Raytheon is buying one of the Internet's venerable names. The company has snapped up networking specialist BBN Technologies for an undisclosed sum. BBN is renowned as one of the prime contributors to Arpanet, the defence network that became the Internet.
"BBN's diverse portfolio encompasses a range of technologies including advanced networking, speech and language technologies, information technologies, sensor systems, and cybersecurity. The company's deep scientific and engineering talent aligns well with Raytheon's expertise and commitment to excellence," said Raytheon in a statement.
"BBN brings world class people, technologies and capabilities to Raytheon and our customers," said William H. Swanson, Chairman and Chief Executive Officer, Raytheon Company. "We expect all of our businesses to benefit from the application of BBN's research and development expertise and technologies across our product lines and programs. BBN's rich technology heritage makes this a natural fit."
Only yesterday, BBN gave an another example of its expertise in defence-led networking when it signed a deal to develop secure networking technology.
History buffs will tell you that BBN is also known for having conducted acoustical analysis in 1978 for the House Select Committee charged with investigating the assassination of President John F. Kennedy 15 years earlier.