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Raytheon Purchases Sarcos' Robotics Technologies
TEWKSBURY, Mass., Nov. 12, 2007 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has acquired the robotics technologies and capabilities of Sarcos. Based in Salt Lake City, Utah, Sarcos researches and develops technologies in the advanced field of micro-electro mechanical systems. Terms of the transaction were not disclosed.
"With Sarcos we are gaining world-renowned research and development capabilities in robotics technology, providing us with new capabilities to expand our position in this developing growth area," said Dan Smith, president of Raytheon Integrated Defense Systems.
"We look forward to being part of the IDS team," said Dr. Stephen Jacobsen, president of Sarcos. "Joining with Raytheon will help to move our technology from research and development to execution."
Integrated Defense Systems is Raytheon's leader in Joint Battlespace Integration providing affordable, integrated solutions to a broad international and domestic customer base, including the U.S. Missile Defense Agency, the U.S. Armed Forces and the Department of Homeland Security.
Raytheon Company, with 2006 sales of $20.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 85 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 73,000 people worldwide.
Contact: Guy Shields 978.858.5246
SOURCE: Raytheon Company
CONTACT: Guy Shields of Raytheon Company, +1-978-858-5246
Web site: http://www.raytheon.com/