Raytheon to acquire space electronics supplier SEAKR Engineering
Once the deal is done, SEAKR will be part of the Raytheon Intelligence & Space segment.
Raytheon Technologies has signed a definitive agreement to acquire SEAKR Engineering, a private supplier of space electronics based in Centennial, Colorado.
Closing of the acquisition is subject to the fulfillment of customary conditions and regulatory approvals. SEAKR Engineering will be a wholly owned subsidiary of Raytheon Technologies and will be part of Raytheon Intelligence & Space upon closing.
Speaking of the deal, Roy Azevedo, President of Raytheon Intelligence & Space, said: “Our investment strategy accelerates our agility to a higher level of performance – the space standard – and expands our core space business with new applications that shape our world. With SEAKR Engineering, we improve our ability to deliver qualified systems faster. SEAKR’s forward-thinking culture of innovation will complement our ability to solve the toughest problems of our space customers.
Over the past 40 years, SEAKR Engineering has delivered over 300 flight units with a 100% in-orbit success rate.
Scott Anderson, President and Co-Founder of SEAKR Engineering, added: “SEAKR Engineering is a forward-looking company with a determined drive to innovate and do the work necessary to make advancements that enable new possibilities in space. . Able to leverage the strengths and expertise of the Raytheon Technologies team, we will have the ability to leverage our cutting-edge products as part of a larger talented team, equally committed to our customers, employees and our values. “