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Raytheon offers to buy Applied Signal Technology Inc.

by
January 4, 2011
Cyber Security, FedCyber Wire, Spending
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via Herald Wire Services

Defense contractor Raytheon Co. said it would pay $490 million to acquire cybersecurity firm Applied Signal Technology Inc., which makes equipment that militaries and governments use to detect threats.

The purchase expands Waltham-based Raytheon’s reach in products that gather and monitor intelligence. Defense deal activity is expected to heat up as the U.S. government shifts spending from weapons platforms to areas of unmanned war.

Original story here.