Raytheon unit helps with information security

WALTHAM – Raytheon Co., the defense contractor that bought data-
protection company Oakley Networks last year, created an information-security unit to help insulate federal government computers from attack and commercial customers from fraud or theft, Bloomberg News reported.
The new unit will seek a greater share of federal and commercial data-security markets valued at $8 billion annually, Steve Hawkins, vice president of information security solutions, said in an interview last week. He declined to project revenue for the new business.
The $7 billion government information-security market will grow about 20 percent annually over the next five years, Hawkins said. The $1 billion commercial market is increasing about 40 percent annually. The new division will combine the assets acquired from Oakley with Waltham-based Raytheon’s 25 years of experience in information security.
The new unit will be part of the company’s $2.7 billion intelligence and information systems group, based in Garland, Texas. Terms of the Oakley purchase, which was completed in October, weren’t disclosed. It was one of two acquisitions Raytheon made last year for a combined total of $211 million. &#8226