Advances Boeing Strategy To Continue Growing Cybersecurity
Boeing is continuing to branch
out and increase its cybersecurity business, announcing the planned
acquisition of a second network traffic and software company in as
Tuesday, Boeing announced an agreement to acquire Narus, a
provider of real-time network traffic and analytics software used
to protect against cyber attacks and persistent threats aimed at
large Internet Protocol networks. The acquisition follows a
successful partnership between the two companies and advances
Boeing's strategy to offer cybersecurity solutions. Narus employs
approximately 150 people globally; its headquarters are in
"This acquisition is another step forward in our strategy to
develop integrated solutions for better network visibility, threat
detection, and cybersecurity," said Roger Krone, president of
Boeing Network & Space Systems, a business within the Boeing
Defense, Space & Security (BDS) operating unit. "Narus'
innovative employees and unique capabilities to secure complex
networks will be a significant benefit to Boeing and our
Narus is privately held and the terms of the transaction were
Once acquired, Narus will operate within Boeing's Network &
Space Systems business as a wholly owned subsidiary. In addition to
supporting cyber activities within Network & Space Systems,
Narus' network-centric technology also will be applied to Boeing's
smart grid energy work, the secure networking of Boeing's ground,
air and space products, and the defense of the Boeing network.
The acquisition is expected to close during the third quarter of
In a related development, Boeing put forth a cash tender offer
to purchase all of the outstanding shares of common stock of Argon
ST Inc. through its wholly owned subsidiary, Vortex Merger Sub Inc.
on Thursday. Boeing announced on Wednesday, June 30 that it
had entered into a merger agreement with Argon ST, a developer of
command, control, communications, computers, combat, intelligence,
surveillance, and reconnaissance (C5ISR) systems.
Upon successful completion of the tender offer, shareholders of
Argon ST will receive $34.50 in cash for each share of Argon ST
common stock validly tendered and not validly withdrawn, without
interest and less any required withholding taxes.
The board of directors of Argon ST has unanimously determined
that the offer and the other transactions contemplated by the
merger agreement are fair to and in the best interests of Argon
ST's stockholders, and has recommended that Argon ST's stockholders
tender their shares in the offer.