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Business/Financial

Raytheon Acquires Blackbird Technologies, Bolsters Presence With SOCOM

By Cal Biesecker

Wednesday, November 5th, 2014

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Raytheon Acquires Blackbird Technologies, Bolsters Presence With SOCOM

Lynn Dugle, president of Raytheon's Intelligence, Information and Services segment. Photo: Raytheon

Raytheon [RTN] on Wednesday said it has acquired privately held Blackbird Technologies for $420 million, expanding its presence with the Special Operations community and expanding its capabilities in persistent surveillance, secure tactical communications and cyber security. Raytheon did not say what Blackbird’s annual sales are, although it said the acquisition would be immaterial to its fourth quarter sales and earnings. Blackbird, which is based in Northern Virginia, has more than 570 employees. Raytheon said the deal moves it into one…

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