Raytheon to buy space firm SEAKR Engineering

Raytheon Technologies Corporation announced on 14 September that it has agreed to purchase SEAKR Engineering, which supplies space electronics to customers that include the US Department of Defense and large prime contractors.

The purchase is Raytheon's second space acquisition in less than a year as the US defence and aerospace company seeks to bolster its offerings in a fast-growing field.

Roy Azevedo, president of Raytheon's Intelligence & Space (RIS) business, said the acquisition will allow Raytheon to meet the needs of its customers more quickly.

When the transaction closes after receiving regulatory approval, SEAKR will become a wholly-owned subsidiary of Raytheon and will report into RIS. Financial terms of the deal were not disclosed.

SEAKR's products include avionics, communications equipment, processing systems, and solid state recorders. Founded in 1981, SEAKR is based in Centennial, Colorado, and has more than 540 employees.

The announcement came less than nine months after Raytheon paid an undisclosed sum for Blue Canyon Technologies: a Boulder County, Colorado-based company that makes small satellites and spacecraft subsystems. At the time, Blue Canyon had more than 200 employees.