M&A Deal Summary

Raytheon Acquires Texas Instruments - Defense Systems & Electronics Business

On January 6, 1997, Raytheon acquired defense company Texas Instruments - Defense Systems & Electronics Business from Texas Instruments for 3.0B USD

Acquisition Highlights
  • This is Raytheon’s 1st transaction in the Defense sector.
  • This is Raytheon’s largest (disclosed) transaction.
  • This is Raytheon’s 3rd transaction in the United States.
  • This is Raytheon’s 1st transaction in Texas.

M&A Deal Summary
Date 1997-01-06
Target Texas Instruments - Defense Systems & Electronics Business
Sector Defense
Buyer(s) Raytheon
Sellers(s) Texas Instruments
Deal Type Divestiture
Deal Value 3.0B USD

Target

Texas Instruments - Defense Systems & Electronics Business

Lewisville, Texas, United States
Texas Instruments - Defense Systems & Electronics Business is a premier supplier of advanced defense systems, including precision-guided weapons, anti-radiation and strike missiles, airborne radar, night vision systems and electronic warfare systems.

Search 201,839 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Raytheon

Waltham, Massachusetts, United States
Category Company
Founded 1922
Sector Defense
Employees61,000
Revenue 27.1B USD (2018)
DESCRIPTION
Raytheon office in Burlington, Massachusetts.
Raytheon office in Burlington, Massachusetts.

Raytheon Company is a technology and innovation leader specializing in defense, security and civil markets throughout the world. 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. Raytheon was established in 1922 and is based in Waltham, Massachusetts.

DEAL STATS #
Overall 3 of 20
Sector (Defense) 1 of 2
Type (Divestiture) 1 of 1
State (Texas) 1 of 2
Country (United States) 3 of 20
Year (1997) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1992-01-01 Raytheon - Industrial Microwave Processing Group

Waltham, Massachusetts, United States

Raytheon Co. - Industrial Microwave Processing Group is a manufacturer of high-powered batch and conveyorized heating systems.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-07-15 Amana

Beltsville, Maryland, United States

Amana Corp. is a provider of household appliances. Amana was founded in 1934 and is based in Beltsville, Maryland.

Sell -

Seller(S) 1

SELLER

Texas Instruments

Dallas, Texas, United States
Category Company
Founded 1930
Sector Semiconductors
Employees34,000
Revenue 17.5B USD (2023)
DESCRIPTION
Entrance to Texas Instruments' corporate headquarters in Dallas, Texas.
Entrance to Texas Instruments' corporate headquarters in Dallas, Texas.

Texas Instruments is a semiconductor design and manufacturing company that develops analog ICs and embedded processors. Texas Instruments was formed in 1930 and is based in Dallas, Texas.

DEAL STATS #
Overall 3 of 12
Sector (Defense) 1 of 1
Type (Divestiture) 3 of 12
State (Texas) 2 of 7
Country (United States) 3 of 12
Year (1997) 1 of 4
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-07-23 Texas Instruments - Printer & Related Supplies Business

United States

Texas Instruments - Printer & Related Supplies Business includes OMNI 800( impact printers, travel document printers, and the microLaser( line of non-impact printers, as well as supplies and consumables.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-23 Texas Instruments - Mobile Computing Business

United States

Texas Instruments - Mobile Computing Business engages in the manufacturer of dynamic random access memory (DRAM) chips.

Sell -
Mergr

Product

Company

Legal