Raytheon buys Blue Canyon Technologies (2020)
Raytheon Technologies agreed to acquire Blue Canyon for about US$350 million, adding small-satellite manufacturing to its space portfolio. The deal closed in early 2021, and Blue Canyon reported into Raytheon Intelligence & Space.
Blue Canyon kept its Colorado operations and continued winning NASA and defense contracts under Raytheon's ownership.
Five years later, RTX agreed to sell the unit to MDA for nearly double what it paid.
This is the same asset changing hands again. It shows how quickly small-satellite makers move between large owners as the sector grows.
