FALLS CHURCH, Va., Aug. 22, 2005 /PRNewswire-FirstCall/ -- Raytheon
Company (NYSE: RTN) today announced the acquisition of UTD, Inc., a privately
held science and engineering company based in Springfield, Va.
UTD will become part of Raytheon's Intelligence and Information Systems
(IIS) business -- a leading provider of information and intelligence solutions
to government clients. UTD, with annual revenues in excess of $25 million
will add to Raytheon's capabilities in geospatial, geologic and technical
mission support.
"UTD is a strategic fit with our core intelligence business," said
Raytheon IIS President Michael D. Keebaugh. "Most importantly, the unique
skills and offerings of UTD enable us to provide customers with a greater
depth of technological expertise and access to some of the industry's most
state-of-the-art national security technologies."
In an unrelated transaction, Raytheon sold its Debt Management Solutions
operations.
"We are pleased to announce the completion of these transactions. They
are consistent with our strategy to achieve growth by expanding our core
market capabilities through niche acquisitions while shedding non-core
assets," added Keebaugh.
Raytheon Intelligence and Information Systems is a leading provider of
information solutions to the defense and intelligence community. With more
than $2 billion in annual revenue and approximately 9,700 employees, IIS
specializes in signals, imaging and geospatial intelligence, air and space-
borne command and control, ground engineering support, weather and
environmental data management, homeland security and federal information
technology.
Raytheon Company (NYSE: RTN), with 2004 sales of $20.2 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.
Contact:
Charlene Wheeless
703.208.1236
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
CONTACT:
Charlene Wheeless of Raytheon Company,
+1-703-208-1236
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