Add-on Acquisition • Information Technology

Raytheon Co. Acquires Blackbird Technologies

On November 5, 2014, Raytheon Co. acquired information technology company Blackbird Technologies for 420M USD

Acquisition Context
  • This is Raytheon Co.’s 7th transaction in the Information Technology sector.
  • This is Raytheon Co.’s 3rd largest (disclosed) transaction.
  • This is Raytheon Co.’s 17th transaction in the United States.
  • This is Raytheon Co.’s 3rd transaction in Virginia.
Investment Fate
  • Blackbird Technologies was divested to a consortium of strategic buyers in 2016 for 33M USD.

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M&A Deal Summary

Date November 5, 2014
Target Blackbird Technologies
Sector Information Technology
Buyer(s) Raytheon Co.
Deal Type Add-on Acquisition
Deal Value 420M USD

Target Company

Blackbird Technologies

Herndon, Virginia, United States
Blackbird Technologies is a provider of persistent surveillance, secure tactical communications and cybersecurity solutions to the Intelligence Community (IC) and special operations market.
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Buyer Overview 1

Buyer

Raytheon Co.

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 Context for Buyer #
Overall 17 of 20
Sector: Information Technology 7 of 9
Type: Add-on Acquisition 15 of 18
State: Virginia 3 of 4
Country: United States 17 of 20
Year: 2014 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-27 Raytheon Visual Analytics

Frederick, Maryland, United States

Raytheon Visual Analytics Incorporated is a leading provider of information sharing and visual data mining products. Raytheon Visual Analytics Incorporated is focused on providing unparalleled capabilities to analyze and derive important patterns from complex data using state-of-the-art technologies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-26 Sensintel

Tucson, Arizona, United States

Sensintel, Inc. is a provider of unmanned aircraft systems (UAS) solutions to the intelligence and special operations markets.

Buy -