Tag: RTX
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MDA Space to Acquire Blue Canyon Technologies for $620 Million
MDA Space has signed a definitive agreement to acquire Blue Canyon Technologies (BCT) from RTX’s Raytheon business in an all-cash transaction valued at $620 million, or approximately C$874 million. The acquisition is expected to strengthen MDA Space’s position in the growing U.S. government and defense space market while expanding its spacecraft manufacturing capabilities and operational…
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Avio Secures Raytheon and Lockheed Martin as Key Customers for New U.S. Rocket Motor Plant
Italian rocket manufacturer Avio said on Monday that Raytheon and Lockheed Martin will be major customers for its planned solid rocket motor (SRM) plant in the United States. Under separate agreements, both defense contractors will have preferred access to a share of the plant’s production, Avio said. The company has not yet disclosed the plant’s…