Value Delivered -- Raytheon Commercial Ventures Inc. (RCVI)

RCVI was formed in 2001, and over the next 20 months, Raytheon spawned six companies:

	5 GHZ Wireless LAN World’s first 802.11a/802.11b chipset $35 M capital raised from VCs Acquired by Philips November 2002	Spin-in then sale
	Fab-less IC Design -- Software Defined Radio chipset $23 Million raised from VCs in January 2002	VC Spin-out
	Side-Object Detection for automotive blind spot First Customer contract in May 2004	Joint Venture
	Network Security Analysis Software Spun-out as separate company in late 2001 Acquired by Computer Associates in July 2003	Spin-out and sale
	Superior “bullet-proof” and “scratch-proof” glass from transparent aluminum	Spin-in
	Low cost antenna for wireless communications	Spin-in

In all of these, Raytheon contributed Intellectual Property and People, and retained an equity ownership stake in the new company. Over $115 million in external capital raised, and equity of over $50 million “post-money” to Raytheon.

For further information and links to current information on these businesses, please see http://www.rcvi.com/track/current.html.

For press releases and articles about these transactions, please see http://www.rcvi.com/news/index.html.