Aerospace Group:

Business/Financial

Raytheon Technologies To Acquire Small Satellite Company Blue Canyon

By Cal Biesecker

Tuesday, November 10th, 2020

SHARE:

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…

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]