RESTATED CERTIFICATE OF INCORPORATION

                                       OF

                                RAYTHEON COMPANY

 

 

 

         Raytheon  Company (the  "Corporation"),  a  corporation  organized  and

existing under the General Corporation Law of the State of Delaware, does hereby

state as follows:

 

         1.  The  present  name of the  Corporation  is  Raytheon  Company.  The

Corporation was originally incorporated under the name "Hughes Aircraft Company"

and its original  Certificate of  Incorporation  was filed with the Secretary of

State on December 17, 1953.

 

         2. This Restated  Certificate of Incorporation  was duly adopted by the

Board of Directors of the  Corporation  in  accordance  with the  provisions  of

Section 245 of the Delaware General Corporation Law.

 

         3.  This  Restated  Certificate  of  Incorporation  only  restates  and

integrates the provisions of the Corporation's  Certificate of Incorporation and

does not  further  amend the  provisions  of the  Corporation's  Certificate  of

Incorporation as heretofore amended or supplemented, and there is no discrepancy

between those provisions and the provisions of this Restated Certificate.

 

                                   Article I.

                                      Name

 

                 The name of the corporation  (which is hereinafter  referred to

as the "Corporation") is: "Raytheon Company"

 

                                   Article II.

                                Registered Agent

 

                 The address of the Corporation's registered office in the State

of Delaware is The Corporation  Trust Center,  1209 Orange Street in the City of

Wilmington, County of New Castle. The name of the Corporation's registered agent

at such address is The Corporation Trust Company.

 

                                  Article III.

                                     Purpose

 

                 The purpose of the Corporation shall be to engage in any lawful

act or activity for which  corporations may be organized and incorporated  under

the General Corporation Law of the State of Delaware (the "DGCL").

 

 

<PAGE>

 

 

 

                                   Article IV.

                                  Capital Stock

 

                 Section 1. The Corporation is authorized to issue 1,650,000,000

shares of capital  stock of which (a)  1,450,000,000  shares  shall be shares of

Common  Stock $.01 par value per share  ("Common  Stock"),  and (b)  200,000,000

shares shall be shares of Preferred  Stock $.0l par value per share  ("Preferred

Stock").

 

                 Section  2.  Common  Stock.   Except  as  provided  herein,  as

otherwise  provided by law or by the  resolution or  resolutions  adopted by the

Board designating the rights,  powers and preferences of any series of Preferred

Stock,  the Common Stock shall have the exclusive right to vote for the election

of  directors  and for all other  purposes,  in each case acting by such vote as

required  under  applicable  law (or by such greater vote than would be required

under  applicable  law as  may be set  forth  herein  or in the  By-laws  of the

Corporation).  Each share of Common  Stock  shall have one vote,  and the Common

Stock shall vote together as a single class on all matters to be voted on by the

Corporation's stockholders.

 

                 Subject to the rights of the  holders of any class or series of

outstanding  Preferred  Stock and  subject  to any other  provisions  hereof and

applicable  law,  holders of Common Stock will be entitled to dividends and such

other distributions in cash, securities or property of the Corporation as may be

declared thereon by the Corporation's  Board of Directors,  out of funds legally

available  therefor,  whether  payable in cash,  property or  securities  of the

Corporation.

 

                 Section 3. Preferred  Stock.  The Preferred Stock may be issued

from  time to time in one or more  series.  The Board is  hereby  authorized  to

provide by resolution  from time to time for the issuance of shares of Preferred

Stock in series and, by filing a certificate  pursuant to the DGCL  (hereinafter

referred to as a "Preferred Stock Designation"),  to establish from time to time

the  number  of  shares  to be  included  in each  such  series,  and to fix the

designation,  powers,  privileges,  preferences and rights of the shares of each

such series and the qualifications,  limitations and restrictions  thereof.  The

authority  of the Board with respect to each series  shall  include,  but not be

limited to, determination of the following:

 

                 (a)  the   designation   of  the   series,   which  may  be  by

distinguishing number, letter or title;

 

                 (b) the number of shares of the series,  which number the Board

may  thereafter   (except  where  otherwise  provided  in  the  Preferred  Stock

Designation)  increase or decrease  (but not below the number of shares  thereof

then outstanding);

 

                 (c)  whether   dividends,   if  any,  shall  be  cumulative  or

noncumulative,  and,  in the case of  shares  of any  series  having  cumulative

dividend  rights,  the date or dates or method of determining  the date or dates

from which dividends on the shares of such series shall be cumulative;

 

                 (d) the rate of any  dividends (or method of  determining  such

dividends)  payable to the holders of the shares of such series,  any conditions

upon which such  dividends  shall be paid and the date or dates or the method of

determining the date or dates upon which such dividends shall be payable;

 

 

                                       -2-

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                 (e) the price or prices (or method of determining such price or

prices) at which,  the form of  payment  of such  price or prices  (which may be

cash,  property  or  rights,   including  securities  of  the  same  or  another

corporation  or other entity) for which,  the period or periods within which and

the terms and  conditions  upon which the shares of such series may be redeemed,

in whole or in part,  at the option of the  Corporation  or at the option of the

holder or holders  thereof or upon the happening of a specified event or events,

if any;

 

