:

Business/Financial

Raytheon Technologies To Acquire Space Electronics Company SEAKR Engineering

By Cal Biesecker

Tuesday, September 14th, 2021

SHARE:

Raytheon Technologies To Acquire Space Electronics Company SEAKR Engineering

SEAKR Engineering's products include data management systems. Photo: SEAKR Engineering

Raytheon Technologies [RTX] on Tuesday said it has agreed to acquire SEAKR Engineering in a deal that strengthens its space business with a suite of space electronics products. Terms of the deal, which is subject to regulatory approvals, were not disclosed. Colorado-based SEAKR has more than 540 employees. Once the deal closes, SEAKR will become part of the Raytheon Intelligence & Space segment. “Our investment strategy accelerates our agility in meeting a higher standard of performance—the space standard—and expands our…

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]

Congress

House Heads For Recess Without Moving On NDAA After Procedural Vote Fails

The House will leave for the Fourth of July recess without moving forward on its $1.15 trillion fiscal year 2027 National Defense Authorization Act (NDAA), with a procedural vote to […]