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Business/Financial

Thales To Acquire Boeing Unit Serving Intelligence Market

By Cal Biesecker

Monday, October 21st, 2024

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Thales To Acquire Boeing Unit Serving Intelligence Market

Thales Defense & Security's existing products include ManPack satellite terminals. Photo: TDSI

A U.S. based business of France’s Thales will acquire a small unit of Boeing [BA] that serves the intelligence, defense, and homeland security markets. Terms of deal were not disclosed. Boeing said it is selling its Digital Receiver Technology (DRY) unit to Maryland-based Thales, Defense & Security, Inc. DRT on its website says it designs and manufactures software defined radios that gather and analyze signals intelligence. Boeing’s defense business acquired DRT in 2008. At the time, the small company had…

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