Raytheon BBN Technologies

New CFO Will Help Position Company for Growth

Cambridge, Mass., May 21, 2007 — BBN Technologies, an advanced technology solutions firm, has announced that Sean Lannan has joined the company as Chief Financial Officer (CFO). In this position, Lannan will direct BBN's external financial activities and investments and execute capital-raising strategies to support BBN's growth.

Before joining BBN, Lannan was Senior Vice President and Treasurer at Polaroid Corporation, a $1 billion international consumer electronics and imaging company, where he led the corporate finance, banking, and investment management activities. Lannan, also, directed corporate administration of international pension plans, insurance, financial planning and analysis, and the 401(k) program, oversaw real estate holdings and supported corporate development activities. Prior to Polaroid, Lannan held senior management roles at Manufacturers’ Services Ltd., an electronics contract manufacturer, Telocity Inc., a broadband infrastructure services provider, and Lucent Technologies, a provider of telecommunications infrastructure. Lannan brings significant experience in strategic finance, mergers & acquisitions, and investor relations to BBN.

Tad Elmer, president and CEO, BBN Technologies, said, "BBN has made tremendous strides in the last few years in transitioning our considerable R&D expertise and intellectual property into businesses that allow us to reach a wider range of markets. Sean's expertise will help us to accelerate along this trajectory and position BBN for long term growth."

"Joining BBN now is an opportunity to work with a company at a very exciting point in its evolution," Lannan said. "BBN has tremendous assets and growth potential levering technologies the company has developed."

Lannan earned his B.A. in Economics and Political Science at Yale University and his MBA from the Wharton School at the University of Pennsylvania. He is a Chartered Financial Analyst (CFA), Certified Treasury Professional (CTP), and a member of the National Association of Corporate Treasurers, the Association for Financial Professionals, Financial Executives International, and the Boston Security Analysts Society.

About BBN Technologies
BBN Technologies, an advanced technology solutions firm, is focused on solving some of the world's most pressing problems. From national security, information security, speech recognition and language translation, to integrating disparate systems and networks, BBN has been at the forefront of technological change for over 50 years. Known for pioneering the development of the ARPANET, the forerunner of the Internet, BBN continues to create advances in Internet and networking technologies through its work on ad hoc networking, the semantic web, quantum communications, and advanced protocols. Building on its substantial list of firsts, BBN operates the first metro quantum cryptography network, the first real-time foreign broadcast monitoring system, and has developed the world's first stereoscopic digital mammography system. For more information on BBN Technologies, visit www.bbn.com.