RTX has sold its cybersecurity, intelligence and services arm to an undisclosed buyer for $1.3 billion, Potomac Tech Wire reported on Thursday.
In an email sent to Washington Technology, an RTX spokesperson said the decision to divest the business unit resulted from a routine review of the company’s portfolio, which determined that selling was the best option for company clients, stakeholders and employees.
“We believe this gives the business greater autonomy to deliver on customer missions and allows it to serve as a platform for innovation well into the future,” they stated.
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