                 (f) the  obligation,  if any, of the Corporation to purchase or

redeem  shares of such series  pursuant to a sinking fund or  otherwise  and the

price or prices at which, the form of payment of such price or prices (which may

be cash,  property  or  rights,  including  securities  of the  same or  another

corporation  or other entity) for which,  the period or periods within which and

the terms and conditions  upon which the shares of such series shall be redeemed

or purchased, in whole or in part, pursuant to such obligation;

 

                 (g) the amount payable out of the assets of the  Corporation to

the holders of shares of the series in the event of any voluntary or involuntary

liquidation, dissolution or winding up of the affairs of the Corporation;

 

                 (h)  provisions,  if any, for the conversion or exchange of the

shares  of such  series,  at any time or times at the  option  of the  holder or

holders  thereof or at the option of the  Corporation or upon the happening of a

specified  event or  events,  into  shares of any other  class or classes or any

other  series of the same or any other  class or classes of stock,  or any other

security, of the Corporation,  or any other corporation or other entity, and the

price or prices or rate or rates of conversion  or exchange and any  adjustments

applicable  thereto,  and  all  other  terms  and  conditions  upon  which  such

conversion or exchange may be made;

 

                 (i)  restrictions  on the issuance of shares of the same series

or of any other class or series, if any; and

 

                 (j) the voting rights,  if any, of the holders of shares of the

series.

 

                 Section 4. Series A Junior  Participating  Preferred Stock. The

Board  hereby  authorizes  the  issuance  of the  Series A Junior  Participating

Preferred Stock as follows:

 

                 (a) Designation and Amount.  The shares of such series shall be

designated  as "Series A Junior  Participating  Preferred  Stock" (the "Series A

Preferred  Stock") and the number of shares  constituting the Series A Preferred

Stock shall be 4,000,000. Such number of shares may be increased or decreased by

resolution of the Board of Directors;  provided,  that no decrease  shall reduce

the  number  of shares of  Series A  Preferred  Stock to a number  less than the

number of shares  then  outstanding  plus the  number  of  shares  reserved  for

issuance upon the exercise of  outstanding  options,  rights or warrants or upon

the  conversion  of  any  outstanding   securities  issued  by  the  Corporation

convertible into Series A Preferred Stock.

 

                 (b) Dividends and Distributions.

 

                      (i)  Subject to the rights of the holders of any shares of

any series of Preferred  Stock (or any similar stock) ranking prior and superior

to the Series A Preferred Stock with respect to dividends, the holders of shares

of Series A Preferred Stock, in preference to the

 

 

                                      -3-

<PAGE>

 

holders  of  shares  of Class A Common  Stock  and  Class B Common  Stock of the

Corporation,  and of any other junior stock shall be entitled to receive,  when,

as and if declared by the Board of Directors out of funds legally  available for

the  purpose,  quarterly  dividends  payable  in cash on the first day of March,

June,  September  and  December  in each year (each such date being  referred to

herein  as a  "Quarterly  Dividend  Payment  Date"),  commencing  on  the  first

Quarterly  Dividend Payment Date after the first issuance of a share or fraction

of a share of Series A  Preferred  Stock in an amount per share  (rounded to the

nearest cent) equal to the greater of (A) $1 or (B) subject to the provision for

adjustment  hereinafter  set forth,  100 times the aggregate per share amount of

all cash  dividends,  and 100 times the aggregate  per share amount  (payable in

kind) of all non-cash  dividends or other  distributions,  other than a dividend

payable in shares of Common Stock or a subdivision of the outstanding  shares of

Common Stock (by  reclassification  or otherwise),  declared on the Common Stock

since the immediately preceding Quarterly Dividend Payment Date or, with respect

to the first Quarterly  Dividend  Payment Date,  since the first issuance of any

share or  fraction  of a share of  Series A  Preferred  Stock.  In the event the

Corporation  shall at any time  declare or pay any  dividend on the Common Stock

payable in shares of Common Stock,  or effect a subdivision  or  combination  or

consolidation of the outstanding shares of Common Stock (by  reclassification or

otherwise  than by  payment  of a  dividend  in shares of Common  Stock)  into a

greater or lesser number of shares of Common  Stock,  then in each such case the

amount to which  holders of shares of Series A  Preferred  Stock  were  entitled

immediately prior to such event under clause (B) of the preceding sentence shall

be adjusted by multiplying such amount by a fraction,  the numerator of which is

the number of shares of Common Stock  outstanding  immediately  after such event

and the  denominator  of which is the number of shares of Common Stock that were

outstanding immediately prior to such event.

 

                      (ii)  The   Corporation   shall   declare  a  dividend  or

distribution  on the Series A Preferred  Stock as provided in  paragraph  (i) of

this subsection  immediately after it declares a dividend or distribution on the

Common Stock (other than a dividend payable in shares of Common Stock); provided

that, in the event no dividend or  distribution  shall have been declared on the

Common Stock during the period between any Quarterly  Dividend  Payment Date and

the next subsequent  Quarterly Dividend Payment Date, a dividend of $1 per share

on the Series A Preferred Stock shall nevertheless be payable on such subsequent

Quarterly Dividend Payment Date.

