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BAE SYSTEMS completes acquisition of Corbett Technologies

13 Nov 2002

BAE Systems North America today completed its acquisition of Corbett Technologies, Inc., following review by the relevant regulatory authorities. The $15 million cash transaction complements BAE Systems established information technology and secure information businesses.

Corbett Technologies, based in Alexandria, Virginia, and employing more than 100 people, was founded in April 1994 and focuses on safeguarding information systems by providing full-service Information Assurance solutions. This year, Corbett Technologies was ranked in the top 15 fastest growing public and private technology companies headquartered in the Washington D.C. area. The company's past performance, tremendous growth, and high quality technical workforce directly aligns with the current BAE Systems information technology strategies in the communications/IT segment of the C4ISR market and the Federal IT marketplace.

"Corbett Technologies is a terrific addition to BAE Systems and underscores our focus on solutions that provide assured information delivery and assured information protection," stated Dr. Marshall Banker, president of BAE Systems Information Systems Sector. "Their expertise in security technology aligns perfectly with our commitment to provide our customers with world class services and mission support. We are pleased to welcome our new employees and their unique proven capabilities to our team."



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