Raytheon Acquires Cybersecurity Firm Pikewerks

GARLAND, Texas, Dec. 5, 2011 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has acquired Pikewerks Corporation, a privately held company, to further extend Raytheon's capabilities to defend against sophisticated cybersecurity threats facing customers in the intelligence community, Department of Defense and commercial organizations. Terms of the transaction were not disclosed. The transaction will not materially impact Raytheon's total company sales or earnings per share for the fourth quarter of 2011 or fiscal year 2012.

Pikewerks enhances Raytheon's comprehensive cybersecurity offerings, including a range of analysis and investigation capabilities with particular emphasis on insider threat protection, software protection and forensics. Two high-demand Pikewerks products are Electronic Armor®, an anti-exploitation software tool that protects executable files; and Second Look®, a software capability for live, in-memory forensic analysis of operating systems. Pikewerks brings one of the industry's largest repositories of kernel-level engineering talent on the Linux Operating System.

"Like Raytheon, Pikewerks is built on the commitment to undertake the hardest problems and apply creativity and innovation to push the limits of technology," said Lynn Dugle, president of Raytheon's Intelligence and Information Systems business. "Developers at Pikewerks are experts who have taken technology from concept to deployment, and we are excited to welcome them as members of our innovative Raytheon team."

Pikewerks is based in Madison, Ala., with offices in Alexandria, Va., Seattle and San Antonio. Pikewerks' founder and President Sandy Ring, and CEO Michael Ring, will remain with the company.

About Raytheon

Raytheon Company, with 2010 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 89 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. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter at @raytheon.

Note to Editors

Since 2007, Raytheon's cyber-related acquisitions include:

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SOURCE Raytheon Company

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