Deal Details
Digital Receiver Technology, Inc. Is Acquired by Thales
Summary
Digital Receiver Technology, Inc. (“DRT”), a subsidiary of The Boeing Company (“Boeing”) (NYSE: BA), has been acquired by Thales Defense and Security, Inc. (“TDSI”), a subsidiary of Thales S.A. (“Thales”) (XPAR: HO). Terms of the transaction were not disclosed.
Baird served as exclusive financial advisor to Boeing on this transaction.
About
DRT is a commercial provider of intelligence systems to detect, demodulate, and geolocate signals through advanced digital signal processing in SWaP-optimized form factors for signals intelligence (SIGINT) and electronic warfare (EW) programs across multiple domains. DRT has built a reputation as a best-in-class technology provider through a 25-year track record developing mission-critical modular converged hardware / software systems which protect the warfigher. DRT is headquartered in Germantown, Maryland.Thales’ acquisition of DRT illustrates the following buyer priorities in Defense & Government M&A: (1) demand for companies with distinguished capabilities in SIGINT and EW; (2) prioritization of technology with multi-domain applications; and (3) continued portfolio shaping through divestitures.
As a leading global aerospace company, Boeing develops, manufactures, and services commercial airplanes, defense products, and space systems for customers in more than 150 countries. As a top U.S. exporter, the firm leverages the talents of a global supplier base to advance economic opportunity, sustainability, and community impact. Boeing's diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the firm’s core values of safety, quality, and integrity. Boeing is headquartered in Arlington, Virginia.
TDSI is a U.S. firm that has been serving domestic and international defense Air, Land, and Sea domains for 60 years. With over 1,000 employees, TDSI and its subsidiaries support U.S. Joint Services, special operations forces, and multi-national partners with a variety of communication, visualization, electronic warfare, and sensor / sonar capabilities. TDSI’s key technologies include tactical handheld radios, expeditionary satellite terminals, helmet-mounted displays, optics and target recognition capability, advanced radars, undersea sensing, and missile systems. TDSI is headquartered in Clarksburg, Maryland.
Thales is a global technology leader with more than 81,000 employees on five continents. Thales is investing in digital and “deep tech” innovations – Big Data, artificial intelligence, connectivity, cybersecurity, and quantum technology – to build a future we can all trust. In the markets of and security, aerospace and space, digital identity, and cybersecurity, Thales provides solutions, services, and products to help its customers – companies, organisations and governments – to carry out their critical missions. Thales is headquartered in Paris, France.
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- Date
- October 2024
- Company
- The Boeing Company
- Transaction
- M&A - Sellside
- Sectors
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Technology & Services
Industrial - Verticals
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Defense & Government
- Target Geography
- North America
- Acquiror Geography
-
North America
Europe
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