Exhibit 12

RAYTHEON COMPANY

STATEMENT REGARDING COMPUTATION OF

RATIO OF EARNINGS TO COMBINED FIXED CHARGES

(dollar amounts in millions except for ratio)

(excludes discontinued operations for all periods)

	Year Ended December 31,
(In Millions, except ratio)	2010		2009		2008		2007		2006
Pre-tax income from continuing operations attributable to Raytheon Company common stockholders	$	2,388	$	2,889	$	2,498	$	2,225	$	1,791
Add:
Fixed charges		233		223		232		294		365
Amortization of capitalized interest		4		4		4		3		2
Less:
Capitalized interest		3		3		8		6		5
Income as adjusted	$	2,622	$	3,113	$	2,726	$	2,516	$	2,153
Fixed charges:
Portion of rents representative of interest factor	$	104	$	97	$	95	$	92	$	88
Interest on indebtedness		126		123		129		196		272
Capitalized interest		3		3		8		6		5
Fixed charges	$	233	$	223	$	232	$	294	$	365
Ratio of earnings to fixed charges		11.3		14.0		11.8		8.6		5.9