Raytheon Acquires Technology Associates to Expand Cybersecurity Capabilities
WALTHAM, Mass., Oct. 4, 2010 /PRNewswire-FirstCall/ -- Raytheon Company (NYSE: RTN) has acquired Technology Associates Inc., a privately held company that delivers full life-cycle computer engineering to mission-critical programs in the U.S. intelligence community. Technology Associates' capabilities include data extraction and analysis; digital media intercept and exploitation; embedded system programming; and information assurance services.
The transaction is not expected to materially impact total Company sales or earnings per share for the fourth quarter or full year 2010. Terms of the agreement were not disclosed.
With headquarters in Reston, Va., Technology Associates becomes part of Raytheon's Intelligence and Information Systems (IIS) business. Technology Associates President Preston Harrelle joins Raytheon and will continue to lead business operations while taking on a broader cyberstrategy role across the Information Security Solutions (ISS) product line.
"Now more than ever, our customers are acutely aware of the depth and breadth of the cyber threat," said Lynn Dugle, president of IIS. "As a trusted partner to the intelligence community and other government organizations, Raytheon is committed to building the most robust portfolio of solutions to combat these threats. By acquiring Technology Associates and integrating its talent and expertise into our business, we'll further strengthen our ability to meet the evolving needs of our customers."
Established in 1990, Technology Associates has 110 employees and a proven track record of success in serving the intelligence community. Technology Associates extends Raytheon's decades of experience in cybersecurity, information operations and information assurance. Raytheon's defensive solutions protect against breach, fraud, theft and sabotage, while its offensive solutions target the identification and remediation of attack vectors used by today's most sophisticated cyber adversaries.
Raytheon Company, with 2009 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 88 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 75,000 people worldwide.
SOURCE Raytheon Company