Flight Options Press Release

Flight Options Receives Weatherhead 100 Centurion Award

CLEVELAND (December 21, 2004) - Flight Options, LLC, a leading provider of private travel solutions in business aircraft and an affiliate of Raytheon Company (NYSE: RTN), is proud to announce that the company is the recipient of the prestigious Weatherhead 100 Centurion Award for 2004.

“This award recognizes our commitment to our owners and members, continued growth and strong position within the fractional industry,” said Michael Scheeringa, chief operating officer, Flight Options, LLC.  “In essence, it is a testament to our employees hard work and dedication to Flight Options and its success.”

The Weatherhead 100 Centurion Award recognizes companies that had 100 percent or more sales growth from 1999 through 2003 and net sales of $100 million or more in 2003. The award is supported by the Weatherhead School of Management at Case Western University and the Council for Smaller Enterprises.

Based in Cleveland, Ohio, Flight Options, LLC is the industry leader of private jet travel solutions by providing a breadth of programs and the depth of one of the largest fleets in the industry. The company offers the complete spectrum from fractional ownership, leasing and membership options and has received the prestigious ARG/US Platinum Safety Rating twice. The Flight Options fleet of more than 215 aircraft includes the world’s largest fleets of King Air’s, Beechjet 400A’s and Hawker 800’s. The fleet also includes the CitationJet, Hawker 400XP, Citation V, Citation 650, Falcon 50, Citation X, Challenger 601, Legacy and Gulfstream IV. More information at www.flightoptions.com.

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