Raytheon Technologies has signed a definitive agreement to buy advanced space electronics supplier SEAKR Engineering, Inc.
“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.
SEAKR Engineering will become a wholly owned subsidiary of Raytheon Technologies and will report to Raytheon Intelligence & Space upon closing.
“With SEAKR Engineering, we are enhancing our capability to provide qualified systems faster,” Azevedo said. “SEAKR’s culture of forward-thinking innovation will complement our ability to solve our space customers’ hardest problems.”
SEAKR Engineering, founded in 1981 by the Anderson family, is based in Centennial, Colorado, and has more than 540 employees.
“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,” said Scott Anderson, president and co-founder of SEAKR Engineering.
Closure of the acquisition is subject to the completion of customary conditions and regulatory approvals.