Defense giant RTX (formerly Raytheon Technologies) sells Cybersecurity, Intelligence Business Unit for $1.3 billion

Defense company RTX said it’s selling its cybersecurity business for $1.3 billion to an unnamed buyer.

The sale of the Cybersecurity, Intelligence and Services division was disclosed in the company’s third-quarter results for 2023, when sales totaled $13.5 billion, a decline of 21% from the the same period a year earlier…

See the article here.

Source: RTX sells cybersecurity, intelligence business unit for $1.3 billion. By Colin Demarest, October 25, 2023. C4ISRNet.

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