Raytheon Co announced on Wednesday that it has acquired privately held Blackbird Technologies, which provides cybersecurity, surveillance and secure communications to spy agencies and special operations units, for $420 million. Raytheon told investors two weeks ago that it planned an acquisition valued at around $400 million, but did not disclose the name of the company.On Wednesday, Raytheon said the transaction would not materially impact its sales or earnings per share for the fourth quarter of 2014.It said the acquisition would make Raytheon one of the top providers to U.S. Special Operations Command, expanding its capabilities in tactical intelligence, surveillance and reconnaissance, secure tactical communications and cybersecurity around the world."Blackbird Technologies is a strong fit for Raytheon and enhances the growth prospects of our business and the capabilities we can offer our customers," said Lynn Dugle, who heads Raytheon's intelligence information services division.
Information Services Corporation is a Canada-based company. Shares of ISV remained unchanged at $18.50. In the past year, the shares have traded as low as $16.46 and as high as $19.99. On average, 6300 shares of ISV.TO exchange hands on a given day and today's volume is recorded at 1848.
Raytheon Company together with its subsidiaries, is a technology company specializing in defense, homeland security and other government markets worldwide. Shares of RTN fell by 1.15% or $-1.21/share to $103.89. In the past year, the shares have traded as low as $83.93 and as high as $105.75. On average, 1703610 shares of RTN exchange hands on a given day and today's volume is recorded at 585750.
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