RAYTHEON AND ANGEL TECHNOLOGIES TEAM FOR AIRBORNE  METROPOLITAN AREA BROADBAND WIRELESS SERVICE

Teaming Agreement follows successful Inaugural Flight Of the HALO-Proteus Aircraft


LEXINGTON, Mass., November 4, 1998) -- Raytheon Company (NYSE: RTNA, RTNB) and Angel Technologies Corporation, a privately held, St. Louis-based corporation, today announced that they have signed a teaming agreement for
the joint pursuit of stratospheric broadband wireless business
opportunities.   Raytheon has been working with Angel Technologies since 1996 to demonstrate the feasibility of broadband wireless services using High Altitude Long Operation (HALO) aircraft. This teaming agreement formalizes their
partnership to extend these activities into a successful business
venture.

Angel Technologies' HALO aircraft design, called HALO-Proteus, will carry a large antenna high above the center of a city to deliver very high-speed communications services. Augmenting terrestrial towers and orbiting satellites,
the HALO aircraft will fly fixed patterns in the stratosphere to
provide metropolitan wireless services at lower cost, with increased flexibility and improved quality of service. Working with corporate partners like Raytheon, Angel will deliver a variety of fixed and mobile wireless services including
voice, data and video.

In an August flight test using ground and airborne electronics
developed by Raytheon, the companies jointly demonstrated a record-breaking 52 megabit- per- second wireless link between the ground and Angels' HALO Network testbed aircraft in flight.
"This teaming agreement, which follows our recent joint
record breaking wireless broadband network demonstrations, represents the recognition of the excellent fit between Raytheon's innovative products and technologies and Angel's entrepreneurial business model.," said Christine Davis, executive vice president and general manager of Raytheon Systems Company's Sensors
and Electronic Systems segment.  Under the teaming agreement, Raytheon will have responsibility as the prime electronics systems integrator for both the airborne and ground  segments of the HALO network. Raytheon will leverage its extensive capabilities in complex integrated RF systems and digital technologies to architect the HALO network.  "This agreement will provide Angel Technologies with an excellent strategic partner for the electronics systems portion of the HALO Network, 8
said Marc Arnold, chairman and chief executive officer of Angel
Technologies. "We are pleased that Raytheon shares our vision of providing ubiquitous wireless broadband services over metropolitan areas and we look forward to a long and prosperous relationship."  Angel Technologies recently held its inaugural flight demonstration of the HALO-Proteus Aircraft and has announced an agreement with Wyman-Gordon Company for the certification and production of 100 HALO Aircraft.


Raytheon Company, based in Lexington, Mass., is a global technology leader that provides products and services in the areas of commercial and defense electronics, engineering and construction, and business and special mission aircraft. Raytheon has operations throughout the United States and serves customers in more than 80 countries around the world.
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NOTE TO EDITORS: Angel Technologies, HALO, HALO-Proteus, HALONetwork, and Cone of Commerce are trade marks of Angel Technologies Corporation.
All other trademarks and trade names are the property of their
respective companies

 

About Angel Technologies

Angel Technologies Corporation, with headquarters in St. Louis, Mo., is a privately-held wireless communications company using proprietary High Altitude Long Operation (HALO™) aircraft to deliver services worldwide. Augmenting terrestrial towers and orbiting satellites, Angel's HALO aircraft will fly fixed patterns in the stratosphere above major cities to deliver metropolitan wireless services at lower cost, with increased flexibility and improved quality of service. Teamed with corporate partners, Angel will deliver a variety of fixed and mobile wireless services including voice, data and video. The HALO Network will enable individual consumers and businesses to send and receive data at multi-megabit per second rates. It will be replicated over metropolitan centers throughout the world. Additional information can be found at website: http://www.broadband.com.

 

About Wyman-Gordon Company

Wyman-Gordon Company [Nasdaq:WYMN] is a leading manufacturer of high-quality, technologically-advanced forgings, investment castings and composite structures for use in the commercial and defense aerospace, commercial power and energy, and performance product markets. Additional information can be found at website:
http://www.wyman-gordon.com

This press release contains forward-looking statements made in reliance upon the safe harbor of the Private Securities Litigation Reform Act of 1995. Such forward looking statements involve a number of assumptions, risks and uncertainties that could cause actual results of the Company to differ materially from those matters expressed in or implied by such forward-looking statements.

NOTE TO EDITORS: Angel Technologies™, HALO™, HALO-Proteus™, and HALO Network™ are trademarks of Angel Technologies Corporation. All other trademarks and trade names are the property of their respective companies.


Contact:

Angel Technologies
Diane Murphy
Federal City Communications Corp.
Tel: 202/662-1280
Fax: 202/662-1281

EMail: diane@broadband.com


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