QUANTUMONLINE.COM SECURITY DESCRIPTION:  Raytheon Co., RC Trust I, 8.25% Equity Security Units, stated amount $50 per unit, initially consisting of a stock purchase contract and a 7.00% RC Trust I Trust Preferred Security with a stated liquidation amount of $50. The purchase contract requires the holder to purchase for $50 a variable number of shares of Raytheon Corp. (NYSE: RTN) common stock on 5/15/2004 and pays a contract adjustment payment of 1.25% of the stated amount per year. The stock purchase settlement rate will be 1.4903 shares per unit if the then current market price is equal to or greater than $33.55 and 1.8182 shares per unit if the market price is equal to or less than $27.50. For market prices between those values the settlement rate will be $50 divided by the market value. The last reported sale price of the common stock on 5/07/2001 was $27.50. The trust preferred security is due 5/15/2006 and is subject to reset and remarketing on the third business day prior to 2/15/2004. The Equity Security Units pay quarterly distributions of 8.25% ($4.125) per annum on 2/15, 5/15, 8/15 & 11/15 to holders of record one business day prior to the payment date while the securities remain in book-entry form. The trust preferred securities are pledged as collateral to secure the holder's obligations under the stock purchase contract. The holder has the right at any time to convert the Normal Units to Stripped Units by the substitution of a specified zero-coupon U.S. Treasury security for the trust preferred securities and to later recreate Normal Units. See the IPO prospectus for further information on the equity security units and their mandatory conversion provisions by using the link provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Conversion Shares@Price	Distribution Dates	15% Tax Rate
NYSE Chart	8.25% $4.125	$50.00 n.a.	5/15/2004 5/15/2006	Ba2 BBB- 2/17/2004	1.4903@$33.55+ 1.8182@$27.50-	2/15, 5/15, 8/15 & 11/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Company's Online Information Links

HOME PAGE:     http://www.raytheon.com/
Company's Investor Relations Information	Go to Investor Relations Information
Company's Online News Releases	Go to News Releases
Online Company Profile	Go to Online Profile

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

Go to SEC Filings

Company's Email Address Links

Inv Rel Email Address	invest@raytheon.com
General Email Address	corpcom@raytheon.com
Printed Material Request Form on Website	Go to Email Form

Address and Phone Numbers

Address:   141 Spring Street, Lexington, MA 02421
Main Phone Number	781-862-6600
Fax Number	781-860-2172
Investor Relations   Timothy Oliver	781-860-2167
Toll Free Phone Number	800-700-4729

CEO - Daniel P. Brunham

CFO - Franklyn A. Caine