 

                      (iii) Dividends shall begin to accrue and be cumulative on

outstanding  shares of Series A  Preferred  Stock  from the  Quarterly  Dividend

Payment Date next preceding the date of issue of such shares, unless the date of

issue of such  shares  is  prior to the  record  date  for the  first  Quarterly

Dividend  Payment  Date,  in which case  dividends on such shares shall begin to

accrue from the date of issue of such  shares,  or unless the date of issue is a

Quarterly  Dividend  Payment  Date or is a date  after the  record  date for the

determination  of  holders of shares of Series A  Preferred  Stock  entitled  to

receive a quarterly dividend and before such Quarterly Dividend Payment Date, in

either of which events such  dividends  shall begin to accrue and be  cumulative

from such Quarterly  Dividend  Payment Date.  Accrued but unpaid dividends shall

not bear interest.  Dividends paid on the shares of Series A Preferred  Stock in

an amount less than the total  amount of such  dividends at the time accrued and

payable on such shares shall be  allocated  pro rata on a  share-by-share  basis

among all such shares at the time outstanding.  The Board of Directors may fix a

record  date for the  determination  of holders of shares of Series A  Preferred

 

 

                                      -4-

<PAGE>

 

Stock  entitled  to  receive  payment  of a dividend  or  distribution  declared

thereon,  which  record  date  shall be not more than 60 days  prior to the date

fixed for the payment thereof.

 

                 (c) Voting Rights.  The holders of shares of Series A Preferred

Stock shall have the following voting rights:

 

                      (i) Subject to the  provision for  adjustment  hereinafter

set forth,  each share of Series A  Preferred  Stock  shall  entitle  the holder

thereof to 100 votes on all matters  submitted to a vote of the  stockholders of

the Corporation.  In the event the Corporation  shall at any time declare or pay

any dividend on the Common Stock payable in shares of Common Stock,  or effect a

subdivision or combination or consolidation of the outstanding  shares of Common

Stock (by  reclassification or otherwise than by payment of a dividend in shares

of Common Stock) into a greater or lesser number of shares of Common Stock, then

in each such case the  number of votes per share to which  holders  of shares of

Series A Preferred Stock were entitled  immediately prior to such event shall be

adjusted by multiplying such number by a fraction, the numerator of which is the

number of shares of Common Stock  outstanding  immediately  after such event and

the  denominator  of which is the  number of shares  of Common  Stock  that were

outstanding immediately prior to such event.

 

                      (ii) Except as  otherwise  provided  herein,  in any other

Certificate of Designations  creating a series of Preferred Stock or any similar

stock or by law,  the  holders  of shares of  Series A  Preferred  Stock and the

holders of shares of Class B Common  Stock  shall vote  together as one class on

all matters submitted to a vote of stockholders of the Corporation.

 

                      (iii) Except as set forth herein, or as otherwise provided

by law,  holders of Series A Preferred Stock shall have no special voting rights

and their consent shall not be required  (except to the extent they are entitled

to vote  with  holders  of Common  Stock as set forth  herein)  for  taking  any

corporate action.

 

                 (d) Certain Restrictions.

 

                      (i) Whenever  quarterly  dividends  or other  dividends or

distributions  payable on the Series A  Preferred  Stock as  provided in Section

4(b) are in arrears,  thereafter and until all accrued and unpaid  dividends and

distributions,  whether or not declared,  on shares of Series A Preferred  Stock

outstanding shall have been paid in full, the Corporation shall not:

 

                             (A)  declare  or pay  dividends,  or make any other

distributions,  on any shares of stock ranking junior (either as to dividends or

upon liquidation, dissolution or winding up) to the Series A Preferred Stock;

 

                             (B)  declare  or pay  dividends,  or make any other

distributions,  on any  shares  of  stock  ranking  on a  parity  (either  as to

dividends  or upon  liquidation,  dissolution  or winding  up) with the Series A

Preferred  Stock except  dividends paid ratably on the Series A Preferred  Stock

and all such  parity  stock on which  dividends  are  payable  or in  arrears in

proportion to the total amounts to which the holders of all such shares are then

entitled;

 

                             (C) redeem or  purchase  or  otherwise  acquire for

consideration shares of any stock ranking junior (either as to dividends or upon

liquidation, dissolution or winding up) to

 

 

                                      -5-

<PAGE>

 

the Series A  Preferred  Stock  provided  that the  Corporation  may at any time

redeem,  purchase  or  otherwise  acquire  shares  of any such  junior  stock in

exchange for shares of any stock of the Corporation ranking junior (either as to

dividends  or upon  dissolution,  liquidation  or  winding  up) to the  Series A

Preferred Stock; or

 

                             (D) redeem or  purchase  or  otherwise  acquire for

consideration  any  shares of Series A  Preferred  Stock or any  shares of stock

ranking on a parity with the Series A Preferred  Stock except in accordance with

a purchase offer made in writing or by  publication  (as determined by the Board

of  Directors)  to all  holders of such  shares  upon such terms as the Board of

Directors, after consideration of the respective annual dividend rates and other

relative  rights and  preferences  of the respective  series and classes,  shall

determine in good faith will result in fair and  equitable  treatment  among the

respective series or classes.

