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Raytheon to buy BBN, a firm that helped create Net
From: InfoSec News <alerts () infosecnews org>
Date: Wed, 2 Sep 2009 03:44:50 -0500 (CDT)
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. [...] ________________________________________ Subscribe to InfoSec News http://www.infosecnews.org
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