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Wednesday, February 28, 2024

RTX (Raytheon) to Sell its Cybersecurity Business for $1.3B

The company formerly known as Raytheon is selling its Dulles, Virginia-based cybersecurity business for approximately $1.3 billion.

RTX Corp. said in its earnings report Tuesday it has entered into a definitive agreement to sell the cybersecurity, intelligence and services business within its Raytheon segment. The sale price is subject to regulatory approvals and other customary closing conditions.

CEO Greg Hayes said Tuesday morning that it will be an all-cash sale, but the company did not disclose the buyer.

Read the rest of the story from NBC Boston here.

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