Raytheon Acquires SafeNet’s Government Solutions Business; Daniel Crowley Comments

Daniel J. Crowley

Raytheon Co. (NYSE: RTN) has acquired the government solutions business of SafeNet Incfor an undisclosed amount and will add around 170 SafeNet employees to form a new information systems product area.

Jim Summers, general manager of SafeNet Government Solutions, will lead that area, which will be housed within the integrated communication systems segment of Raytheon’s network centric systems business.

Raytheon projects the sale will not materially impact its total company sales or earnings per share in its 2012 fourth quarter or fiscal year 2013.

According to a Raytheon release, the Marlborough, Mass.-based contractor aims to enhance its encryption capabilities with SafeNet’s federally-approved solutions.

Those solutions are designed to help the U.S. military more securely transmit classified voice and data traffic.

“This transaction, part of Raytheon’s strategic road map, provides an immediate insertion of proven strong technologies and talent into our business, ” said Daniel J. Crowley, president of Raytheon’s network centric systems.

SafeNet Government Solutions targets a number of communication markets with its products, including:

  • high-speed
  • satellite
  • networking
  • data link
  • voice
  • key management
  • wireless communication

 

You may also be interested in...

Gen. John Raymond Chief of Space Operations U.S. Space Force

Gen. John Raymond: Space Force’s Acquisitions Command to Include Offices for Legacy, Nontraditional Contracting

Gen. John Raymond, chief of space operations of the U.S. Space Force and a 2020 Wash100 awardee, has said the service branch plans to include nontraditional and legacy procurement offices in its planned acquisitions command, SpaceNews reported Wednesday.

David Appel VP Raytheon I and S

Raytheon to Support USAF DevSecOps Software Dev’t; David Appel Quoted

Raytheon Technologies' (NYSE: RTX) intelligence and space business has signed a five-year basic ordering agreement to help the U.S. Air Force develop agile and secure software. The company said Wednesday it will support USAF's pursuits with Platform One, a team tasked to support development, security and operations or DevSecOps for the Department of Defense.