Funding/M&A

Raytheon Acquires Cybersecurity Firm Blackbird Technologies for $420 Million

Raytheon Expands Military-focused Cybersecurity Offerings With Acquisition of Blackbird Technologies

<p style="text-align: center;"><strong><span>Raytheon Expands Military-focused Cybersecurity Offerings With Acquisition of Blackbird Technologies</span></strong></p>

Raytheon Expands Military-focused Cybersecurity Offerings With Acquisition of Blackbird Technologies

Raytheon announced on Wednesday that it has acquired Blackbird Technologies, a provider communications and cybersecurity solutions to the Intelligence Community (IC), Special Operations Command (SOCOM) and intelligence organizations supporting the Department of Defense, for roughly $420 million. 

Blackbird develops sensors, reconnaissance products, and apps for enterprise and mobile platforms together with secure infrastructure for globally transmitting mission-critical data and protecting critical assets from cyber attacks.

Herndon, Virginia-based Blackbird will become part of Raytheon Company’s Intelligence, Information and Services (IIS) business, and make the company one of the top industry partners to SOCOM.

Blackbird Technologies also provides synergies with Raytheon’s existing cybersecurity, sensor, communications and command and control capabilities, Raytheon said.

“Blackbird Technologies is a strong fit for Raytheon and enhances the growth prospects of our business and the capabilities we can offer our customers,” said Lynn Dugle, President of Raytheon Intelligence Information and Services. “Blackbird expands Raytheon’s already-established footprint in the Intelligence Community market while helping to grow our cyber operations and special missions support to the Department of Defense. The combination will bring even more talent, innovation and experience to our customers.”

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