Boeing exits cybersecurity business

Boeing exits the cyber security business by selling to Symantec.

Symantec said Monday it had agreed to acquire staff and technology licenses from Boeing’s Narus Inc. unit in a move to increase its presence in the corporate cyber security market.
Narus, which Boeing acquired four years ago, specializes in Internet-filtering software for intelligence agencies but, according to the Wall Street Journal, Boeing executives had indicated in recent months that commercial markets were proving tough to crack.
“That just didn’t materialize the way we thought it was going to,” Dewey Houck, vice president and general manager of Boeing’s Electronic & Information Solutions division, said.

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