Raytheon Company today announced it has signed an agreement to acquire Applied Signal Technology, Inc., for a total cost of $490 million.
Applied Signal’s tactical signals and communications intelligence systems, data fusion and information operations/information assurance products, combined with Raytheon’s sensor technology, program management, mission support and system integration capabilities, will provide “highly discriminating solutions to an expanded range of intelligence and defense customers in the United States and around the world,” Raytheon said in a press release.
“Applied Signal brings world class technologies and talent that complement Raytheon’s strong intelligence, surveillance and reconnaissance solutions,” said William H. Swanson, Raytheon chairman and CEO. “This combination of strengths, along with our complementary cultures of innovation, will provide capabilities to address our customers’ current and future challenges while creating value for our shareholders.”
Following the completion of the transaction, Applied Signal will be integrated into Raytheon’s Space and Airborne Systems business. Applied Signal’s capabilities offer opportunities for growth at SAS and across the Raytheon enterprise, according to Raytheon.