Raytheon goes on cybersecurity buying spree

Based in Columbia, Md., Henggeler supplies cybersecurity, enterprise architecture, analytics, software, systems engineering, and cloud-based products and services to the US intelligence community and military. Dick Henggeler, president of the company, will be retained by Raytheon.

“The addition of Henggeler will further strengthen Raytheon's capabilities and competitiveness in cybersecurity", said Lynn Dugle, president of Raytheon's Intelligence and Information Systems business.

Based in Madison, Ala., Pikewerks provides cybersecurity analysis and investigation capabilities, as well as security software and forensics to the US military.

Terms of the transactions were not disclosed. The transactions will not materially impact Raytheon's total company sales or earnings per share for the fourth quarter of 2011 or fiscal year 2012.

These transactions are the ninth and tenth cybersecurity acquisitions for the Waltham, Mass.-based defense firm since 2007. The other acquisitions are Oakley Networks (2007), SI Government Solutions (2008), Telemus Solutions (2008), BBN Technologies (2009), Compucat Research (2010), Technology Associates (2010), Trusted Computer Solutions (2010), and Applied Signal Technology (2011).

Raytheon acquired Applied Signal after an intense bidding war among defense firms Cobham, L-3 Communications, and Science Applications International Corp. Raytheon beat out the other firms, paying $490 million for the Sunnyvale, Calif.-based cybersecurity firm.

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