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Raytheon acquires special operations and cybersecurity firm Blackbird Technologies for USD 420 million 2014.11.08

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.

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
 

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.

Courtesy of Raytheon Blackbird Technologies
 
The purchase price is approximately $420 million, subject to post-closing adjustments.

Courtesy of Raytheon Blackbird Technologies
 
The transaction will not materially impact Raytheon sales or earnings per share for the fourth quarter of 2014.

Courtesy of Raytheon Blackbird Technologies
 
Located in Herndon, Virginia, Blackbird will become part of Raytheon Company's Intelligence, Information and Services (IIS) business.

Courtesy of Raytheon Blackbird Technologies
 
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.

Courtesy of Raytheon Blackbird Technologies
 

Courtesy of Raytheon Blackbird Technologies
 
Blackbird Technologies also provides key synergies with Raytheon's existing cybersecurity, sensor, communications and command and control capabilities.

Courtesy of Raytheon Blackbird Technologies
 
With this transaction, Raytheon becomes one of the top industry partners to SOCOM.

Courtesy of Raytheon Blackbird Technologies
 
"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."

Courtesy of Raytheon Blackbird Technologies
 
"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."

Courtesy of Raytheon Blackbird Technologies
 

Courtesy of Raytheon Blackbird Technologies
 

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.

Courtesy of Raytheon Blackbird Technologies
 
In early November 2014, Blackbird Technologies became a wholly-owned subsidiary of Raytheon Company.

Courtesy of Raytheon Blackbird Technologies
 
Raytheon Blackbird Technologies’ engineers, scientists, researchers, and analysts develop practical, field-ready solutions designed to address the toughest issues facing our customers.

Courtesy of Raytheon Blackbird Technologies
 
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.

Courtesy of Raytheon Blackbird Technologies
 
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.

Courtesy of Raytheon
 
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/  



ASTROMAN Magazine - 2014.09.27

Raytheon awarded $251 million Tomahawk missile contract

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1798  


ASTROMAN Magazine – 2014.09.04

U.S. Government Gives Green Light to Lockheed Martin Team's JLTV Production Plans

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ASTROMAN Magazine – 2014.08.16

Lockheed Martin Commercial Launch Services Successfully Launches WorldView-3 Satellite

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ASTROMAN Magazine – 2014.08.09

Boeing Awarded $250 Million Contract to Modernize NATO AWACS Fleet

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1771  


ASTROMAN Magazine – 2014.07.29

Poland's TELDAT signs Letter of Intent with Raytheon

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1765  


ASTROMAN Magazine - 2014.06.19

Poland's Bumar Elektronika and Raytheon Partner to Develop New Patriot IFF Antenna

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1735  


ASTROMAN Magazine - 2014.05.17

Raytheon welcomes new CEO Thomas A. Kennedy and discuss his vision for Raytheon and industry

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1713  


ASTROMAN Magazine - 2014.01.20

Thomas Kennedy will succeed William Swanson as the Chief Executive Officer of Raytheon Company

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1643  


ASTROMAN Magazine - 2011.12.18

Raytheon Awarded $685.7 Million for New Patriot Systems for Taiwan

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1124  


ASTROMAN Magazine - 2011.03.26

Raytheon Completes Upgrade Third Early Warning Radar

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=928  


ASTROMAN Magazine - 2010.11.13

Raytheon Expands Cybersecurity Portfolio with Acquisition of Trusted Computer Solutions

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=843  


ASTROMAN Magazine - 2010.03.05

Raytheon Names William F. Kiczuk Vice President, CTO

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=673  



Editor-in-Chief of ASTROMAN magazine: Roman Wojtala, PhD.


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