Boeing Defense, Space & Security2008-12-18 11:14:07

Boeing Completes Acquisition of Digital Receiver Technology

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.

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