In its recently filed 2015 10-K, Raytheon disclosed that it paid $62 million (net of cash and exclusive of retention payments) for Foreground Security. Renamed Raytheon Foreground Security (RFS) and acquired this past October, Foreground is a provider of security operations centers (SOC's), managed security solutions and cybersecurity professional services. At the time of the acquisition, the company had approximately 165 employees, 85 percent of whom are trained cybersecurity experts. We were unable to determine a revenue figure for the business, however, we estimate its less than $50M annually. AGC Partners advised Foreground Security on the transaction.
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