Raytheon Acquires Houston Associates, Inc.; Strengthens Position in Command and Control, Network Infrastructure, and Services
MCKINNEY, Texas, Jan. 24, 2006 /PRNewswire-FirstCall/ -- Raytheon Company (NYSE: RTN) has acquired Houston Associates, Inc. (HAI), a privately held company with proficiency in developing and operating mission-critical networks and network-centric command and control infrastructure applications, and in providing enterprise management services. HAI, based in Arlington, Va., will become part of Raytheon's Network Centric Systems business. Financial terms of the acquisition were not disclosed.
"The acquisition of Houston Associates will broaden our ability to meet and exceed expanding customer program requirements within the Defense Information Systems Agency, other government agencies and private sector arenas," said Colin Schottlaender, president of Raytheon Network Centric Systems. "Combining HAI's unique capabilities with Raytheon's program expertise will help expand our product lines, improve our competitiveness and enhance our overall growth potential in the marketplace."
Raytheon Company, with 2004 sales of $20.2 billion, is an industry leader in defense and government electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs 80,000 people worldwide.
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SOURCE: Raytheon Company
CONTACT: Patricia Perlini of Raytheon Company, +1-972-952-4033
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