Raytheon Acquires BBN Technologies

Raytheon, which recorded over $23 billion in revenue for 2008, announced recently that it has settled on terms to purchase BBN Technologies, a R & D company involved in the development of the internet. Raytheon is looking to build its capacity as a leading player in technology services to the government, to better compete with large integrators like Northrop Grumman and Booz Allen Hamiliton.