 

                      (ii) The  Corporation  shall not permit any  subsidiary of

the Corporation to purchase or otherwise acquire for consideration any shares of

stock of the Corporation  unless the Corporation  could,  under paragraph (i) of

this Section 4(d), purchase or otherwise acquire such shares at such time and in

such manner.

 

                 (e) Reacquired  Shares.  Any shares of Series A Preferred Stock

purchased  or otherwise  acquired by the  Corporation  in any manner  whatsoever

shall be retired and canceled promptly after the acquisition  thereof.  All such

shares shall upon their  cancellation  become  authorized but unissued shares of

Preferred  Stock and may be reissued as part of a new series of Preferred  Stock

subject to the conditions and restrictions on issuance set forth herein,  in the

Certificate  of  Incorporation,  or in any  other  Certificate  of  Designations

creating  a series  of  Preferred  Stock or any  similar  stock or as  otherwise

required by law.

 

                 (f)   Liquidation,   Dissolution   or  Winding   Up.  Upon  any

liquidation, dissolution or winding up of the Corporation, no distribution shall

be made (1) to the  holders  of shares of stock  ranking  junior  (either  as to

dividends  or upon  liquidation,  dissolution  or  winding  up) to the  Series A

Preferred  Stock  unless,  prior  thereto,  the  holders  of  shares of Series A

Preferred  Stock shall have  received  $100 per share,  plus an amount  equal to

accrued and unpaid dividends and distributions thereon, whether or not declared,

to the date of such  payment,  provided  that the  holders of shares of Series A

Preferred  Stock  shall be entitled  to receive an  aggregate  amount per share,

subject to the  provision for  adjustment  hereinafter  set forth,  equal to 100

times the aggregate  amount to be distributed  per share to holders of shares of

Common  Stock or (2) to the  holders  of  shares  of stock  ranking  on a parity

(either as to dividends or upon liquidation, dissolution or winding up) with the

Series A  Preferred  Stock  except  distributions  made  ratably on the Series A

Preferred  Stock and all such parity stock in proportion to the total amounts to

which the  holders  of all such  shares  are  entitled  upon  such  liquidation,

dissolution  or  winding  up.  In the event  the  Corporation  shall at any time

declare  or pay any  dividend  on the Common  Stock  payable in shares of Common

Stock,  or  effect  a  subdivision  or  combination  or   consolidation  of  the

outstanding  shares of Common Stock (by  reclassification  or otherwise  than by

payment of a dividend in shares of Common Stock) into a greater or lesser number

of shares of Common Stock then in each such case the  aggregate  amount to which

holders of shares of Series A Preferred Stock were entitled immediately prior to

such event under the proviso in clause (1) of the  preceding  sentence  shall be

adjusted by multiplying  such amount by a fraction the numerator of which is the

number of shares of Common Stock  outstanding  immediately  after such event

 

 

                                      -6-

<PAGE>

 

and the  denominator  of which is the number of shares of Common Stock that were

outstanding immediately prior to such event.

 

                 (g) Consolidation,  Merger,  etc. In case the Corporation shall

enter into any consolidation,  merger, other than the merger of Raytheon Company

with and into the  Corporation,  combination  or other  transaction in which the

shares  of  Common  Stock are  exchanged  for or  changed  into  other  stock or

securities,  cash and/or any other property, then in any such case each share of

Series A  Preferred  Stock  shall at the same  time be  similarly  exchanged  or

changed  into an amount  per  share,  subject to the  provision  for  adjustment

hereinafter  set  forth,  equal  to 100  times  the  aggregate  amount  of stock

securities,  cash and/or any other property  (payable in kind),  as the case may

be, into which or for which each share of Common Stock is changed or  exchanged.

In the event the  Corporation  shall at any time  declare or pay any dividend on

the Common Stock  payable in shares of Common Stock or effect a  subdivision  or

combination  or  consolidation  of the  outstanding  shares of Common  Stock (by

reclassification  or otherwise than by payment of a dividend in shares of Common

Stock)  into a greater or lesser  number of shares of Common  Stock then in each

such case the amount set forth in the  preceding  sentence  with  respect to the

exchange  or change of shares of Series A  Preferred  Stock shall be adjusted by

multiplying  such amount by a fraction,  the numerator of which is the number of

shares  of  Common  Stock  outstanding  immediately  after  such  event  and the

denominator  of  which is the  number  of  shares  of  Common  Stock  that  were

outstanding immediately prior to such event.

 

                 (h) No Redemption. The shares of Series A Preferred Stock shall

not be redeemable.

 

                 (i) Rank. The Series A Preferred Stock shall rank, with respect

to the payment of dividends and the distribution of assets, junior to all series

of any other class of the Corporation's Preferred Stock.

 

                 (j)  Amendment.   The  Certificate  of   Incorporation  of  the

Corporation  shall not be amended in any manner which would  materially alter or

change the powers, preferences or special rights of the Series A Preferred Stock

so as to affect them adversely without the affirmative vote of the holders of at

least  two-thirds of the  outstanding  shares of Series A Preferred Stock voting

together as a single class.

