Thales has agreed to buy a Boeing subsidiary that manufactures surveillance equipment for the U.S. military for an undisclosed sum, Reuters reported Sunday.
In a statement, Boeing said the defense and security arm of French defense electronics firm Thales will acquire Digital Receiver Technology.
The Wall Street Journal reported that Boeing is looking at potential asset sales to raise much-needed cash and stem losses.
About Digital Receiver Technology
In 2008, the Virginia-based aerospace and defense contractor acquired DRT as part of its strategy to expand its intelligence market presence.
Germantown, Maryland-based DRT designs and produces software-defined radio systems and other wireless equipment used to gather, analyze and share signals intelligence and threat warnings to support the needs of the U.S. Intelligence Community, the Department of Defense and the Department of Homeland Security.
