AOH :: ISNQ5365.HTM

Raytheon to buy BBN, a firm that helped create Net




Raytheon to buy BBN, a firm that helped create Net
Raytheon to buy BBN, a firm that helped create Net



http://www.boston.com/business/technology/articles/2009/09/02/raytheon_to_buy_bbn_a_firm_that_helped_create_net/ 

By Hiawatha Bray
The Boston Globe  
September 2, 2009

Raytheon Co. has struck an agreement to buy BBN Technologies, a 
privately held Cambridge firm that played a vital role in the creation 
of the Internet.

Raytheon said the deal should close before the end of the year. The 
price was not disclosed, and executives of Raytheon, a Waltham-based 
defense contractor, and BBN declined to comment further.

BBN, founded in 1948 by Massachusetts Institute of Technology professors 
Richard Bolt and Leo Beranek and MIT graduate Robert Newman, began as an 
acoustics research business.

Early on, it won a contract to do acoustic-design work in the General 
Assembly Hall of the United Nations building in New York City. The 
company, which has about 700 employees in seven US facilities, now 
mainly does contract research and development work for military and 
other government agencies.

[...]


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