LEXINGTON, Mass., May 20, 1999 - Raytheon Company (NYSE: RTNA, RTNB) today announced it has signed a Cooperative Research and Development Agreement with the United States Air Force Reserve Command for C-130H2/3 aero simulator data rights.

These simulator data rights include math models and documentation for flight test data, aerodynamic models, aircraft system models and an Automatic Test Guide that automates the simulation certification process.

"This agreement now becomes a tool that the Air Force Reserves and Raytheon can use collectively to market and sell C-130H2/H3 aero data packages," said Gary Nesta, Raytheon Systems Company's director of flight simulation. "This data package will be of interest to other military services worldwide that need to update existing or build new C-130 simulators that meet the U.S. Federal Aviation Administration's Level D fidelity standards."

Today only one simulator - the recently-delivered, Raytheon-built C-130H2 weapon system trainer at Dobbins Air Reserve Base - meets certifiable aerodynamic fidelity. Now this same C-130H2 data is being offered under the cooperative research and development agreement to C-130 simulator users worldwide.

Cooperative research and development agreements were first authorized under the Federal Technology Transfer Act of 1986. They allow technology developed through U.S. Department of Defense investments to be transferred to and sold on the commercial market, while remaining protected by copyright and exempt from release under the Freedom of Information Act.

Both the DoD and its industry partner benefit financially through these commercial sales.

Raytheon Company, based in Lexington, Mass., is a global technology leader that provides products and services in the areas of commercial and defense electronics, engineering and construction, and business and special mission aircraft. Raytheon has operations throughout the United States and serves customers in more than 80 countries around the world.