Roger Krone on Boeing’s Acquisition Surge: Buys Narus, Moves Forward with Argon ST

Boeing's Roger Krone

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.”

You may also be interested in...

SBIRS GEO-5 Satellite Lockheed Martin

Lockheed-Made SBIRS GEO-5 Satellite Set for Launch Next Year

Lockheed Martin has announced the launch readiness of an upcoming military space satellite designed to provide missile warning via infrared technology. The company said Wednesday its fifth Space-Based Infrared System Geosynchronous Earth Orbit satellite or SBIRS GEO-5 is set for flight in 2021, following the satellite's completion in October this year.

Parsons

Parsons Announces New Products for Cloud Native Streaming

Parsons has unveiled a new series of cloud products designed to help government and commercial customers process large amounts of data while ensuring lesser infrastructure costs. The company said Wednesday it will offer cloud native stream platforms to deliver the scalability needed to maximize cloud resources.

Bitglass

Bitglass Gets FedRAMP OK for Secure Cloud Access Offering

Bitglass has earned a certification under the Federal Risk and Authorization Management Program for a platform developed to protect any interaction between devices, applications, on-premises resources, infrastructure and web destinations.