GARLAND, Texas, Sept. 20, 2007 /PRNewswire-FirstCall/ -- Raytheon
Company (NYSE: RTN) announced today that it has entered into an agreement
to acquire Oakley Networks, a leading developer of cyber-security
technology. Terms of the agreement were not released.
Oakley Networks was founded in 2001 to deliver security solutions to
the U.S. government and Fortune 500 companies to protect their most
critical information technology assets from abuse or misuse. The Oakley
platform uniquely combines a broad enterprise monitoring solution with
highly visual investigation and forensics tools that protect against a full
range of cyber threats. The company, which is based in Salt Lake City,
Utah, has 200 employees.
"We're very excited to add Oakley's capabilities to our own portfolio,"
said Michael D. Keebaugh, president, Raytheon Intelligence and Information
Systems. "We believe that Oakley's portfolio of products and technology,
combined with Raytheon's software systems integration expertise, will allow
us to provide the robust information security solutions our customers
need."
Derek Smith, Oakley Networks chief executive officer, said, "Combining
Raytheon's global expertise and capability with our unique cyber-security
solutions will provide customers with the very best protection available to
sustain the confidentiality, integrity and availability of their critical
networks, while preserving vital information sharing capability."
Raytheon Company, with 2006 sales of $20.3 billion, is a technology
leader specializing in defense, homeland security and other government
markets throughout the world. With a history of innovation spanning 85
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. With headquarters in Waltham,
Mass., Raytheon employs 73,000 people worldwide.
Contact:
Jon Kasle
781.522.5110
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
CONTACT:
Jon Kasle of Raytheon Company,
+1-781-522-5110
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