Raytheon Technologies has signed a definitive agreement to acquire privately-held SEAKR Engineering, Inc., a supplier of advanced space electronics.
While the acquisition is subject to the completion of customary conditions and regulatory approvals, plans are in place for SEAKR Engineering to be a wholly-owned subsidiary of Raytheon Technologies and to report into Raytheon Intelligence & Space upon closing.
“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,” said Roy Azevedo, president of Raytheon Intelligence & Space. “With SEAKR Engineering, we are enhancing our capability to provide qualified systems faster.”
Based in Centennial, Colorado with more than 540 employees, SEAKR Engineering was founded in 1981, and has so far delivered more than 300 flight units with a 100 percent on-orbit success rate.
Raytheon Intelligence & Space’s and SEAKR’s portfolios are highly complementary, and both companies work on DARPA’s Blackjack program. Blackjack aims to develop and demonstrate the critical elements for a global high-speed network in low earth orbit (LEO) that provides the defense department with persistent coverage employing multiple payload types and missions.
SEAKR is also not the only company working on the Blackjack project to be acquired by Raytheon. In December 2020, the company bought Blue Canyon Technologies, a company responsible for delivering the buses for Blackjack.
“SEAKR Engineering is a forward-leaning business with a determined drive to innovate and do the work necessary to make advancements that enable new possibilities in space,” said Scott Anderson, president and co-founder, SEAKR Engineering. “Being able to leverage the strengths and expertise of the Raytheon Technologies team, we will have the ability to build on our industry-leading products as part of a larger talented team equally committed to our customers, employees and values.”