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Raytheon Intelligence and Space to acquire SEAKR Engineering to obtain SEAR

Raytheon Intelligence and Space to acquire SEAKR Engineering to obtain SEAR

ARLINGTON, Va., Sept. 14, 2021 -- Raytheon Technologies signed a definitive agreement to acquire privately-held SEAKR Engineering, Inc.. - renowned space electronics supplier. Closure of the acquisition is subject to the completion of customary conditions and regulatory approvals. SEAKR Engineering will be a fully-owned subsidiary of Raytheon Technologies and will report to Ray theon Intelligence andamp; Space upon closing.

"Our investment strategy accelerates our agility in meeting a higher standard of performance, the space standard, and expands its core space business with new applications that are shaping our world," said Roy Azevedo, president of Raythe "With SEAKR Engineering, we are extending our capability to provide advanced systems faster. Our innovation culture will complement our ability to solve our space customer's hardest problems.

SEAKR Engineering was founded in 1981 by the Anderson family. The company is located in Centennial, Colorado with more than 540 employees. In the last 40 years, the company delivered more than 300 flight units with a 100% on-orbit success rate.

"SEAKR Engineering is a forward-leaning business with the determination to innovate and do the work necessary to make advancements that enable new possibilities in space," said Scott Anderson, president and co-founder of SEAKR engineering We can leverage the strengths and expertise of the Raytheon Technologies team to build on our industry-leading products in a larger talent team, equally committed to our customers, employees and values.

Using RI&S support, SEAKR's deep talent will be better positioned to drive growth through a robust, combined pipeline of products.

About Raytheon Intelligence & Space - About a RayTheon,. Raytheon Intelligence & Space delivers the disruptive technologies our customers need to succeed in any domain, against any challenge. Raytheon Intelligence & Space is a product of advanced technology and training, and offers renowned cyber and software solutions to civil, military and commercial customers in more than 46 countries around the world. The company was founded in the state of Virginia in 1889 and grew by a total of 15 billion dollars in adjusted pro forma annual revenue in 2020 and has 37,000 employees worldwide. Raytheon Intelligence andamp; Space is one of four companies that form the Raytoon Technologies Corporation.

About SEAKR Engineering, Inc. SEAKR is a leading supplier of space-class electronics for advanced processors, networked systems, reconfigurable radio frequency (RF) and electro-optical (EO) payloads and digital channelizers/be

About Raytheon Technologies. Raytheon Technologies Corporation is a technology and defense company that provides advanced systems and services to commercial, military and government customers worldwide. With four industry-leading companies - Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence / Space and Ray theon Missiles, the company delivers solutions that push the boundaries in The company formed in 2020, in combination with Raytheon and United Technologies Corporation, has a headquarters in Waltham, Massachusetts.

Media Contact Contact Dave Desilets [email protected] [selectronic protected].

SOURCE Raytheon Technologies SURCE SUSCE Technologies - SESSURE Raythons.

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