Raytheon, a defense contractor company, completed the acquisition of Blue Canyon Technologies, a provider of small satellites and spacecraft systems, for $398m. "The space market is rapidly expanding and our customers need comprehensive solutions faster than ever before. What makes Blue Canyon Technologies the right fit for our business is its agile, innovative culture and expertise in small satellite systems and technologies. This acquisition enables us to deliver a broader range of solutions to support our customers' space missions – from sensing subsystems to mission systems integration and from launch and range support to on-orbit operations," Roy Azevedo, Raytheon Intelligence & Space President.