Aerospace Group:

Raytheon To Acquire Applied Signal For $490 Million

DDN

Thursday, December 30th, 2010

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Raytheon [RTN] recently said it has agreed to acquire the defense electronics firm Applied Signal Technology Inc. [APSG] for $38 per share, worth $490 million in cash, saying the deal would enhance its integrated sensor solutions. Applied Signal specializes in systems, products and services related to communications and signals intelligence (COMINT/SIGINT), cyber intelligence and sensor signature processing. About 90 percent of the California-based company's sales are to classified customers. Applied Signal had $13.2 million in net income on $225.2 million…

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