Raytheon Awarded $61 Million Contract to Support NOAA's R&D High Performance Computing System

( RESTON, Va. - May 10, 2006) Raytheon Company (NYSE: RTN) has been awarded the National Oceanic and Atmospheric Administration (NOAA) research and development (R&D) high performance computing system contract to maintain, operate and upgrade high performance computing platforms. The contract award is valued at $61 million; the total ceiling value, inclusive of all options, is $368 million during the next eight years. Under the terms of the agreement, Raytheon Information Solutions (RIS) will lead a team effort to improve the cost-effectiveness and organizational alignment of the R&D high performance computing resources for NOAA's three primary weather and climate research labs. "Our team looks forward to leveraging our extensive experience and our innovative capabilities to support NOAA's mission of delivering timely, accurate and often life-saving weather and climate information to our citizens," said Ron Ross, vice president of RIS. "NOAA's selection of Raytheon underscores the strong partnership we've established throughout our 30-year relationship and its confidence in our ability to deliver mission-critical solutions." The new high performance computing system program will enhance the current high performance computing systems at NOAA's main facilities at the National Centers for Environmental Prediction in Camp Springs, Md.; the Earth Systems Research Laboratory in Boulder, Colo.; and the Geophysical Fluid Dynamics Laboratory in Princeton, N.J.

Source: Raytheon Company
Date: May 10, 2006