GARLAND, Texas, 24 Oct. 2012. Raytheon Co. (NYSE: RTN) has acquired Teligy, Inc., a technology development company, in an effort to expand Raytheon's cybersecurity offerings in wireless communications, vulnerability analysis, reverse engineering and custom kernel software and device driver development. These 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.
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Teligy's specialties include 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 markets.
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.
The acquisition of Teligy is Raytheon's 11th cyber-related acquisition since 2007.