Raytheon Purchases SI Government Solutions
Expands capability in information assurance and information operations markets
GARLAND, Texas, April 18, 2008 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has acquired SI Government Solutions, a leading provider of proprietary software security solutions to the U.S. intelligence community. Terms of the transaction were not disclosed.
SI Government Solutions, based in Melbourne, Fla., was founded in 2005 to deliver targeted vulnerability assessment capabilities that protect complex and critical information technology assets of government customers.
"We are excited to add SI Government Solutions to our information security portfolio, further strengthening our growth in this area and enabling Raytheon to create a world-class, end-to-end information assurance and information operations capability," said Michael D. Keebaugh, president, Raytheon Intelligence and Information Systems (IIS).
Keebaugh noted that Raytheon has focused its efforts in the emerging cyber security market under the IIS business where expertise clearly addresses an environment of ever-changing threats. He added: "Protecting critical infrastructures is rapidly becoming one of the most complex and critical challenges our customers face today. The purchase of SI Government Solutions, combined with our earlier acquisition of Oakley Networks and existing assets, gives Raytheon even stronger capabilities to address our customers' growing challenges."
Terry Gillette, SI Government Solutions president and CEO, said, "Combining Raytheon's 25-year history of information assurance expertise and capability with our unique vulnerability assessment solutions will provide customers with superb domain knowledge and expertise in information assurance."
Based in Garland, Texas, Raytheon IIS is a leading provider of information and intelligence solutions to the government. Raytheon IIS has annual revenues of approximately $2.7 billion and employs more than 9,000 engineering and technical professionals worldwide.
Raytheon Company, with 2007 sales of $21.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 86 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.
Contact: Keith Little 703.849.1675
SOURCE: Raytheon Company
CONTACT: Keith Little of Raytheon Company, +1-703-849-1675
Web site: http://www.raytheon.com/