Current Report Filing (8-k)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (date of earliest event reported): August 18, 2014

RAYTHEON COMPANY

(Exact name of registrant as specified in its charter)



Delaware (State of Incorporation)	1-13699 (Commission File Number)	95-1778500 (IRS Employer Identification Number)

870 Winter Street, Waltham, Massachusetts 02451

(Address of Principal Executive Offices) (Zip Code)

(781) 522-3000

(Registrant’s telephone number, including area code)

________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

________________________________________________________________

Item 8.01. Other Events

On August 15, 2014, Raytheon Systems Limited (“RSL”) received a decision from the Arbitration Tribunal in connection with the arbitration proceeding between RSL and the U.K. Home Office (the “Home Office”) relating to the parties’ dispute over the Home Office’s purported default termination of RSL on the eBorders program in 2010. The Tribunal found that the Home Office had unlawfully terminated RSL for default and had therefore repudiated the eBorders contract with RSL. Accordingly, the Tribunal denied the Home Office’s claims for damages and clawback of previous payments. The Tribunal awarded RSL damages and other monetary relief of approximately £185 million (approximately $309 million based on foreign exchange rates as of August 15, 2014). In addition, the Tribunal found that the Home Office had wrongfully retained the £50 million (approximately $83 million based on foreign exchange rates as of August 15, 2014) it had drawn on RSL letters of credit in April 2011. The Tribunal also reserved ruling on costs and on the quantification of interest payable to RSL for a later date.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

99.1 Press Release issued by Raytheon Company dated August 18, 2014.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



	RAYTHEON COMPANY

Date: August 18, 2014	By:_/s/ Jay B. Stephens___________________
	Jay B. Stephens
	Senior Vice President, General Counsel and
	Secretary

EXHIBIT INDEX



Exhibit No.		Description
99.1		Press release issued by Raytheon Company dated August 18, 2014.

Exhibit 99.1

Raytheon Company Global Headquarters

Waltham, Mass.

Media Contact

Mike Doble

+1.703.284.4345

corporatepr@raytheon.com

For Immediate Release

Raytheon Receives Arbitration Award relating to the eBorders Program

WALTHAM, Mass., (August 18, 2014) - Raytheon Company (NYSE: RTN) announced today its receipt of a decision in the arbitration between Raytheon Systems Limited (RSL, which is also known as Raytheon UK) and the United Kingdom Home Office relating to the eBorders program. The Arbitration Tribunal found that the Home Office had unlawfully terminated RSL for default in 2010 and therefore had repudiated the eBorders contract. The Tribunal denied all Home Office claims for damages and clawback of previous payments.

The Tribunal awarded to RSL damages and other monetary relief of approximately £185 million ($309 million). It also found that the Home Office had wrongfully retained the £50 million ($83 million) it had drawn on RSL letters of credit in April 2011. The Tribunal reserved ruling on costs and on the quantification of interest payable to RSL.

The Tribunal’s ruling confirms that RSL delivered substantial capabilities to the UK Home Office under the eBorders program. Raytheon remains committed to partnering with the UK Government on key defense, national security and commercial pursuits.

About Raytheon

Raytheon Company, with 2013 sales of $24 billion and 63,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 92 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as cyber security and a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @raytheon.

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