Waltham, Mass., USA - July 01, 2016 - Raytheon Company (NYSE: RTN) and Thales (Euronext Paris: HO) have reached an agreement and concluded the transaction to transition the stakeholder positions they each hold in the Thales Raytheon Systems joint venture structure - TRS LLC US Operations and TRS SAS French Operations. The Thales Raytheon Systems joint venture has been restructured to focus solely on NATO agencies and NATO member nations for the delivery of the Air Command and Control System, Theatre Missile Defense, and Ballistic Missile Defense (ACCS).