Raytheon Technologies 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…

Making a jump to have its own in-house capabilities to design and manufacture satellites, Britain’s BAE Systems on Tuesday said it has acquired another United Kingdom-based company, In-Space Missions, which is currently designing and building a series of satellites for various customers. The acquisition gives BAE a full lifecycle satellite capability while offering In-Space Missions the ability…

Boeing on Thursday said it has entered a strategic partnership with the private equity firm AE Industrial Partners (AEI) to manage and expand its HorizonX venture capital arm that has already made minority investments in 40 startups and technology companies globally since Boeing founded it in 2017. AEI HorizonX will be led by Brian Schettler, who led…

Northrop Grumman reported strong second quarter financial results on July 29, led by a number of programs in its Space Systems and Mission Systems segments. The company again raised its top and bottom-line guidance for the year. Net income increased 3% to $1.04 billion, $6.42 earnings per share from $1.01 billion ($6.01 EPS) a year…