Richard Goglia to Lead Raytheon Merger and Acquisition Team

WALTHAM, Mass., Aug. 28, 2006 /PRNewswire/ -- Raytheon Company has named Richard Goglia Vice President - Treasury and Corporate Development, with specific responsibility for the company's merger and acquisition activities. This position represents an expansion of Goglia's prior responsibilities as Treasurer of Raytheon.

In his new corporate development role, Goglia succeeds Charles Stott, who will be supporting Goglia during the transition.

"Rich's experience will be exceptionally valuable to us in our business development efforts," said David C. Wajsgras, senior vice president and chief financial officer. "Rich will be building on the foundation that had been put in place by Charlie Stott, and we are grateful for Charlie's leadership in this area."

Raytheon Company , with 2005 sales of $21.9 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 80,000 people worldwide.

Contact: Jon Kasle 781-522-5110