Boeing Deals for Cyber Security Company

Wednesday, July 21, 2010 @ 02:07 PM gHale


Boeing is dealing for anti-cyber attack software company Narus.
After the sales closes, Narus will be a wholly owned subsidiary operating within the Network & Space Systems unit of Boeing’s defense business.
The goal is for Narus to help develop smart grid energy projects, as well as protect Boeing’s in-house computer network, officials said.
Privately held Sunnyvale, CA-based Narus employs 150 people. Terms of the deal were not immediately available and the deal should close in the third quarter.
“This acquisition is another step forward in our strategy to develop integrated solutions for better network visibility, threat detection, and cyber security,” said Roger Krone, president of Boeing Network & Space Systems, a business within the Boeing Defense, Space & Security (BDS) operating unit. “Narus’ India team and their unique capabilities to secure complex networks will be a significant benefit to Boeing and our customers.”
“We’re excited to join Boeing and provide its customers with our proven NarusInsight system and applications, which are currently used by governments and large service providers worldwide,” said Narus Chief Executive and President Greg Oslan.
This is the second deal in a week for Boeing as it purchased combat engineering firm Argon ST for $775 million. The Fairfax, VA-based company makes systems used in surveillance and combat, including reconnaissance equipment mounted on planes, sensors meant to warn of an approaching enemy and sights to help troops locate snipers.



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