Tuesday December 22, 2020 0 comments
BOULDER -- Small satellite manufacturer and mission services provider Blue Canyon Technologies announced 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 said its 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, the company said.
BCT is currently building more than 90 spacecraft for government, commercial and academic missions. BCT said it 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.
BCT said it will continue to serve its customer base under the current business name and brand from their Boulder and Lafayette facilities.