In 2024, Nightwing, an independent cybersecurity and intelligence company, was spun off from RTX, a defense contractor based in Virginia. This change was announced months after RTX revealed a $1.3 billion deal in their quarterly financial reports. According to a spokesperson from RTX, Nightwing is now separate from the defense contractor and not connected to them. However, the identity of the buyer was not disclosed by the spokesperson. Reuters had previously reported that Blackstone, a private equity firm, was the buyer.
Nightwing’s leadership is comprised of former RTX employees who bring a wealth of experience to the table. John DeSimone, Steve Worley, Timothy Zentz, Jon Check, Lori Scherer, and Ron McDermott are all part of Nightwing’s leadership team. The company claims to have been in development for 40 years before becoming independent in 2024.
RTX is one of the largest defense contractors in the world and ranks second in terms of defense-related revenue. In 2022 and 2021, the company generated $39.6 billion and $41.9 billion in defense revenue respectively as per Defense News Top 100 list
