ST. LOUIS, Dec. 18, 2008 -- The Boeing Company [NYSE: BA] has completed its acquisition of Digital Receiver Technology Inc. (DRT), a Germantown, Md.-based company that develops wireless surveillance products for government customers.
DRT's digital signal processing products, such as wireless receivers and transceivers, are used by U.S. intelligence customers, the Department of Defense and the Department of Homeland Security to collect signals intelligence and threat warnings. DRT has approximately 370 employees, with the majority located in Germantown. The acquisition, announced Nov. 14, 2008, is part of Boeing's strategy to expand its presence in the growing intelligence market.
Terms of the transaction were not disclosed. DRT will operate within Boeing Integrated Defense Systems' Network & Space Systems unit.
A unit of The Boeing Company, Boeing Integrated Defense System
s 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 $32.1 billion business with 71,000 employees worldwide.
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