Blue Canyon Technologies Announces Completion of Acquisition by Raytheon Technologies
December 21 2020 - 5:27PM
Business Wire
Acquisition allows Blue Canyon to quickly scale
production and pursue larger, more complex space missions
Leading small satellite manufacturer and mission services
provider Blue Canyon Technologies (“BCT” or “Blue Canyon”)
announced today the completion of its acquisition by Raytheon
Technologies (NYSE: RTX), an aerospace and defense company that
provides advanced systems and services for commercial, military and
government customers worldwide. BCT now reports into Raytheon
Intelligence & Space, a business of Raytheon Technologies.
“Raytheon Intelligence & Space delivers the disruptive
technologies customers need to succeed,” said George Stafford,
president and CEO of Blue Canyon. “Joining this team will enable
our innovative small-satellite solutions to continue to transform
the space industry and drive our customers’ success.”
Blue Canyon’s diverse portfolio of spacecraft has successfully
enabled a broad range of missions and technological advancements
for the U.S. Government and new space economy, further reducing the
barriers of space entry. The acquisition allows BCT to grow its
innovative product line to meet customer demand, including small
satellite solutions including nanosatellites, microsatellites,
ESPA-class satellites, and related technology.
BCT is currently building more than 90 spacecraft for
government, commercial and academic missions. BCT has seen
significant growth over the past 12 months and recently opened its
new 80,000-square-foot Satellite Constellation Factory headquarters
and production facility in Lafayette, Colorado. BCT will continue
to serve its customer base under the current business name and
brand from their Boulder and Lafayette, Colorado facilities.
About Blue Canyon Technologies
Blue Canyon Technologies, a wholly-owned subsidiary of Raytheon
Technologies, offers a diverse portfolio of innovative, reliable
and affordable spacecraft that enable a broad range of missions and
technological advancements for the new space economy, reducing the
barriers of space entry. BCT is currently supporting nearly 50
unique missions with over 90 spacecraft, all in production at their
newly developed 80,000-square-foot facility in Lafayette,
Colorado.
BCT has supported missions for the U.S. Air Force, NASA and the
Defense Advanced Research Projects Agency, and provided the
Attitude Control Systems for the first interplanetary CubeSats,
which successfully traveled to Mars. The company has been
recognized with awards from Inc. Magazine’s 5000 Fastest Growing
Private Companies, 2019 Best in Biz award, 2019 ColoradoBiz Made in
Colorado Emerging Manufacturer Winner and the 2020 Tibbetts
Award.
For the latest news on Blue Canyon Technologies and for other
company information, please visit www.bluecanyontech.com. You can
follow the company on Instagram here or Twitter here.
About Raytheon Intelligence & Space
Raytheon Intelligence & Space delivers the disruptive
technologies our customers need to succeed in any domain, against
any challenge. A developer of advanced sensors, training, and cyber
and software solutions, Raytheon Intelligence & Space provides
a decisive advantage to civil, military and commercial customers in
more than 40 countries around the world. Headquartered in
Arlington, Virginia, the business generated $14 billion in pro
forma annual revenue in 2019 and has 35,700 employees worldwide.
Raytheon Intelligence & Space is one of four businesses that
form Raytheon Technologies Corporation.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201221005766/en/
Media Contact: Hayle Bell, 720-458-0703
RTX (NYSE:RTX)
Historical Stock Chart
From Mar 2024 to Apr 2024
RTX (NYSE:RTX)
Historical Stock Chart
From Apr 2023 to Apr 2024