Home / M&A Activity / Raytheon Buys Vista’s Share of Forcepoint for $588M

Raytheon Buys Vista’s Share of Forcepoint for $588M

Jeff Brody

Raytheon (NYSE: RTN) paid $588M to acquire Vista Equity Partners' minority interest in their cybersecurity joint venture Forcepoint during the fourth quarter of 2019.

Forcepoint, which is now Raytheon’s wholly owned business, saw its 2019 full-year net sales rise 4 percent to $658M and recorded $6M in operating income during the fourth quarter of 2019 compared with $2M in the prior-year period, Raytheon said Thursday.

In October, Raytheon and Vista were in talks over the value of Forcepoint as Vista exercises an option in an agreement that directs Raytheon to buy the private equity firm’s share of the joint venture, which was established in 2015.

The announcement comes as Raytheon and United Technologies Corp. (NYSE: UTX) advance their merger, which is expected to close in the first half of 2020.

Check Also

Report: Lockheed Advances in Army’s Precision Strike Missile Competition

Lockheed Martin (NYSE: LMT) emerged as the final contender for the U.S. Army’s Precision Strike Missile prototyping competition, Jane’s 360 reported Tuesday. The PrSM program seeks to develop a precision-strike, surface-to-surface guided missile to replace the Army Tactical Missile System and that can be fired from the M142 High Mobility Artillery Rocket System and M270A1 Multiple Launch Rocket System to neutralize targets at ranges of up to 499 kilometers.

CACI Wins Potential $200M Navy Satcom, C5ISR Support IDIQ

CACI International (NYSE: CACI) has won a potential $199.5M contract to provide satellite communications systems and services to U.S. Navy's joint warfighting special operations around the world.