Recent Raytheon Acquistion BBN Awarded Army Contract

by: Matthew Potter
September 9, 2009

Category: BBN Technologies, Business Line, Companies, Contract Awards, development program, Events, IT, logistics, Massachusetts, production program, Raytheon, Services, States, U.S. Army | RSS 2.0

In a continuing program to improve the defenses of vehicles in Iraq and Afghanistan the U.S. Army awarded BBN Technologies a contract for another thousand Boomerang Shooter Detection Systems. The contract for these systems and their mounting kits is worth about twenty-two million dollars. The system has already been installed on vehicles and detects incoming fire and tries to determine the location of the enemy.

BBN Technologies was recently acquired by Raytheon. This is a major M&A event and one of several that occurred recently. As with the other ones it may indicate that there will be significant consolidation of the defense industry as the larger companies move to shore up revenue and earnings through M&A.

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