Raytheon Company (NYSE: RTN) has acquired privately-held Sensintel, Inc., a leading provider of unmanned aircraft systems (UAS) solutions to the intelligence and special operations markets.
Located in Tucson with approximately 50 employees, Sensintel will become part of Raytheon Company's Missile Systems business. The transaction is not expected to materially impact Raytheon's sales or earnings in the first quarter or full year 2015. Terms of the agreement were not disclosed.
"Sensintel's expertise in unmanned aircraft systems solutions makes it a natural fit with Raytheon's Advanced Missile Systems product line," said Dr. Taylor W. Lawrence , Raytheon Missile Systems president. "The acquisition of Sensintel enhances the growth prospects of our UAS business and the advanced capabilities we can offer our customers."
Sensintel brings additional strong talent, technology, and relationships with the Special Operations Command (SOCOM), Office of Naval Research and U.S. Air Force Research Laboratory to Raytheon and its customers. The company is a leader in expendable remote sensing and UAS engineering, serving both government and commercial customers by optimizing and integrating mission-specific sensors and sub-systems into manned and unmanned platforms. It also provides training, technical and operational support to military, scientific and commercial sectors.
Source: Raytheon Corporation (NYSE: RTN)
Date: Jan 26, 2015