Dulles, Va., USA - November 05, 2014 - Raytheon Company (NYSE: RTN) today announced that it has acquired Blackbird Technologies, a leading provider of persistent surveillance, secure tactical communications and cybersecurity solutions to the Intelligence Community (IC) and special operations market. The purchase price is approximately USD 420 million, subject to post-closing adjustments. The transaction will not materially impact Raytheon sales or earnings per share for the fourth quarter of 2014. Located in Herndon, Virginia, Blackbird will become part of Raytheon Company's Intelligence, Information and Services (IIS) business. With this transaction, Raytheon becomes one of the top industry partners to SOCOM.
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At Blackbird Technologies we don't stop until the job is done.
We work through challenges with persistence and perseverance - whether it be solving a customer problem, providing the best technological resources, or bringing people like you to our team, we are committed to providing excellence.
Courtesy of Raytheon Blackbird Technologies |
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Dulles, Va., USA - November 05, 2014
• Enhances offerings in persistent surveillance, secure tactical communications and cybersecurity solutions in intelligence and special operations markets
Raytheon Company (NYSE: RTN) today announced that it has acquired Blackbird Technologies, a leading provider of persistent surveillance, secure tactical communications and cybersecurity solutions to the Intelligence Community (IC) and special operations market.
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Courtesy of Raytheon Blackbird Technologies |
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The purchase price is approximately $420 million, subject to post-closing adjustments.
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Courtesy of Raytheon Blackbird Technologies |
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The transaction will not materially impact Raytheon sales or earnings per share for the fourth quarter of 2014.
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Courtesy of Raytheon Blackbird Technologies |
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Located in Herndon, Virginia, Blackbird will become part of Raytheon Company's Intelligence, Information and Services (IIS) business.
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Courtesy of Raytheon Blackbird Technologies |
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With customers in the IC, Special Operations Command (SOCOM) and the intelligence organizations supporting the Department of Defense, Blackbird Technologies expands Raytheon's special operations capabilities in tactical intelligence, surveillance and reconnaissance, secure tactical communications and cybersecurity across a broad spectrum of globally dispersed platforms and communications networks.
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Courtesy of Raytheon Blackbird Technologies |
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Courtesy of Raytheon Blackbird Technologies |
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Blackbird Technologies also provides key synergies with Raytheon's existing cybersecurity, sensor, communications and command and control capabilities.
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Courtesy of Raytheon Blackbird Technologies |
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With this transaction, Raytheon becomes one of the top industry partners to SOCOM.
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Courtesy of Raytheon Blackbird Technologies |
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"Blackbird Technologies is a strong fit for Raytheon and enhances the growth prospects of our business and the capabilities we can offer our customers," said Lynn Dugle, President of Raytheon Intelligence Information and Services.
"Blackbird expands Raytheon's already-established footprint in the Intelligence Community market while helping to grow our cyber operations and special missions support to the Department of Defense. The combination will bring even more talent, innovation and experience to our customers."
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Courtesy of Raytheon Blackbird Technologies |
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"Raytheon is driven by innovation and a relentless focus on customer success. We are excited to join a company that is such a great cultural fit for Blackbird's employees and customers," said Peggy Styer, CEO of Blackbird Technologies.
"Raytheon's extraordinary technical depth and our combined capabilities in cyber security, persistent surveillance, and secure tactical communications will allow us to deliver the next generation of end-to-end solutions to our customers in the IC and special operations markets."
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Courtesy of Raytheon Blackbird Technologies |
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Courtesy of Raytheon Blackbird Technologies |
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About Raytheon Blackbird Technologies
Raytheon Blackbird Technologies, Inc. is a technology solutions provider whose mission is to solve challenging problems for customers in the Defense, Intelligence, and Law Enforcement Communities.
Since 1997, we have applied our technical expertise, innovation, and operational experience to meet our customers’ unique and complex challenges.
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Courtesy of Raytheon Blackbird Technologies |
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In early November 2014, Blackbird Technologies became a wholly-owned subsidiary of Raytheon Company.
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Courtesy of Raytheon Blackbird Technologies |
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Raytheon Blackbird Technologies’ engineers, scientists, researchers, and analysts develop practical, field-ready solutions designed to address the toughest issues facing our customers.
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Courtesy of Raytheon Blackbird Technologies |
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We successfully meld science with robust and reliable communications technology; fuse data and create multi-level data dissemination systems; and develop specialized networks that meet stringent requirements for reliability, security, and attribution.
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Courtesy of Raytheon Blackbird Technologies |
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Blackbird's headquarters are in Herndon, Virginia, and we have branch offices in five locations nationwide.
About Raytheon
Raytheon Company, with 2013 sales of $24 billion and 63,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world.
With a history of innovation spanning 92 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 cyber security and a broad range of mission support services.
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Courtesy of Raytheon |
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Raytheon is headquartered in Waltham, Mass., USA.
For more about Raytheon, visit us at www.raytheon.com
and follow us on Twitter @Raytheon.
Media Contact
Raytheon
Lindsey Borg
+1 571.250.1744
iispr@raytheon.com
Video
Blackbird Technologies, Inc.
http://www.youtube.com/watch?v=eDyKgh8cY7M
SOURCE Raytheon Company
http://raytheon.mediaroom.com/index.php
http://www.blackbirdtech.com/
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