Boeing (NYSE: BA) has an agreement in place to purchase Narus, a firm focusing on network traffic and analytics software used to protect against cyber attacks and persistent threats aimed at large Internet Protocol networks.
Boeing and Narus have worked as partners in the past. The acquisition provides a boost to Boeing’s growing cybersecurity solutions business.
The California-based Narus claims 150 employees around the world globally.
“This acquisition is another step forward in our strategy to develop integrated solutions for better network visibility, threat detection, and cybersecurity,” said Roger Krone, president of Boeing Network & Space Systems, a business within the Boeing Defense, Space & Security (BDS) operating unit. “Narus’ innovative employees and unique capabilities to secure complex networks will be a significant benefit to Boeing and our customers.”
Boeing is also moving forward on the planned acquisition of Argon ST (Nasdaq: STST) by commencing a cash tender offer to purchase all of the outstanding shares of common stock belonging to the firm.
The merger will pay Argon ST shareholders $34.50 in cash for each share of common stock.
According to Boeing, “the board of directors of Argon ST has unanimously determined that the offer and the other transactions contemplated by the merger agreement are fair to and in the best interests of Argon ST’s stockholders, and has recommended that Argon ST’s stockholders tender their shares in the offer.”