GARLAND, Texas, Oct. 23 (UPI) -- Raytheon reports it has acquired technology development company Teligy Inc., expanding its cybersecurity offerings.
Financial terms of the takeover weren't disclosed. Raytheon, however, said the deal wouldn't "materially impact" company sales or earnings in the current fiscal year or in 2013.
"The Teligy acquisition adds critical wireless capabilities that address the needs of our cyber-security customers in the intelligence, Department of Defense and federal communities," said Lynn Dugle, president of Raytheon's Intelligence and Information Systems business.
"Teligy is comprised of highly skilled and proven performers with strong customer focus and we are excited to welcome them as members of our team."
Teligy has headquarters in South Carolina. It specializes in transitioning prototype and proof-of-concept cyber products into deployable solutions. Its acquisition allows Raytheon to extend its offerings in areas such as vulnerability analysis, reverse engineering and custom kernel software/device driver development.
"We are thrilled with this opportunity to join the Raytheon team," said Jason Yates, Teligy vice president of development. "This acquisition will enable Teligy to rapidly scale our capabilities and bring additional value to both Raytheon and Teligy customers."
Teligy is Raytheon's 10th cyber-related acquisition in the past five years.
