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RAYTHEON (RTN)
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Raytheon : Virsec establish alliance to protect government and critical infrastructure from advanced cyberattacks

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04/23/2018 | 04:01pm CEST

DULLES, Va., April 23, 2018 /PRNewswire/ -- Raytheon Company (NYSE:RTN) announced an alliance with Virsec to bring commercial cybersecurity tools to global government and critical infrastructure customers. Combined with Raytheon's decades of cybersecurity defense expertise, Virsec's patented Trusted Execution™ technology protects networks by detecting deviations in software applications caused by cyber intrusions.

Raytheon logo (PRNewsfoto/Raytheon)

"Critical infrastructure – from the electrical grid to transportation – is under assault, and hackers are evading conventional security defenses," said John DeSimone, vice president of Cybersecurity and Special Missions at Raytheon Intelligence, Information and Services. "Commercial tools from companies like Virsec can help bridge the gap for our global government and commercial customers and provide effective protection against the growing cyber threat."

Trusted Execution protects against attacks on critical systems that bypass conventional network security tools using advanced hacking techniques and memory exploits.  Commercially available, this technology protects memory and processes in real-time and instantly detects deviations in software applications. This deterministic process blocks attacks within milliseconds, providing precise forensics at every step.

"It's time to change the equation for security and deliver better protection for our most critical infrastructure," said Atiq Raza, CEO of Virsec. "Our philosophy is simple – rather than eternally chasing elusive threats, we need to take the guess-work out of cybersecurity and stop attacks, at the application level, in real-time."

About Virsec

Based in San Jose, California, Virsec was founded on the belief that a new model is required to counter today's advanced threats. The company is led by industry veterans who have driven one of the world's top processor teams, and created innovative technology in network security, embedded systems and real-time memory systems. The team has broad leadership experience at multiple leading cybersecurity and information technology companies, as well a long list of high-growth start-ups. More information and demos are available at www.virsec.com.

About Raytheon

Raytheon Company, with 2017 sales of $25 billion and 64,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 96 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Mass. Follow us on Twitter.

Media Contact 
Raytheon 
Rachael Duffy 
571-250-1517 
[email protected]  
[email protected]

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/raytheon-virsec-establish-alliance-to-protect-government-and-critical-infrastructure-from-advanced-cyberattacks-300634396.html

SOURCE Raytheon Company


© PRNewswire 2018
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Financials ($)
Sales 2018 26 738 M
EBIT 2018 4 014 M
Net income 2018 2 720 M
Debt 2018 1 392 M
Yield 2018 1,47%
P/E ratio 2018 24,54
P/E ratio 2019 21,40
EV / Sales 2018 2,51x
EV / Sales 2019 2,37x
Capitalization 65 592 M
Chart RAYTHEON
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Raytheon Technical Analysis Chart | RTN | US7551115071 | 4-Traders
Technical analysis trends RAYTHEON
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 241 $
Spread / Average Target 6,2%
EPS Revisions
Managers
NameTitle
Thomas A. Kennedy Chairman & Chief Executive Officer
Anthony F. O'Brien Chief Financial Officer & Vice President
Mark E. Russell VP-Engineering, Technology & Mission Assurance
Kevin Neifert Chief Information Officer
William R. Spivey Independent Director
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