Small Satellite Leader Blue Canyon Technologies to Be Acquired by Raytheon Technologies

November 10, 2020

Blue Canyon Technologies, Inc. announced that it has entered into a definitive agreement to be acquired by Raytheon Technologies. BCT will report into Raytheon Intelligence & Space, a business of Raytheon Technologies, subject to certain regulatory and customary closing conditions.

Blue Canyon’s 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 will allow BCT to grow its innovative product line of turnkey small satellite solutions, including nanosatellites, microsatellites, and ESPA-class satellites, and related technology and meet increasing customer demand. 

“Raytheon Technologies is a leader in developing advanced sensors, cyber and software solutions,” said George Stafford, president and CEO of Blue Canyon. “That leadership, coupled with our innovative and turnkey small-satellite solutions, will allow us to continue to disrupt the space industry and drive our customers’ success.”

BCT is currently building more than 90 spacecraft for government, commercial and academic missions. BCT 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, Colorado.

BCT will continue to serve its customer base under the current business name and brand from their Boulder and Lafayette, Colorado facilities.

Jefferies LLC served as the exclusive financial advisor to Blue Canyon Technologies and King & Spalding LLP and Hutchinson Black and Cook, LLC served as legal advisors in connection with the transaction.