Raytheon said the deal will not change its earnings per share in fiscal year 2012 or the fourth quarter of 2011. Pikewerks’ CEO Michael Ring and its founder and president Sandy Ring will stay on with Raytheon.
Raytheon said it plans to add to its cybersecurity analysis and investigation capabilities with the move. It singled out insider threat protection, software protection and forensics as target areas for growth.
Pikewerks is headquartered in Madison, Ala. and has additional offices in Seattle and San Antonio.