Raytheon: Ho hum, another day, another $1bn cyber-security contract with Uncle Sam
Contractor signs on to safeguard 100-plus agencies
Defense contractor Raytheon said it will be providing IT security for more than 100 US government agencies in a deal valued at upwards of $1bn.
Raytheon said the billion-dollar contract, reportedly set to run for five to seven years, will include development and support of cybersecurity protections for the Department of Homeland Security (DHS) and all of the federal agencies under its umbrella.
Raytheon said it will also become the prime contractor for the DHS' Network Security Deployment division.
"Today's cyber threats are increasingly pervasive and serious, and our government and private sector institutions require the best protection possible," Raytheon intelligence, information and services president Dave Wajsgras said in a canned statement.
Well known as a military and government defense contractor working with both the US and UK, Raytheon has built up its cyber-security chops with a rash of acquisitions, most recently Websense in a deal that cost Raytheon more than $1.5bn. Raytheon claims it has spent $3.5bn to acquire a dozen cyber security companies over the last ten years.
The announcement of the contract comes less than two months after the DHS was given a new head of information security in NSA veteran Andy Ozment.
The deal also comes as the US government looks to recover from one of its worst-ever data breaches, as hackers were able break into systems at the US Office of Personnel Management (OPM) to make off with the personal information of more than 25 million people who were given background checks by the federal government. ®