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Raytheon Company (RTN - Analyst Report) has unveiled its SureView Version 6.7 solution to support U.S. federal agencies. The main objective behind the introduction of this new technology is to implement an insider threat detection program to counter national security threats and protect privacy rights. The company’s Intelligence and Information Systems business segment will be responsible for this solution upgrade program.
Raytheon’s SureView is an information-protection solution, which recognizes and supports investigations on users throughout a project. This technology helps to shield organization information and control insider threats utilizing an integrated and enterprise-wide system. It can efficiently detect unauthorized access to information and unauthorized transfer of information.
In addition, SureView puts together a set of traits to confine threats in complex desktop applications. The gathered data can be viewed in video-like, near real-time replay that shows the user’s actions, including mouse movements, keyboard usage, websites visited and documents opened. This system also has sophisticated detection facilities including malware detection and social-networking auditing.
The SureView Version 6.7 solution offers easy policy formation through a new "policy wizard". This wizard enables users to identify information that can be accessed and the ones which are inaccessible, thus protecting civil liberties and personal privacy. This solution also enables the integration of the collected data in the Security Information and Event Management system for analysis and further improvement of security policies and procedures.
Raytheon introduced this new system to comply to President Barack Obama's memorandum released in Nov, 2012. Due to a rise in security compromises and terrorist activities, the U.S. government has currently increased its focus on countering these threats. As an important provider of insider threat solutions to the U.S. government, Raytheon strives to maintain its track record by upgrading its SureView system to strengthen the national security mechanism. The company has been a trusted partner to numerous federal bodies as well as several Fortune 100 companies since 2001.
We believe the introduction of sophisticated technology-enabled SureView Version 6.7 solution will enable the company to get more contracts from the government and corporate organizations, which may subsequently improve its future performance.
Raytheon is a well-positioned large-cap defense player, with a non-platform-centric focus. It had strong order bookings and order backlog of approximately $26.5 billion and $36.2 billion, respectively, at the end of 2012.
However, these positives are offset by apprehensions over future growth of the U.S. defense budget, the fate of high-cost programs, risks related to key project executions and order cancellations.
Raytheon Company currently has a Zacks Rank #3 (Hold). Other stocks from the sector that are presently performing well include The Boeing Company (BA - Analyst Report), Lockheed Martin Corporation (LMT - Analyst Report), and Rockwell Collins Inc. (COL - Analyst Report), all carrying a Zacks Rank #2 (Buy).
Waltham, MA.-based Raytheon Company is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world.