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4-Traders Homepage  >  Equities  >  Nyse  >  Raytheon Company    RTN

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Raytheon : DARPA developing advanced tech to protect US power grid against cyber attack

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12/05/2016 | 02:31pm CET

CAMBRIDGE, Mass., Dec. 5, 2016 /PRNewswire/ -- The Pentagon's Defense Advanced Research Projects Agency, better known as DARPA, has awarded Raytheon (NYSE: RTN) multiple contracts to research and develop technologies that will detect and respond to cyber attacks on the U.S. power grid infrastructure. The contracts, which total $9 million, were awarded under DARPA's Rapid Attack Detection, Isolation and Characterization Systems program.

"During the last two decades, industrial control systems have evolved so that most are now connected to the Internet, making them vulnerable to cyber attack," said Jason Redi, vice president for the Raytheon BBN Technologies Networking and Communications unit. "A significant power disruption would have profound economic and human costs in the U.S, so our goals are to prevent attacks and to reduce the time required to restore power after an attack."

Raytheon BBN will create technologies to enhance situational awareness by providing early warning of an impending attack and detecting adversary spoofing of power grid data collection and communication. These technologies will also maintain situational awareness in the immediate aftermath of an attack.

The company will also examine methods to maintain secure emergency communication networks in the aftermath of an attack. Raytheon BBN's approach seeks to isolate affected organizations from the Internet and establish a secure emergency network to coordinate power restoration without depending on external networks.

Raytheon BBN Technologies is a wholly owned subsidiary of Raytheon Company.

About Raytheon
Raytheon Company, with 2015 sales of $23 billion and 61,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 94 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I(TM )products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Massachusetts. Follow us on Twitter @Raytheon.

This document does not contain technology or technical data controlled under either the U.S. International Traffic in Arms Regulations or the U.S. Export Administration Regulations. RGEMS No. E16-NRZC

www.raytheon.com

Raytheon Company
Space and Airborne Systems
BBN Technologies
Cambridge, Mass.

Media Contact
Joyce Kuzmin
+1.617.873.8120
pr@bbn.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/raytheon-darpa-developing-advanced-tech-to-protect-us-power-grid-against-cyber-attack-300372314.html

SOURCE Raytheon Company

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Financials ($)
Sales 2016 24 426 M
EBIT 2016 3 235 M
Net income 2016 2 213 M
Debt 2016 2 278 M
Yield 2016 1,94%
P/E ratio 2016 20,12
P/E ratio 2017 20,19
EV / Sales 2016 1,90x
EV / Sales 2017 1,81x
Capitalization 44 024 M
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Number of Analysts 19
Average target price 159 $
Spread / Average Target 6,2%
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Thomas A. Kennedy Chairman & Chief Executive Officer
Anthony F. O'Brien Chief Financial Officer & Vice President
Kevin Neifert Chief Information Officer
Michael C. Ruettgers Independent Director
William R. Spivey Independent Director
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