In the company’s 11th cybersecurity-related acquisition in the past six years, Raytheon Co. (NYSE: RTN) has bought a South Carolina-based technology developer as it looks to expand its ability to provide defense, intelligence and commercial customers with wireless services.
The Waltham, Mass.-based contractor did not disclose the terms of the deal and said it will not affect total sales or earnings per share through its 2013 fiscal year.
Teligy Co. specializes in “transitioning prototype and proof of concept cyber products into deployable solutions, ” according to Raytheon’s announcement, and will work to grow Raytheon’s wireless, reverse engineering and vulnerability analysis offerings.
The release also notes Raytheon wants to use the deal to grow its access to emerging markets and develop custom kernal software and device drivers.
“The Teligy acquisition adds critical wireless capabilities that address the needs of our cybersecurity customers in the intelligence, DoD and federal communities, ” said Lynn Dugle, president of Raytheon’s intelligence and information systems business.
Teligy’s co-founders Vic Gunter and Jason Yates, who currently serve as vice president of engineering and VP of development, respectively, will stay on with Raytheon.