Raytheon (NYSE: RTN) has bought Blackbird Technologies for approximately $420 million in a move aimed at growing Raytheon’s cybersecurity, ISR and special operations technology offerings.
Herndon-based Blackbird will operate under Raytheon’s intelligence, information and services business organization, Raytheon said Wednesday.
“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, Raytheon’s IIS segment president.
“The combination will bring even more talent, innovation and experience to our customers, ” she added.
Raytheon intends for the acquisition to increase the company’s partnership with the U.S. Special Operations Command and to complement the firm’s command and control, sensor and communications systems portfolio.
The company does not expect the transaction to have a material impact on its 2014 fourth quarter results.