RTX News & Events

MDA Space (MDA) has signed a definitive agreement to acquire 100% of the membership interests of Blue Canyon Technologies in an all-cash transaction for a purchase price and enterprise value of $620M, subject to purchase price adjustments. Blue Canyon Technologies is a spacecraft and satellite component manufacturer and mission services provider, currently part of RTX's (RTX) Raytheon business. "With more than 85 spacecraft launched and 3,500+ products on orbit, BCT has established impressive flight heritage and mission success since the company was founded in 2008. Once completed, the transaction is expected to provide MDA Space with a strategic business and manufacturing footprint to capitalize on growing demand in the US government market for defence space missions. With over 400 highly skilled employees and two manufacturing facilities in the Denver, Colorado space and aerospace hub, BCT offers a diverse and innovative product portfolio that enables a broad range of missions for the space economy," MDA stated. "The acquisition of Blue Canyon Technologies is expected to accelerate our growth strategy by increasing our US market opportunities with highly complementary capabilities, local manufacturing footprint and a skilled and specialized talent base. Securing those strategic benefits on an accretive basis with a profitable and cash-generating business makes this an ideal fit for MDA Space expansion and continued shareholder value creation," said Mike Greenley, CEO of MDA Space.

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.BANK PROBE:The Justice Department has sent far-ranging subpoenas to several of America's largest banks including JPMorgan Chase, Bank of Americaand Wells Fargo, requesting information about whether they "debanked" clients, or improperly closed customer accounts for political reasons, The Wall Street Journal's Dylan Tokar and Gina Heeb, citing people familiar with the matter. The subpoenas from the U.S. Attorney's Office in Washington, D.C., headed by Jeanine Pirro, escalate a campaign by President Trump to root out evidence that banks allegedly discriminated against conservatives and politically controversial industries, including his own family, the authors note.PRODUCTION MEETING:The leaders of roughly seven defense companies have been preparing to meet with President Donald Trump at the White House later this week for a discussion about ways to swiftly increase their production of weaponry for the Pentagon, people familiar with the matter told' Gordon Lubold, Courtney Kube and Carol Lee. Publicly traded defense contractors include BAE Systems, Boeing, GE Aerospace, General Dynamics, HII, L3Harris Technologies, Lockheed Martin, Northrop Grummanand RTX.U.S.-IRAN CONFLICT:President Donald Trump stated in a Truth Social, "The United States will be hitting Iran (Whose Navy, Air Force, Radar, Anti Aircraft, and all other forms of Defense, together with most its offensive capability, are GONE!), VERY HARD TONIGHT. At some point in the not too distant future, we will be taking Kharg Island, and other oil infrastructure points, and assume total control of their Oil and Gas Markets, much like we have with Venezuela, which is working out brilliantly for both Venezuela and the United States of America. Thank you for your attention to this matter!"AURORA POWERHOUSE:Okloannounced that the U.S. Department of Energy's, DOE's, Idaho Operations Office has approved the Preliminary Documented Safety Analysis, PDSA, for Oklo's Aurora powerhouse at Idaho National Laboratory, INL, under DOE's Reactor Pilot Program, RPP. "This approval represents an important milestone for Aurora-INL and helps establish a foundation for future Aurora deployments," said Jacob DeWitte, co-founder and CEO of Oklo. "Aurora-INL is helping show how advanced reactors can move through real safety review, real construction, and ultimately into commercial licensing."