Flight Options Names New Chief Financial Officer

CLEVELAND (June 12, 2006) – Flight Options, LLC, a leading provider of fractional shares in business aircraft and a Raytheon Company (NYSE: RTN), announced today that the company has named Bruce C. Boyle as chief financial officer.

"Flight Options is delighted to bring someone of Bruce's caliber and experience to our senior leadership team," said S. Michael Scheeringa, chief executive officer, Flight Options, LLC.  "Bruce has more than a dozen years of CFO level experience.  Plus, he brings the view from a customer to our finance organization, as he was also a customer of Flight Options for a number of years."

Most recently, Boyle has held positions as CFO for SMART Papers, Wayne-Dalton Corporation and Raytheon Appliances.  Boyle received his Masters of Business Administration from the University of Chicago, Bachelor of Science in Mathematics from Carnegie Mellon University and served as first lieutenant for the United States Army Reserve.

Flight Options, LLC offers the complete spectrum of programs from fractional ownership to leasing to JetPASS Ultimate Travel membership and has received the prestigious ARG/US Platinum Safety Rating three times. The Flight Options fleet of approximately 165 aircraft includes the world's largest fleets of Beechjet 400As and Legacy Executive aircraft. Flight Options' fleet consists of the Beechjet 400A, Hawker 400XP, Hawker 800XP, Citation X and Legacy. More information is available at www.flightoptions.com or by calling 877.703.2348.