 

                 Section 5.  General.  The Common  Stock shall be subject to the

express terms of the Preferred Stock and any series thereof. Except as otherwise

provided  by  law or by the  resolution  or  resolutions  adopted  by the  Board

designating the rights,  powers and preferences of any series of Preferred Stock

the Common  Stock  shall have the  exclusive  right to vote for the  election of

directors and for all other  purposes,  and holders of Preferred Stock shall not

be entitled to receive notice of any meeting of  stockholders  at which they are

not entitled to vote. The  Corporation  shall be entitled to treat the person in

whose name any share of its stock is  registered  as the owner  thereof  for all

purposes and shall not be bound to recognize any equitable or other claim to, or

interest  in,  such  share on the part of any other  person,  whether or not the

Corporation  shall  have  notice  thereof,   except  as  expressly  provided  by

applicable law.

 

                                   Article V.

 

 

                                      -7-

<PAGE>

 

                               Stockholder Action

 

                 Any  action   required  or   permitted   to  be  taken  by  the

stockholders  of the  Corporation  must be effected  at a duly called  annual or

special  meeting  of such  holders  and may not be  effected  by any  consent in

writing by such holders.  Except as otherwise required by law and subject to the

rights of the holders of any class or series of stock having a  preference  over

the Common  Stock as to  dividends  or upon  liquidation,  special  meetings  of

stockholders  of the  Corporation for any purpose or purposes may be called only

by the Board  pursuant to a resolution  stating the purpose or purposes  thereof

approved by a majority of the total  number of directors  which the  Corporation

would have if there were no vacancies  (the "Whole Board") or by the Chairman of

the  Board  and  any  power  of  stockholders  to  call  a  special  meeting  is

specifically  denied.  No business other than that stated in the notice shall be

transacted at any special meeting.

 

                                   Article VI.

                               Board of Directors

 

                 Section 1. Number,  election and terms. The number of directors

of the  Corporation  shall be,  except as otherwise  fixed by or pursuant to the

provisions  of Article IV  relating to the rights of the holders of any class or

series of stock  having a  preference  over the Common  Stock as to dividends or

upon  liquidation to elect additional  directors under specified  circumstances,

fixed  from time to time  exclusively  pursuant  to a  resolution  adopted  by a

majority of the Whole Board (but shall not be less than three).  The  directors,

other than  those who may be  elected  by the  holders of any class or series of

stock  having  a  preference  over the  Common  Stock  as to  dividends  or upon

liquidation,  shall be  classified,  with  respect  to the time for  which  they

severally  hold  office,  into  three  classes,  as  nearly  equal in  number as

possible,  one class to be originally  elected for a term expiring at the annual

meeting  of  stockholders  to be held in 1998,  another  class to be  originally

elected for a term expiring at the annual meeting of  stockholders to be held in

1999,  and another  class to be  originally  elected for a term  expiring at the

annual meeting of  stockholders  to be held in 2000,  with each director to hold

office until such  person's  successor is duly  elected and  qualified.  At each

succeeding  annual meeting of stockholders,  directors  elected to succeed those

directors  whose  terms then  expire  shall be  elected  for a term of office to

expire at the third  succeeding  annual  meeting  of  stockholders  after  their

election,  with each director to hold office until such person's successor shall

have been duly elected and qualified.

 

                 Section  2.  Stockholder  nomination  of  director  candidates;

Stockholder Proposal of Business.  Advance notice of stockholder nominations for

the election of directors and of the proposal of business by stockholders  shall

be given in the manner  provided in the By-Laws of the  Corporation,  as amended

and in effect from time to time.

 

                 Section 3. Vacancies and newly created directorships. Except as

otherwise  provided for or fixed by or pursuant to the  provisions of Article IV

relating to the rights of the  holders of any class or series of stock  having a

preference  over the Common Stock as to dividends or upon  liquidation  to elect

directors  under specified  circumstances,  (i) vacancies on the Board resulting

from  death,  resignation,  disqualification,  removal or other  cause  shall be

filled by the affirmative vote of a majority of the remaining  directors then in

office, even though

 

 

                                      -8-

<PAGE>

 

less than a quorum of the  Board,  and not by the  stockholders  and (ii)  newly

created  directorships  resulting  from any  increase in the number of directors

after  the  adoption  of a  resolution  by a  majority  of the  Whole  Board  in

accordance  with Section 1 of this Article VI shall be filled by the affirmative

vote of the holders of Common Stock, voting in accordance with the provisions of

Section 2 of Article IV.

 

                 Any  director  appointed in  accordance  with clause (i) of the

preceding sentence shall hold office until the next annual or special meeting of

stockholders  and until such  director's  successor shall have been duly elected

and  qualified.  Any  director  elected in  accordance  with  clause (ii) of the

preceding  sentence  shall hold office for the remainder of the full term of the

class of  director  in which the new  directorship  was  created  and until such

director's successor shall have been duly elected and qualified.  No decrease in

the number of  directors  constituting  the Board shall  shorten the term of any

incumbent director.

 

                 Section  4.  Removal.  Subject  to the  rights  of any class or

series of stock  having a  preference  over the Common  Stock as to dividends or

upon liquidation to elect directors under specified circumstances,  any director

may be removed from office only for cause by the affirmative vote of the holders

of the shares of Common  Stock,  voting in  accordance  with the  provisions  of

Section 2 of Article IV.

 

                                  Article VII.

