbereit sein soll, hat den Angaben zufolge einen zehnmal höheren Datendurchsatz als das bisher von der Boeing Co. hergestellte Ultra High Frequency Follow-On System. Das heißt, es können zehnmal so viel Daten übertragen werden, was den US-Truppen eine verlässlichere Kommunikation ermögliche.

Das Konsortium um Lockheed Martin umfasst neben Boeing noch die General Dynamics Corp., während im Raytheon-Konsortium die Honeywell International Inc., die Northrop Grumman Corp. und die Loral Space and Communications Ltd. vertreten sind.

Das Volumen des Auftrags wird über die gesamte Laufzeit, die sich bis 2024 erstrecken kann, auf 6,4 Mrd. Dollar geschätzt.

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Raytheon Declares Quarterly Cash Dividend

WALTHAM, Mass., Sept. 23 /PRNewswire-FirstCall/ -- Raytheon (Nachrichten) has declared a quarterly cash dividend of $0.20 per outstanding share of common stock to be paid on November 1, 2004 to shareholders of record as of the close of business on October 4, 2004. The dividend rate is unchanged from the previous quarter.

Raytheon Company , with 2003 sales of $18.1 billion, is an industry leader in defense and government electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs 78,000 people worldwide.

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Raytheon erhält Millionenauftrag von U.S. Armee

Das amerikanische Verteidigungsunternehmen Raytheon (Nachrichten) gab am Donnerstag bekannt, dass man von der U.S. Air Force einen Auftrag erhalten hat.

Das Abkommen hat eine Laufzeit von fünf Jahren und ein Volumen von bis zu 13 Mio. Dollar. Hierbei soll Raytheon das Radarsystem AN/TPS-75 der Hill Air Force Base in Utah aufrüsten.

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Raytheon meldet Zahlen für das dritte Quartal

Der amerikanische Rüstungskonzern Raytheon (Nachrichten) meldete am Donnerstag die Zahlen für das vergangene Quartal. Nachdem im Vorjahreszeitraum noch ein Verlust angefallen war, konnte jetzt ein Gewinn in Höhe von 152 Mio. Dollar oder 34 Cents je Aktie erzielt werden. Im Vorjahreszeitraum hatte der Verlust noch 35 Mio. Dollar betragen.

Exklusive Einmaleinflüsse erreichte Raytheon einen Gewinn von 41 Cents je Aktie und konnte damit die Analystenerwartungen um 4 Cents übertreffen.

Beim Umsatz legte der Konzern von 4,4 Mrd. Dollar auf 4,9 Mrd. Dollar zu. Analysten hatten hier mit 4,9 Mrd. Dollar gerechnet.

Für das Geschäftsjahr 2005 rechnet das Unternehmen mit einem Gewinn von 1,80-1,90 Dollar je Aktie und Erlösen von 21,5-22 Mrd. Dollar.

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Das amerikanische Verteidigungsunternehmen Raytheon Co. gab am Montag bekannt, dass man von der U.S. Army einen weiteren Auftrag erhalten hat.

Demnach hat der Konzern einen Auftrag für das Überlebenstraining-Programm des US-Militärs erhalten, mit einer bisherigen Laufzeit von einem Jahr und einem Volumen von knapp 100 Mio. Dollar. Laut Raytheon könnte sich der Vertrag aber ausweiten und ein Volumen von 900 Mio. Dollar erzielen.

Erst Ende September hatte der Konzern von der U.S. Air Force einen Millionenauftrag erhalten. Dieses Abkommen hat eine Laufzeit von fünf Jahren und ein Volumen von bis zu 13 Mio. Dollar. Hierbei soll Raytheon das Radarsystem AN/TPS-75 der Hill Air Force Base in Utah aufrüsten.

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Raytheon erhöht Dividende, plant Aktienrückkauf

Der amerikanische Rüstungskonzern Raytheon (Nachrichten) teite am Mittwoch mit, dass er die Dividende erhöhen und eigene Aktien zurückkaufen wird. Die jährliche Ausschüttung an die Aktionäre soll demnach von 80 auf 88 Cents je Aktie angehoben werden.

Zudem wird das Unternehmen in den nächsten zwei Jahren Aktien im Wert von 700 Mio. Dollar zurückkaufen. Hierzu sollen die liquiden Mittel genutzt werden, die Ende September 1,05 Mrd. Dollar betrugen.