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Business/Financial

Raytheon Technologies To Acquire Small Satellite Company Blue Canyon

By Cal Biesecker

Tuesday, November 10th, 2020

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Raytheon Technologies To Acquire Small Satellite Company Blue Canyon

Blue Canyon Technologies' XB12 satellite. Image: Blue Canyon

Raytheon Technologies [RTX] on Tuesday said it has agreed to acquire a developer and manufacturer of small satellites and related components, Blue Canyon Technologies. Terms of the deal, which is expected to close in early 2021 pending regulatory approvals, were not disclosed. The pending acquisition will provide Raytheon Technologies’ Intelligence and Space segment with a small, agile player in the burgeoning market for very small satellites. “The space market is rapidly expanding and our customers need comprehensive solutions faster than…

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