Flight Options Press Release

Flight Options Names New Vice President

CLEVELAND (July 24, 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 Shirley A. Kaufman as vice president of Human Resources.

“Flight Options is pleased to have Shirley join our senior leadership team,” said S. Michael Scheeringa, chief executive officer, Flight Options, LLC.  “Her experience in human resources, labor relations, and regulatory matters within the transportation industry are a unique combination and make her a valuable addition to the Company.”

In her role, Ms. Kaufman will lead the Company’s initiatives of creating a complete service experience for internal team members.  Her role will encompass the Company’s human resources, labor relations and corporate communications, in addition to safety and security.

Most recently, Kaufman served as vice president, Human Resources and Labor Relations for America West Airlines.  She was responsible for all human resources, corporate security and labor relations; including the role of chief negotiator on a number of labor contracts.  Prior to this role, she held the position of Senior Director of Legal Affairs for the airline and before that was a Partner at Brown and Bain law firm in Phoenix.  Kaufman received her law degree from Arizona State University where she graduated magna cum laude. 

“We are delighted to introduce Shirley to Flight Options, the business aviation community and Cleveland,” said S. Michael Scheeringa.

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 over 150 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.

Nextant 400XT Citation X Legacy 600