Raytheon acquires technology development firm Teligy, Inc.
Extends critical cybersecurity offerings in wireless communications
GARLAND, Texas, Oct. 22, 2012 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has acquired Teligy, Inc., a technology development company, further extending Raytheon's cybersecurity offerings in wireless communications, vulnerability analysis, reverse engineering and custom kernel software/device driver development. These critical focus areas represent top priorities of intelligence, defense and commercial organizations worldwide.
Terms of the transaction were not disclosed. The transaction will not materially impact Raytheon's total company sales or earnings per share for the fourth quarter of 2012 or fiscal year 2013.
Teligy excels at transitioning prototype and proof of concept cyber products into deployable solutions. Coupled with Raytheon's existing expertise, Teligy enables Raytheon to cover the entire communication stack for both wired and RF technologies across all relevant platforms, and provides access to emerging markets.
"The Teligy acquisition adds critical wireless capabilities that address the needs of our cybersecurity customers in the intelligence, DoD and federal communities," said Lynn Dugle, president of Raytheon's Intelligence and Information Systems business. "Teligy is comprised of highly skilled and proven performers with strong customer focus, and we are excited to welcome them as members of our team."
Founded in 2002, Teligy, Inc., is headquartered in Greer, S.C. Co-founders Vic Gunter, vice president of Engineering, and Jason Yates, vice president of Development, will remain with the company.
"We are thrilled with this opportunity to join the Raytheon team," said Yates. "This acquisition will enable Teligy to rapidly scale our capabilities and bring additional value to both Raytheon and Teligy customers."
The acquisition of Teligy marks Raytheon's 11th cyber-related acquisition since 2007. Raytheon continues to build upon its innovative, non-traditional approaches to cyber resiliency in the face of advanced persistent threats. Raytheon's three decades of experience in cybersecurity provides customers with solutions to anticipate, withstand, recover and evolve from cyber attack and new threats as they emerge.
Raytheon Company, with 2011 sales of $25 billion and 71,000 employees worldwide, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 90 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. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @raytheon.
SOURCE Raytheon Company