Steven Hawkins, vice president of Raytheon’s Information Security Solutions in the Intelligence and Information Systems unit, said at the Paris International Air Show that cyber security will increase to become one of Raytheon’s main revenue producing-divisions in the coming years.
“It is a significant focus area for the corporation, ” Hawkins said, “It is one of the major growth areas for us.”
Raytheon Corporation’s cybersecurity is currently a medium to small unit in the intelligence and information division at Raytheon, but Raytheon plans to make cyber security one of its largest assets within the next five years.
Hawkins pointed out that Raytheon was the first to create a cyber security division 3 years ago and hopes to boost revenue with the newfound interest in cyber security . Raytheon is currently the 6th largest government contractor in the US and generates $23 billion annually.
“The whole strategy is to be able to offer an end-to-end solution, ” explained Hawkins. “Some of it we had organically, some of it we acquired, some of it we partnered. A lot of it we’re investing R&D dollars in.”