Raytheon Acquires Telemus Solutions, Inc.
Acquisition strengthens capability as a provider of critical information security and intelligence services
GARLAND, Texas, July 28, 2008 /PRNewswire-FirstCall/ -- Raytheon Company (NYSE: RTN) has acquired Telemus Solutions, Inc., a provider of information security, intelligence and technical services to defense, intelligence and other federal customers. Terms of the transaction were not disclosed.
Based in Falls Church, Va., Telemus delivers customized solutions in infrastructure protection, engineering, research and analysis that help customers detect, defer, and delay potential security threats.
"This acquisition represents Raytheon's latest step in building an end-to-end information security offering to address our customers' most critical security needs," said Michael D. Keebaugh, president, Raytheon Intelligence and Information Systems. "The purchase of Telemus underscores Raytheon's continued focus on the emerging cyber security market and demonstrates our leadership in providing technologies that solve our customers' most complex information security challenges."
Jon Monett, CEO of Telemus, commented: "We are pleased to be combining our capabilities with Raytheon's proven leadership in the critical information operations and security arena. The difficult challenges faced by our nation need to be met with mission-focused talent, experience and agility."
Based in Garland, Texas, Raytheon IIS is a leading provider of information and intelligence solutions to the government. Raytheon IIS had 2007 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, +1-703-849-1675, for Raytheon Company
Web site: http://www.raytheon.com/