                                     By-Laws

 

                 The By-Laws  may be altered or repealed  and new By-Laws may be

adopted (1) at any annual or special meeting of stockholders, by the affirmative

vote of the  holders of the shares of Common  Stock  voting in  accordance  with

Section  2 of  Article  IV;  provided,  however,  that in the  case of any  such

stockholder action at a special meeting of stockholders,  notice of the proposed

alteration, repeal or adoption of the new By-Law or By-Laws must be contained in

the notice of such special meeting, or (2) by the affirmative vote of a majority

of the Whole Board.

 

                                  Article VIII.

                    Amendment of Certificate of Incorporation

 

                 The  Corporation  reserves  the  right at any time from time to

time  to  amend,  alter,  change  or  repeal  any  provision  contained  in this

Certificate of Incorporation, and any other provisions authorized by the laws of

the  State of  Delaware  at the time in force may be added or  inserted,  in the

manner now or hereafter prescribed by law; and, except as set forth in Article X

all rights,  preferences  and  privileges of whatsoever  nature  conferred  upon

stockholders,  directors or any other persons whomsoever by and pursuant to this

Certificate  of  Incorporation  in its present form or as hereafter  amended are

granted subject to the right reserved in this Article.

 

                                   Article IX.

                                Corporate Action

 

                 In  addition  to any other  considerations  which the Board may

lawfully take into account,  in  determining  whether to take or to refrain from

taking corporate action on any matter, including making or declining to make any

recommendation  to the  stockholders  of the  Corporation,  the Board may in its

discretion  consider the long-term as well as short-term  best

 

 

                                      -9-

<PAGE>

 

interests of the Corporation (including the possibility that these interests may

be best served by the continued  independence of the  Corporation),  taking into

account,  and weighing as the directors  deem  appropriate,  the effects of such

action  on  employees,  suppliers  and  customers  of the  Corporation  and  its

subsidiaries  and  the  effect  upon  communities  in  which  offices  or  other

facilities of the Corporation  are located,  and any other factors the directors

consider pertinent.

 

 

                                   Article X.

                  Section 1. Limited Liability; Indemnification

 

 

                 Section 1. Limited  Liability of  Directors.  A director of the

Corporation   shall  not  be  personally   liable  to  the  Corporation  or  its

stockholders  for monetary  damages for breach of fiduciary  duty as a director,

except to the extent such exemption from liability or limitation  thereof is not

permitted under the DGCL as the same exists or may hereafter be amended. Neither

the  amendment  nor repeal of  Section 1 of this  Article X shall  eliminate  or

reduce  the  effect of  Section 1 of this  Article X in  respect  of any  matter

occurring, or any cause of action, suit or claim that, but for Section l of this

Article X would accrue or arise, prior to such amendment or repeal.

 

                 Section 2. Indemnification and Insurance.

 

                 (a) Right to Indemnification.  Each person who was or is made a

party or is threatened to be made a party to or is involved in any action,  suit

or  proceeding,   whether  civil,  criminal,   administrative  or  investigative

(hereinafter  a  "proceeding"),  by reason of the fact  that such  person,  or a

person of whom such person is the legal representative,  is or was a director or

officer  of  the  Corporation  or is or  was  serving  at  the  request  of  the

Corporation as a director or officer of another corporation or of a partnership,

joint  venture,  trust or other  enterprise,  including  service with respect to

employee  benefit plans,  whether the basis of such proceeding is alleged action

in an official  capacity as a director or officer or in any other capacity while

serving as a director or officer shall be  indemnified  and held harmless by the

Corporation to the fullest extent  authorized by the DGCL, as the same exists or

may hereafter be amended (but, in the case of any such amendment, to the fullest

extent  permitted  by law,  only to the extent that such  amendment  permits the

Corporation to provide  broader  indemnification  rights than said law permitted

the  Corporation  to provide  prior to such  amendment),  against  all  expense,

liability and loss (including attorneys' fees, judgment,  fines, amounts paid or

to be paid in  settlement,  and  excise  taxes or  penalties  arising  under the

Employee Retirement Income Security Act of 1974, as in effect from time to time)

reasonably incurred or suffered by such person in connection  therewith and such

indemnification shall continue as to a person who has ceased to be a director or

officer,  and shall inure to the benefit of such person's  heirs,  executors and

administrators;  provided, however, that, except as provided in paragraph (b) of

this  Section,   the  Corporation   shall  indemnify  any  such  person  seeking

indemnification  in connection with a proceeding (or part thereof)  initiated by

such person only if such  proceeding  (or part  thereof) was  authorized  by the

Board.  The  right  to  indemnification  conferred  in this  Section  shall be a

contract  right and shall  include  the  right to have the  Corporation  pay the

expenses  incurred  in  defending  any such  proceeding  in advance of its final

disposition;  any  advance  payments  to be paid by the  Corporation  within  20

calendar days after the receipt by the  Corporation of a statement or

 

 

                                      -10-

<PAGE>

 

statements  from the claimant  requesting  such advance or advances from time to

time;  provided,  however,  that,  if and to the extent the DGCL  requires,  the

payment of such  expenses  incurred  by a director  or officer in such  person's

capacity  as a  director  or  officer  (and not in any other  capacity  in which

service  was or is  rendered  by  such  person  while  a  director  or  officer,

including,  without limitation,  service to an employee benefit plan) in advance

of the final  disposition  of a proceeding,  shall be made only upon delivery to

the Corporation of an undertaking,  by or on behalf of such director or officer,

to repay all amounts so advanced if it shall  ultimately be determined that such

director or officer is not  entitled  to be  indemnified  under this  Section or

otherwise.  The Corporation  may, to the extent  authorized from time to time by

the Board, grant rights to  indemnification,  and rights to have the Corporation

pay the expenses  incurred in defending  any  proceeding in advance of its final

disposition,  to any employee or agent of the  Corporation to the fullest extent

of the  provisions  of this  Article  with  respect to the  indemnification  and

advancement of expenses of directors and officers of the Corporation.

