X0303 4 2011-02-14 0001047122 RAYTHEON CO/ RTN 0001194790 SWANSON WILLIAM H 870 WINTER STREET WALTHAM MA 02451 1 1 0 0 Chairman and CEO Common Stock 2011-02-14 4 A 0 148883 0 A 994133 D Common Stock 2011-02-14 4 F 0 60899 50.86 D 933234 D Common Stock 2011-02-15 5 G 0 2162 0 D 931072 D Common Stock 2011-02-16 4 S 0 87984 50.8358 D 843088 D Shares of the Issuer's Common Stock issued to the Reporting Person pursuant to the settlement of such person's award under the Issuer's 2008-2010 Long-Term Performance Plan. These transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 19, 2010. The reported price is based on a weighted average of multiple same-day transactions with prices ranging from $50.685 to $50.9875 per share. Full information regarding the number of shares sold at each separate price is available to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer upon request. Dana Ng, Attorney-in-fact 2011-02-16