MCKINNEY, Texas, July 5, 2006 /PRNewswire-FirstCall/ -- Raytheon
Company (NYSE: RTN) has acquired Virtual Technology Corporation (VTC), a
leading developer of joint, net-enabled command and control and modeling
and simulation solutions (M&S).
VTC has expertise in live, virtual and constructive modeling and
simulation and provides ongoing mission support for the Joint Automated
Deep Operations Coordination System, a critical tool that VTC developed and
fielded to more than 5,000 users. The privately held company based in
Alexandria, Va. has approximately 125 employees and was recently named to
the Deloitte Technology Fast 500 list. Terms of the acquisition were not
disclosed.
"With VTC, Raytheon is adding cutting-edge capabilities that are
critical to our customers and our position in net-centric operations and
mission system integration," said Colin Schottlaender, president, Network
Centric Systems. "Its capabilities have led to the development and
implementation of key solutions in some of the most complex DoD M&S
programs including the Joint National Training Capability, a key component
in the DoD's training transformation architectures."
Raytheon Company, with 2005 sales of $21.9 billion, is an industry
leader in defense and government electronics, space, information
technology, technical services, and business and special mission aircraft.
With headquarters in Waltham, Mass., Raytheon employs 80,000 people
worldwide.
Note to Editors:
Live, Virtual and Constructive training; Live training is real people
in real situations. Virtual training is real people in simulators.
Constructive training is simulated entities in simulated situations.
The Deloitte Technology Fast 500 recognizes the 500 fastest-growing
technology, media and entertainment, telecommunications and life science
companies in the United States and Canada. Rankings are based on percentage
revenue growth over a five-year period from 2000-2004. In 2005, Virtual
Technology Company was ranked 438.
Contact
Steve Brecken
Global Headquarters
781.522.5127
Kevin Ramundo
Network Centric Systems
972.952.2550
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
CONTACT:
Steve Brecken, Global Headquarters, of
Raytheon, +1-781-522- 5127, or Kevin Ramundo of Network Centric
Systems, +1-972-952-2550
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