ST. LOUIS, Nov. 14, 2008 -- The Boeing Company [NYSE: BA] today announced an agreement to acquire Digital Receiver Technology, Inc. (DRT), a Germantown, Md.-based company that develops hardware and software products for wireless surveillance and tracking equipment for federal government and law enforcement 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 signal intelligence and threat warnings. DRT has approximately 370 employees, with the majority located in Germantown.
"This acquisition is another move in our strategy to expand our presence in the growing intelligence market," said Jim Albaugh, president and CEO of Boeing Integrated Defense Systems. "With DRT on our Boeing team, we have expanded our ability to offer military and law enforcement customers improved tools for gathering, analyzing and sharing intelligence."
Terms of the transaction were not disclosed. Once acquired, DRT will operate within Boeing Integrated Defense Systems' Network & Space Systems unit. The transaction is anticipated to close by the end of the year.
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