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|Raytheon Acquires Directed Energy Capabilities of Ktech Corporation|
WALTHAM, Mass., June 14, 2011 /PRNewswire via COMTEX/ --
Raytheon Company (NYSE: RTN) has acquired key business assets of Ktech Corporation to expand its capabilities and opportunities in the non-kinetic effects markets. The transaction is not expected to materially impact Raytheon's sales or earnings in the second quarter or full year 2011. Terms of the agreement were not disclosed.
Located in Albuquerque, N.M., Ktech will become part of Raytheon Company's Missile Systems business.
"Ktech's expertise in directed energy and pulsed power make it a natural fit with Raytheon's Advanced Security and Directed Energy Systems product line," said Dr. Taylor W. Lawrence, Raytheon Missile Systems president. "Ktech brings world-class people, technology and strong relationships with the U.S. Air Force Research Laboratory and Sandia National Laboratories to Raytheon and its customers."
Ktech is a leader in pulsed power systems engineering. The company's compact pulsed power systems, combined with its high efficiency magnetron technology, will enable increased integration of directed energy weapons on combat platforms.
Ktech is also a leader in development of linear accelerator technology for government and commercial applications. The company brings its high power microwave, compact pulsed power system design, and RF and particle code simulation capabilities to Raytheon, as well as extensive experience in explosive pulsed power, diagnostics and effects testing.
"Ktech's capabilities will gain greater market opportunity when fused with Raytheon's leadership in directed energy, its global reach and ability to develop high value, differentiated solutions for its customers," said Steve Downie, Ktech president.
Raytheon Company, with 2010 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 89 years, 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. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide.
SOURCE Raytheon Company