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Business/Financial

Raytheon Acquires Developer Of Small UAS Systems

By Cal Biesecker

Monday, January 26th, 2015

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Raytheon Acquires Developer Of Small UAS Systems

Taylor Lawrence, president of Raytheon Missile Systems. Photo: Raytheon

Raytheon [RTN] on Monday said it has acquired Sensintel, a small Arizona-based firm that develops and produces small unmanned aircraft systems (UAS) for the intelligence and special operations markets.Terms of the deal were not disclosed but Raytheon said it would not be material to its first quarter or full-year results in 2015. The business will become part of Raytheon’s Missile Systems segment.Sensintel was divested by Britain’s BAE Systems in 2013, which had purchased the business in 2008 for $14.7 million…

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