Raytheon acquires technology development firm Teligy, Inc.
Extends critical cybersecurity offerings in wireless communications
GARLAND, Texas, Oct. 22, 2012
GARLAND, Texas, Oct. 22, 2012 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has
acquired Teligy, Inc., a technology development company, further extending
Raytheon's cybersecurity offerings in wireless communications, vulnerability
analysis, reverse engineering and custom kernel software/device driver
development. These critical focus areas represent top priorities of
intelligence, defense and commercial organizations worldwide.
Terms of the transaction were not disclosed. The transaction will not
materially impact Raytheon's total company sales or earnings per share for the
fourth quarter of 2012 or fiscal year 2013.
Teligy excels at transitioning prototype and proof of concept cyber products
into deployable solutions. Coupled with Raytheon's existing expertise, Teligy
enables Raytheon to cover the entire communication stack for both wired and RF
technologies across all relevant platforms, and provides access to emerging
"The Teligy acquisition adds critical wireless capabilities that address the
needs of our cybersecurity customers in the intelligence, DoD and federal
communities," said Lynn Dugle, president of Raytheon's Intelligence and
Information Systems business. "Teligy is comprised of highly skilled and
proven performers with strong customer focus, and we are excited to welcome
them as members of our team."
Founded in 2002, Teligy, Inc., is headquartered in Greer, S.C. Co-founders Vic
Gunter, vice president of Engineering, and Jason Yates, vice president of
Development, will remain with the company.
"We are thrilled with this opportunity to join the Raytheon team," said Yates.
"This acquisition will enable Teligy to rapidly scale our capabilities and
bring additional value to both Raytheon and Teligy customers."
The acquisition of Teligy marks Raytheon's 11th cyber-related acquisition
since 2007. Raytheon continues to build upon its innovative, non-traditional
approaches to cyber resiliency in the face of advanced persistent threats.
Raytheon's three decades of experience in cybersecurity provides customers
with solutions to anticipate, withstand, recover and evolve from cyber attack
and new threats as they emerge.
Raytheon Company, with 2011 sales of $25 billion and 71,000 employees
worldwide, is a technology and innovation leader specializing in defense,
homeland security and other government markets throughout the world. With a
history of innovation spanning 90 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. Raytheon is
headquartered in Waltham, Mass. For more about Raytheon, visit us at
www.raytheon.com and follow us on Twitter @raytheon.
SOURCE Raytheon Company
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