Market Overview

Raytheon Buys Government Unit of SafeNet, Terms Not Disclosed

Share:
Related RTN
Raytheon Awarded $33M Sonar System Contract
Raytheon To Provide Training Service To US Air Force, 10-Yr Contract Valued At $20.9B
Will Boeing, Airbus Get Grounded By Emerging Markets? (Investor's Business Daily)

 To support the U.S. government's growing need for protected, encrypted data, Raytheon Company (NYSE: RTN) has acquired the Government Solutions business of SafeNet Inc., a privately held data security firm.

Terms of the agreement were not disclosed. The transaction will not materially impact Raytheon's total company sales or earnings per share for the fourth quarter of 2012 or fiscal year 2013.

Posted-In: News M&A

 

Related Articles (RTN)

View Comments and Join the Discussion!

Get Benzinga's Newsletters