Raytheon Intelligence & Space to acquire Colo.-based satellite provider

Arlington-based aerospace contractor to buy Blue Canyon Technologies

Published November 11, 2020 by Sydney Lake

Arlington-based aerospace and defense contractor Raytheon Intelligence & Space announced Tuesday it has signed a definitive agreement to acquire Lafayette, Colorado-based Blue Canyon Technologies, a provider of small satellites and spacecraft systems components.

Financial terms of the deal were not disclosed.

Founded in 2008, Blue Canyon Technologies currently has more than 90 satellites in production and has supported U.S. Air Force, NASA and Defense Advanced Research Projects Agency missions. The company employs more than 200 people. 

“The space market is rapidly expanding and our customers need comprehensive solutions faster than ever before,” Raytheon Intelligence & Space President Roy Azevedo said in a statement. “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.”

Raytheon Intelligence & Space employs more than 39,000 people and in 2019 reported sales of $15 billion. It develops sensors, training, software and cyber solutions for civil, military and commercial customers. 

It is one of four business segments of Waltham, Massachusetts-based aerospace and defense manufacturer Raytheon Technologies Corp., which was formed in 2020 through the merger of the Raytheon Co. and United Technologies Corp. and employs 195,000 people. The parent company reported 2020 revenue of $97.75 billion.

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