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Marine Log

March 11, 2008

VT Halter Marine in Raytheon-led FRC-B team

Raytheon Company (NYSE:RTN) , VT Halter Marine Inc., and EG&G Technical Services have teamed to offer the U.S. Coast Guard a proven, reliable and cost-effective vessel to meet the requirements of the Fast Response Cutter-B (FRC-B) program.

VT Halter Marine Inc. is a company of VT Systems Inc.(the U.S. arm of Singapore's ST Engineering, and EG&G Technical Services is a division of URS (NYSE:URS) .

Raytheon brings extensive experience and proven performance in ship and electronics systems design, development and integration. VT Halter Marine offers a proven design, consistent cost and schedule performance, and the shipyard capacity to meet the gap in the U.S. Coast Guard's fleet requirements. EG&G, a premier federal services contractor, provides integrated logistics support, training and system engineering services.

"Together, this experienced team is ideally suited to deliver a comprehensive, reliable and sustainable solution to meet the needs and requirements of the FRC-B mission," said Charles "Tom" Bush, Raytheon Integrated Defense System's vice president of Seapower Capability Systems. "We believe that we will be the Coast Guard's team of choice to deliver the critical capabilities to enhance the safety, effectiveness and efficiency of its fleet."

"This team brings a formidable legacy of experience, performance and success to the FRC-B pursuit," said VT Halter Marine CEO Boyd E. "Butch" King. "We would be proud to partner with the U.S. Coast Guard to design, build and deliver a solution that meets the requirements for the Fast Response Cutter."

VT Halter Marine, the marine operations of VT Systems, is based in Pascagoula, Miss., and is a leader in the design and construction of medium- sized ships in the United States. VT Halter Marine designs, builds and repairs a wide variety of ocean-going vessels. VTHM shipyards have a 50-year shipbuilding history, having delivered more than 2,600 vessels to government and commercial clients in 29 countries on five continents. Of these vessels, more than 131 were patrol boats for domestic and foreign customers.

Integrated Defense Systems is Raytheon's leader in Joint Battlespace Integration providing integrated solutions to a broad international and domestic customer base, including the U.S. Missile Defense Agency, the U.S. Armed Forces and the Department of Homeland Security.

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