 

                 (b) Right of Claimant to Bring Suit. If a claim under paragraph

(a) of this  Section is not paid in full by the  Corporation  within 30 calendar

days after a written  claim has been received by the  Corporation,  the claimant

may at any time  thereafter  bring suit against the  Corporation  to recover the

unpaid amount of the claim and, if successful in whole or in part,  the claimant

shall be  entitled  to be paid also the expense of  prosecuting  such claim.  It

shall be a defense to any such action (other than an action brought to enforce a

claim for expenses  incurred in defending any proceeding in advance of its final

disposition  where  the  required  undertaking,  if any is  required,  has  been

tendered  to the  Corporation)  that the  claimant  has not met the  standard of

conduct  which  makes it  permissible  under  the DGCL  for the  Corporation  to

indemnify  the claimant for the amount  claimed,  but the burden of proving such

defense  shall be on the  Corporation.  Neither the  failure of the  Corporation

(including  its  Board  of  Directors,   independent   legal  counsel,   or  its

stockholders)  to have made a  determination  prior to the  commencement of such

action  that  indemnification  of the  claimant  is proper in the  circumstances

because the claimant has met the applicable standard of conduct set forth in the

DGCL,  nor an actual  determination  by the  Corporation  (including  its Board,

independent legal counsel,  or its  stockholders)  that the claimant has not met

such applicable standard of conduct,  shall be a defense to the action or create

a presumption that the claimant has not met the applicable standard of conduct.

 

                 (c) Non-Exclusivity of Rights. The right to indemnification and

the payment of expenses  incurred in  defending a  proceeding  in advance of its

final disposition  conferred in this Section shall not be exclusive of any other

right which any person (including,  without limitation, any person other than an

officer or director of the Corporation) may have or hereafter  acquire under any

statute, provision of the Certificate of Incorporation, By-Laws, agreement, vote

of  stockholders  or  disinterested   directors  or  otherwise.   No  repeal  or

modification  of this Article shall in any way diminish or adversely  affect the

rights of any director or officer of the Corporation hereunder in respect of any

occurrence or matter arising prior to any such repeal or modification.

 

                 (d) Insurance.  The Corporation may maintain insurance,  at its

expense, to protect itself and any director,  officer,  employee or agent of the

Corporation or another corporation,  partnership,  joint venture, trust or other

enterprise  against  any such  expense,  liability  or loss,

 

 

                                      -11-

<PAGE>

 

whether or not the  Corporation  would have the power to  indemnify  such person

against such expense, liability or loss under the DGCL.

 

                 (e)  Severability.  If any  provision  or  provisions  of  this

Article X shall be held to be invalid,  illegal or unenforceable  for any reason

whatsoever:  (1) the  validity,  legality and  enforceability  of the  remaining

provisions of this Article X (including, without limitation, each portion of any

paragraph of this Article X containing  any such  provision  held to be invalid,

illegal or  unenforceable,  that is not itself  held to be  invalid,  illegal or

unenforceable)  shall not in any way be affected or impaired thereby, and (2) to

the fullest  extent  possible,  the  provisions  of this  Article X  (including,

without  limitation,  each  such  portion  of any  paragraph  of this  Article X

containing  any such  provision  held to be invalid,  illegal or  unenforceable)

shall  be  construed  so as to  give  effect  to the  intent  manifested  by the

provision held invalid, illegal or unenforceable.

 

                  IN WITNESS  WHEREOF,  the Corporation has caused this Restated

Certificate of Incorporation to be duly executed this 2nd day of April, 2002.

 

                                          RAYTHEON COMPANY

 

 

 

                                          By: /s/ John W. Kapples

                                              John W. Kapples

                                              Vice President and Secretary

 

 

 

 

CERTIFICATE OF AMENDMENT

of

RESTATED CERTIFICATE OF INCORPORATION

of

RAYTHEON COMPANY

 

Raytheon Company, a corporation organized under the Delaware General Corporation Law, does hereby certify as follows:

 

 

1.

 

The name of the corporation (the “Corporation”) is Raytheon Company.

 

 

2.

