Raytheon Company (NYSE: RTN) has completed its acquisition of BBN Technologies, a leader in research and development and provider of critical solutions for national defense and security missions. The purchase price is approximately $350 million, subject to post-closing adjustments. The transaction will not materially impact Raytheon's sales or earnings per share for the fourth quarter of 2009, and is expected to be accretive in 2010.

BBN will become part of Network Centric Systems and operate as Raytheon BBN Technologies. BBN's diverse portfolio encompasses a range of technologies including advanced networking, speech and language technologies, information technologies, sensor systems, and cybersecurity.