US aerospace and defence company Raytheon Technologies has acquired small satellite manufacturer and mission services provider Blue Canyon Technologies (BCT).
The acquisition follows the announcement of a definitive agreement reached between both the companies last month.
The acquisition enables BCT to strengthen its product line, including small satellite solutions such as nanosatellites, microsatellites, EELV Secondary Payload Adapter (ESPA)-class satellites, and associated technology.
Blue Canyon Technologies president and CEO Technologies George Stafford said: “Raytheon Intelligence & Space delivers the disruptive technologies customers need to succeed.
“Joining this team will enable our innovative small-satellite solutions to continue to transform the space industry and drive our customers’ success.”
Financial details of the deal have not been disclosed by the companies.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataFollowing the completion of the transaction, BCT now reports into Raytheon Intelligence & Space.
BCT designs, manufactures, tests, and operates small spacecraft, including airspace components and system buses.
Blue Canyon Technologies will continue to operate under the existing business name and brand, as well as serve its customers from its facilities in Boulder and Lafayette, Colorado.
The satellite manufacturer recently opened its new 80,000ft² Satellite Constellation Factory headquarters and production facility in Lafayette.
It is currently engaged in building more than 90 spacecraft for government, commercial as well as academic missions.
It supports missions for the US Air Force, Nasa and the Defense Advanced Research Projects Agency (DARPA).
Last week, Blue Canyon Technologies reached the critical design review (CDR) milestone in the development of the DARPA’s Blackjack programme.
