Raytheon Technologies To Acquire Space Electronics Company SEAKR Engineering
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 the Raytheon Intelligence & Space segment.
“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,” Roy Azevedo, president of Raytheon Intelligence & Space, said in a statement. “With SEAKR Engineering, we are enhancing our capability to provide qualified systems faster.”
SEAKR’s products include data storage units, flash memory cards, data management systems, vision processing systems, communications onboard processors, solid state recorders, payload recorders and more. The company’s products are on more than 300 missions with a 100 percent on-orbit success rate. SEAKR also provides contract manufacturing.
SEAKR’s customers include Ball Corp., Northrop Grumman, RTC, NASA, the Air Force Research Laboratory, Britain’s BAE Systems, France’s Thales, Inmarsat and Cisco.
RTC’s existing space systems capabilities include small satellites, ground control stations, satellite-based sensors for missions such as earth observation and missile warning, and constellation management.