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Business/Financial

Blue Canyon Technologies Says RTC’s Investment Paying Dividends

By Cal Biesecker

Tuesday, December 21st, 2021

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Blue Canyon Technologies Says RTC’s Investment Paying Dividends

Blue Canyon Technologies' XB12 satellite. Image: Blue Canyon

A year after being acquired by Raytheon Technologies Corp. [RTX], Blue Canyon Technologies said the investment has paid off for the company and that it has reorganized into four business units. Tuesday marked the one-year anniversary of Blue Canyon’s $426 million acquisition by RTC’s Raytheon Intelligence & Space (RI&S) segment. “Raytheon’s investment has allowed Blue Canyon to scale production to dramatically reduce spacecraft time leads and offer end-to-end solutions,” Stephen Steg, CEO of Blue Canyon Technologies, said in a statement.…

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