Report: Symantec to Acquire Tech Rights of Boeing’s Cybersecurity Business Narus

CybersecuritySymantec (NASDAQ: SYMC) has agreed to purchase technology rights from Boeing‘s (NYSE: BA) Narus subsidiary as Symantec looks to grow its presence in the commercial cybersecurity market, the Wall Street Journal reported Monday.

Danny Yadron and Doug Cameron write Symantec aims to leverage a Narus-made Internet filter technology to help businesses guard their systems against cyber crime.

Amit Mital, chief technology officer at Symantec, told WSJ the company would also enlist Narus computer engineers to analyze a threat database and build algorithmic tools for identifying hackers.

Boeing plans to continue working with military and government clients to help them protect their cyber-dependent infrastructure.

The National Security Agency has used Narus’ software for network surveillance, according to the newspaper.

You may also be interested in...

F-35 Lightning II

State Dept OKs Potential $10B Sale of Lockheed-Made F-35s to UAE

The State Department informed Congress it approved the United Arab Emirates’ request to buy 50 Lockheed Martin-built (NYSE: LMT) F-35 fighter jets under a potential $10B deal, Reuters reported Friday. The potential foreign military sales deal will move to an informal review by the House Foreign Affairs and Senate Foreign Relations committees.

strategic partnership

DC Capital Aims to Help HTSI Grow Gov’t Footprint via Strategic Partnership

Private equity firm DC Capital Partners has entered into a strategic partnership agreement with Huntsville, Alabama-based system engineering company Hill Technical Solutions Inc. aimed at helping expand the latter's customer base and support work in the government sector.