The transaction is expected to be non-dilutive to Raytheon's earnings per share in 1997 and to provide increasingly positive contributions to earnings per share thereafter. We are buying a growing, world-class business that competes successfully in several key defense electronics markets where Raytheon is not a significant participant. Our combined operations are highly complementary, making for a powerful extension of our defense electronics business. Raytheon gets tremendous technology and employees who are among the finest in the defense industry.
Employees gain the career opportunities associated with a larger defense company.
And Texas Instruments strengthens its focus on digital solutions for the networked society. David W. Welp, who will serve as president of what will become Raytheon TI Systems, a Raytheon Company subsidiary, will report directly to Mr. Picard. The natural synergies between our businesses will enable both of us to offer customers a far broader array of technologies and products than either of us could offer alone. The outlook and the possibilities are exciting, and we're eager to start work together. The Javelin program is an anti-tank system for the U.S. Army.