Raytheon Intelligence & Space acquires Blue Canyon Technologies
ARLINGTON, Va., (December 21, 2020) – Raytheon Technologies (NYSE: RTX) today announced it has completed the acquisition of privately-held Blue Canyon Technologies, a leading provider of small satellites and spacecraft systems components. Blue Canyon Technologies will report into Raytheon Intelligence & Space.
“Adversaries are aggressively developing space and counter-space capabilities faster than ever before,” said Roy Azevedo, president of Raytheon Intelligence & Space. “We must be able to rapidly deliver capabilities across satellite classes and orbits, and Blue Canyon will further our ability to do that.”
Based in Boulder, Colorado with more than 200 employees, Blue Canyon Technologies was founded in 2008. The company currently has more than 90 satellites in production, and has supported missions for the U.S. Air Force, NASA and the Defense Advanced Research Projects Agency.
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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 $15 billion in pro forma annual revenue in 2020 and has 37,000 employees worldwide. Raytheon Intelligence & Space is one of four businesses that form Raytheon Technologies Corporation.