Exhibit 12

RAYTHEON COMPANY

STATEMENT REGARDING COMPUTATION OF

RATIO OF EARNINGS TO FIXED CHARGES

(dollar amounts in millions except for ratio)

(excludes discontinued operations for all periods)

	Year Ended December 31,
(In Millions, except ratio)	2009		2008		2007		2006		2005
Pre-tax income from continuing operations attributable to Raytheon Company common stockholders	$	2,889	$	2,498	$	2,225	$	1,791	$	1,366
Add:
Fixed charges		223		232		294		365		392
Amortization of capitalized interest		4		4		3		2		1
Less:
Capitalized interest		3		8		6		5		5
Income as adjusted	$	3,113	$	2,726	$	2,516	$	2,153	$	1,754
Fixed charges:
Portion of rents representative of interest factor	$	97	$	95	$	92	$	88	$	82
Interest on indebtedness		123		129		196		272		305
Capitalized interest		3		8		6		5		5
Fixed charges	$	223	$	232	$	294	$	365	$	392
Ratio of earnings to fixed charges		14.0		11.8		8.6		5.9		4.5