Boeing Acquisition of eXMeritus, Inc. Enhances Capabilities in Cyber and Intelligence Markets
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ST. LOUIS, June 15 /PRNewswire-FirstCall/ -- The Boeing Company (NYSE: BA) today announced it has signed an agreement to acquire eXMeritus, Inc., a Fairfax, Va.-based company that provides hardware and software to federal government and law enforcement organizations for sharing information securely across classified and unclassified networks and systems.
eXMeritus' products are certified and accredited by the U.S. government to perform this function on its most trusted systems. The decision to buy eXMeritus complements last year's acquisitions of Digital Receiver Technology, Ravenwing and Kestrel Enterprises. These acquisitions are key moves in the company's strategy to expand its presence in the cyber and intelligence markets.
"Our military and government customers have said that protecting vital information networks against cyber attacks is one of the nation's highest priorities, and Boeing is responding to the call," said Boeing Integrated Defense Systems President and CEO Jim Albaugh. "The addition of eXMeritus to our team is a strong enhancement to the Boeing capabilities developed through years of experience on secure networks for some of the most complex systems in national security today."
Terms of the transaction are not being disclosed. This transaction, anticipated to close by the end of June, does not affect Boeing's financial guidance. eXMeritus will operate within Boeing Integrated Defense Systems' Network and Space Systems unit.
Founded in 2000, eXMeritus has fewer than 30 employees.
A unit of The Boeing Company, Boeing Integrated Defense Systems is one of the world's largest space and defense businesses specializing in innovative and capabilities-driven customer solutions, and the world's largest and most versatile manufacturer of military aircraft. Headquartered in St. Louis, Boeing Integrated Defense Systems is a $32 billion business with 70,000 employees worldwide.
