Raytheon Technologies to acquire Blue Canyon Technologies

Raytheon Technologies (NYSE:RTX) inks agreement to acquire privately held Blue Canyon Technologies (BCT), a provider of small satellites and spacecraft systems components.BCT will report into Raytheon Intelligence & Space, a business of Raytheon Technologies.Acquisition will allow BCT to quickly scale production and pursue larger, more complex space missions.BCT will continue to serve its customer base under the current business name and brand from their Boulder and Lafayette, Colorado facilities.Financial terms of the deal weren’t disclosed.

Source: Raytheon Technologies to acquire Blue Canyon Technologies (NYSE:RTX) | Seeking Alpha