 

That at a meeting of the Board of Directors of Raytheon Company, resolutions were duly adopted setting forth the following proposed amendment to the Restated Certificate of Incorporation of said Corporation, declaring said amendment to be advisable and calling upon the Corporation’s stockholders to consider said amendment at it next annual meeting of stockholders. The resolution adopted by the Board is as follows:

 

VOTED: That The Restated Certificate of Incorporation of the Corporation be, and it hereby is, amended by deleting Article VI thereof in its entirety and by substituting in lieu thereof the following:

 

Section 1Number, election and terms. The number of directors of the Corporation shall be, except as otherwise fixed by or pursuant to the provisions of Article IV relating to the rights of the holders of any class or series of stock having a preference over the Common Stock as to dividends or upon liquidation to elect additional directors under specified circumstances, fixed from time to time exclusively pursuant to a resolution adopted by a majority of the Whole Board (but shall not be less than three). The term of office of each director who is in office immediately prior to the closing of the polls for the election of directors at the 2006 annual meeting of stockholders shall expire at such time. From and after the 2006 annual meeting of stockholders, each director, other than those who may be elected by the holders of any class or series of stock having a preference over the Common Stock as to dividends or upon liquidation, shall be elected to hold office for a term of one year, until the next annual meeting of stockholders and until such person’s successor is duly elected and qualified.

 

Section 2Stockholder nomination of director candidates; Stockholder Proposal of Business. Advance notice of stockholder nominations for the election of directors and of the proposal of business by stockholders shall be given in the manner provided in the By-Laws of the Corporation, as amended and in effect from time to time.


Section 3Vacancies and newly created directorships. Except as otherwise provided for or fixed by or pursuant to the provisions of Article IV relating to the rights of the holders of any class or series of stock having a preference over the Common Stock as to dividends or upon liquidation to elect directors under specified circumstances, any vacancy on the Board for any reason and newly created directorships resulting from any increase in the number of directors shall be filled by the affirmative vote of a majority of the remaining directors then in office, even though less than a quorum of the Board. Any director elected in accordance with this Section 3 of Article VI shall hold office until the next annual or special meeting of stockholders at which directors are to be elected and until such director’s successor shall have been duly elected and qualified.

 

Section 4Removal. Subject to the rights of any class or series of stock having a preference over the Common Stock as to dividends or upon liquidation to elect directors under specified circumstances, any director may be removed from office with or without cause by the affirmative vote of the holders of the shares of Common Stock, voting in accordance with the provisions of Section 2 of Article IV.

 

 

3.

 

Thereafter, pursuant to resolution of the Board of Directors, the amendment was approved by the requisite number of shares at the Corporation’s annual stockholders’ meeting duly called and held upon notice given in accordance with Section 222 of the Delaware General Corporation Law.

 

 

4.

 

This Amendment to the Restated Certificate of Incorporation of the Corporation set forth above has been duly adopted in accordance with Section 242 of the Delaware General Corporation Law.

 

This Certificate has been duly executed by the undersigned on behalf of the Corporation on May 5, 2005.

 

 

 

 

 

CERTIFICATE OF AMENDMENT

of

RESTATED CERTIFICATE OF INCORPORATION

of

RAYTHEON COMPANY

Raytheon Company, a corporation organized under the Delaware General Corporation Law, does hereby certify as follows:

 

 

1.

The name of the corporation (the “Corporation”) is Raytheon Company.

 

 

2.

The Restated Certificate of Incorporation of the Corporation was filed with the Secretary of State of the State of Delaware on April 2, 2002 and was amended on May 5, 2005.

 

 

3.

That at a meeting of the Board of Directors of the Corporation, resolutions were duly adopted setting forth the following proposed amendment to the Restated Certificate of Incorporation, as amended, of said Corporation, declaring said amendment to be advisable and calling upon the Corporation’s stockholders to consider said amendment at its next annual meeting of stockholders.

VOTED: To delete Article V of the Restated Certificate of Incorporation, as amended, in its entirety and substitute in lieu thereof the following:

Article V

Stockholder Action

Any action required or permitted to be taken by the stockholders of the Corporation must be effected at a duly called annual or special meeting of such holders and may not be effected by any consent in writing by such holders. Except as otherwise required by law and subject to the rights of the holders of any class or series of stock having a preference over the Common Stock as to dividends or upon liquidation, special meetings of stockholders of the Corporation for any purpose or purposes may be called only (i) by the Board pursuant to a resolution stating the purpose or purposes thereof approved by a majority of the total number of directors which the Corporation would have if there were no vacancies (the “Whole Board”), (ii) by the Chairman of the Board, or (iii) pursuant to the written request of the holders of not less than twenty-five percent (25%) of the outstanding shares of the Corporation’s voting capital stock, as specified in and subject to the provisions and conditions of the Corporation’s By-Laws. No business other than that stated in the notice shall be transacted at any special meeting.

 

 

4.

Thereafter, pursuant to resolution of the Board of Directors, the above amendment was approved by the requisite number of shares at the Corporation’s annual stockholders’ meeting on May 27, 2010, duly called and held upon notice given in accordance with Section 222 of the Delaware General Corporation Law.


 

5.

This Amendment to the Restated Certificate of Incorporation of the Corporation, as amended, set forth above has been duly adopted in accordance with Section 242 of the Delaware General Corporation Law.

This Certificate has been duly executed by the undersigned on behalf of the Corporation on June 2, 2010.

 

RAYTHEON COMPANY

/s/ Jay B. Stephens

Jay B. Stephens

Senior Vice President, General Counsel and Secretary

 

 

[As Filed: 07-29-2010]