Author: Nichols Martin|| Date Published: September 15, 2021
Raytheon Technologies (NYSE: RTX) has agreed to purchase Centennial, Colorado-based space electronics supplier SEAKR Engineering for an undisclosed sum.
Raytheon said Tuesday it will integrate SEAKR into the Waltham, Massachusetts-headquartered company’s intelligence and space business once the deal is closed.
SEAKR employs over 540 workers in Centennial and has provided customers more than 300 flight units with an on-orbit success rate of 100 percent over the past four decades.
Roy Azevedo, president of RI&S and a two-time Wash100 recipient, said the company made the acquisition in a push to accelerate the delivery of qualified space technologies.
“Our investment strategy accelerates our agility in meeting a higher standard of performance ― the space standard ― and expands our core space business with new applications that are shaping our world,” Azevedo noted.
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