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Waltham based Raytheon completes $350 Million purchase of BBN Technologies, Internet and Boston technology pioneer November 2, 2009

Posted by HubTechInsider in Defense Contracts, Venture Capital.
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Raytheon Company (NYSE:RTN) has completed its buyout of Cambridge, MA-based BBN Technologies for about $350 million. The amount of the purchase was not disclosed when the Waltham, MA-based provider of defense systems first announced the deal in September 2009. BBN Technologies has meant much to the development of the Internet and the Boston innovation scene over the past several decades.

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