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Raytheon acquires cybersecurity firm
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12/06/11 11:43 AM ET
Raytheon acquired an Alabama cybersecurity company Monday as the defense contractor continues to ramp up its cyber operations.
The acquisition of Alabama-based Pikewerks is Raytheon's ninth cyber-related acquisition since 2007, the company said as it announced the deal.
Cybersecurity is one area where the potential for
growth remains at a time when defense contractors are bracing for billions in cuts in defense spending. The Pentagon is preparing to trim as much as $492 billion over the next decade.
The terms of the deal were not disclosed. Raytheon said the acquisition would not have an effect on the company’s sales.
