Business News

Raytheon Acquires Telemus Solutions, Inc.

2008-07-28 07:00:00

Raytheon Acquires Telemus Solutions, Inc.

  Acquisition strengthens capability as a provider of critical information

                     security and intelligence services



    GARLAND, Texas, July 28, 2008 /EMWNews/ -- Raytheon

Company (NYSE: RTN) has acquired Telemus Solutions, Inc., a provider of

information security, intelligence and technical services to defense,

intelligence and other federal customers. Terms of the transaction were not

disclosed.



    Based in Falls Church, Va., Telemus delivers customized solutions in

infrastructure protection, engineering, research and analysis that help

customers detect, defer, and delay potential security threats.



    "This acquisition represents Raytheon's latest step in building an

end-to-end information security offering to address our customers' most

critical security needs," said Michael D. Keebaugh, president, Raytheon

Intelligence and Information Systems. "The purchase of Telemus underscores

Raytheon's continued focus on the emerging cyber security market and

demonstrates our leadership in providing technologies that solve our

customers' most complex information security challenges."



    Jon Monett, CEO of Telemus, commented: "We are pleased to be combining

our capabilities with Raytheon's proven leadership in the critical

information operations and security arena. The difficult challenges faced

by our nation need to be met with mission-focused talent, experience and

agility."



    Based in Garland, Texas, Raytheon IIS is a leading provider of

information and intelligence solutions to the government. Raytheon IIS had

2007 annual revenues of approximately $2.7 billion and employs more than

9,000 engineering and technical professionals worldwide.



    Raytheon Company, with 2007 sales of $21.3 billion, is a technology

leader specializing in defense, homeland security and other government

markets throughout the world. With a history of innovation spanning 86

years, Raytheon provides state-of-the-art electronics, mission systems

integration and other capabilities in the areas of sensing; effects; and

command, control, communications and intelligence systems, as well as a

broad range of mission support services. With headquarters in Waltham,

Mass., Raytheon employs 72,000 people worldwide.




Contact: Keith Little 703.849.1675

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