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WASHINGTON — 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.
Reuters on Oct. 24 named the prospective buyer as private-equity firm Blackstone. C4ISRNET could not independently verify the matter; an RTX spokesperson said no additional information could be shared.
The company bills its cybersecurity business as protecting “the most critical information, systems and operations with breakthrough technology and world-class talent.” Its offerings range from digital security services to secure communications products.
RTX is the second largest defense contractor in the world when ranked by defense-related revenue, according to Defense News Top 100 analysis.
The company, formerly known as Raytheon Technologies, rebranded to the three-letter moniker that matches its stock-market ticker earlier this year. CEO Greg Hayes at the time said the reworked name was “a nod to the past and a nod to the future.”
Colin Demarest is a reporter at C4ISRNET, where he covers military networks, cyber and IT. Colin previously covered the Department of Energy and its National Nuclear Security Administration — namely Cold War cleanup and nuclear weapons development — for a daily newspaper in South Carolina. Colin is also an award-winning photographer.
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