Press for XIR/Growth
ITA Software, Inc., the leader in developing innovative solutions for the travel industry, and FareCompare.com, the independent airfare comparison shopping site, today announced that more than 15,000 travelers are now taking advantage of FareCompare’s When-to-Fly Real-Time Airfare Alerts available via Twitter – http://www.farecompare.com/twitter – for immediate updates on airfare deals. Introduced in July, the free and easy-to-use Twitter application is part of FareCompare’s real-time alerts service powered by ITA Software’s QPX system, which provides robust airfare search results and the most accurate seat inventory.
Raytheon Company (NYSE: RTN) announced today that it has completed its acquisition of BBN Technologies, a world leader in research and development, and provider of critical solutions for national defense and security missions. The purchase price is approximately $350 million, subject to post-closing adjustments. The transaction will not materially impact Raytheon's sales or earnings per share for the fourth quarter of 2009, and is expected to be accretive in 2010.
Southwest Airlines (NYSE: LUV) and ITA Software, Inc., the leader in developing innovative solutions for the travel industry, today announced advanced capabilities that support Southwest’s website enhancements and allows the airline to further extend the capabilities of southwest.com moving forward. Southwest selected ITA’s QPX™ system to support its recent website updates, making it even easier for customers to take advantage of the airline’s industry-leading low fares.