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  • Thursday, November 21, 2024

Raytheon to Buy Space Electronics Supplier SEAKR Engineering; Roy Azevedo Quoted

Raytheon Technologies (NYSE: RTX) has agreed to purchase Centennial, Colorado-based space electronics supplier SEAKR Engineering for an undisclosed sum.

Raytheon said Tuesday it will integrate SEAKR into the Waltham, Massachusetts-headquartered company’s intelligence and space business once the deal is closed.

SEAKR employs over 540 workers in Centennial and has provided customers more than 300 flight units with an on-orbit success rate of 100 percent over the past four decades.

Roy Azevedo, president of RI&S and a two-time Wash100 recipient, said the company made the acquisition in a push to accelerate the delivery of qualified space technologies.

“Our investment strategy accelerates our agility in meeting a higher standard of performance ― the space standard ― and expands our core space business with new applications that are shaping our world,” Azevedo noted.

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