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Raytheon Acquires Virtual Technology Corporation to Broaden Command and Control and Modeling and Simulation Capabilities
MCKINNEY, Texas, July 5, 2006 /PRNewswire-FirstCall/ -- Raytheon Company (NYSE: RTN) has acquired Virtual Technology Corporation (VTC), a leading developer of joint, net-enabled command and control and modeling and simulation solutions (M&S).
VTC has expertise in live, virtual and constructive modeling and simulation and provides ongoing mission support for the Joint Automated Deep Operations Coordination System, a critical tool that VTC developed and fielded to more than 5,000 users. The privately held company based in Alexandria, Va. has approximately 125 employees and was recently named to the Deloitte Technology Fast 500 list. Terms of the acquisition were not disclosed.
"With VTC, Raytheon is adding cutting-edge capabilities that are critical to our customers and our position in net-centric operations and mission system integration," said Colin Schottlaender, president, Network Centric Systems. "Its capabilities have led to the development and implementation of key solutions in some of the most complex DoD M&S programs including the Joint National Training Capability, a key component in the DoD's training transformation architectures."
Raytheon Company, with 2005 sales of $21.9 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.
Note to Editors:
Live, Virtual and Constructive training; Live training is real people in real situations. Virtual training is real people in simulators. Constructive training is simulated entities in simulated situations.
The Deloitte Technology Fast 500 recognizes the 500 fastest-growing technology, media and entertainment, telecommunications and life science companies in the United States and Canada. Rankings are based on percentage revenue growth over a five-year period from 2000-2004. In 2005, Virtual Technology Company was ranked 438.
Contact Steve Brecken Global Headquarters 781.522.5127 Kevin Ramundo Network Centric Systems 972.952.2550
SOURCE: Raytheon Company
CONTACT: Steve Brecken, Global Headquarters, of Raytheon, +1-781-522-
5127, or Kevin Ramundo of Network Centric Systems, +1-972-952-2550
Web site: http://www.raytheon.com/