Boeing To Acquire eXMeritus

NEW YORK (AP) -- Aerospace company Boeing Co. said Monday that it will buy hardware and software provider eXMeritus Inc. in order to broaden its cyber and intelligence market presence.

Terms were not disclosed.

Fairfax, Va.-based eXMeritus, which has fewer than 30 workers, serves the federal government and law enforcement groups. The company will be folded into Boeing's integrated defense systems' network and space systems division.

"Our military and government customers have said that protecting vital information networks against cyber attacks is one of the nation's highest priorities, and Boeing is responding to the call," Boeing Integrated Defense Systems President and Chief Executive Jim Albaugh said in a statement.

The acquisition is targeted to close by the end of the month. Chicago-based Boeing said the transaction will not impact its financial forecast.

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