Tag: Raytheon
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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 $65M U.S. Contract for Solid Rocket Motor Development
Avio announced on 6 March that it has secured a $65 million contract from Defense Systems and Solutions for the development, qualification and initial production of solid rocket motors for air defence applications. Defense Systems and Solutions is a joint venture between Yulista Integrated Solutions and Science and Engineering Services. The contract covers a three-year…
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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…
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Raytheon Secures $379.7 Million Contract Extension for Delayed GPS Control System
The U.S. Space Force has awarded Raytheon a $379.7 million contract extension to continue work on the overdue Next Generation Operational Control System (OCX), a critical upgrade to the Global Positioning System (GPS) ground control infrastructure that is now more than eight years behind schedule. The contract extension, disclosed on May 21, adds another year…