Raytheon is Purchasing Blue Canyon Technologies
On November 10, Arlington, Virginia-based Raytheon Technologies announced that it would acquire Blue Canyon Technologies. The Boulder, Colorado-based company
manufacturers small satellites and spacecraft systems components. Blue Canyon Technologies will fold into Raytheon 's current Intelligence and Space division after the purcahse closes, which is expected in early 2021, subject to regulatory approvals.
"The space market is rapidly expanding and our customers need comprehensive solutions faster than ever before," said Roy Azevedo, president of Raytheon Intelligence and Space. "What makes Blue Canyon Technologies the right fit for our business is its agile, innovative culture and expertise in small satellite systems and technologies. This acquisition enables us to deliver a broader range of solutions to support our customers' space missions – from sensing subsystems to mission systems integration and from launch and range support to on-orbit operations."
Blue Canyon was founded in 2008, has 200 employees, and is working on more than 90 satellites. The company has supported missions for the U.S. Air Force, NASA and the Defense Advanced Research Projects Agency.