M&A Deal Summary

Vertex Acquires Raytheon Technologies - Defense Training & Mission Critical Solutions Business Lines

On September 10, 2021, Vertex acquired defense company Raytheon Technologies - Defense Training & Mission Critical Solutions Business Lines from RTX

Acquisition Highlights
  • This is Vertex’s 1st transaction in the Defense sector.
  • This is Vertex’s 1st transaction in the United States.
  • This is Vertex’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2021-09-10
Target Raytheon Technologies - Defense Training & Mission Critical Solutions Business Lines
Sector Defense
Buyer(s) Vertex
Sellers(s) RTX
Deal Type Divestiture

Target

Raytheon Technologies - Defense Training & Mission Critical Solutions Business Lines

Waltham, Connecticut, United States
Raytheon Technologies' Defense Training & Mission Critical Solutions Business Lines is a provider of training and sustainment services and products to the defense and commercial aerospace industries.

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Buyer(S) 1

Buyer

Vertex

Madison, Mississippi, United States

Category Company
Sector Aerospace
Employees6,000
Revenue 905M USD (2019)
DESCRIPTION

Vertex delivers integrated turnkey lifecycle support from concept definition to engineering and manufacturing, through the end of life support of complex systems and platforms, Vertex offerings include all levels of aviation maintenance, worldwide contractor logistics support, systems engineering and integration, specialized onsite mission execution, high consequence training programs for defense and commercial customers, and integrated supply-chain solutions. Vertex is based in Madison, Mississippi.


DEAL STATS #
Overall 1 of 1
Sector (Defense) 1 of 1
Type (Divestiture) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

RTX

Arlington, Virginia, United States

Category Company
Founded 1934
Sector Diversified
Employees185,000
Revenue 68.9B USD (2023)
DESCRIPTION

RTX is a diversified producer of high technology products and services to the building systems and aerospace industries worldwide. The Company's business segments include Pratt & Whitney, UTC Aerospace Systems, and Raytheon which serve commercial and government customers in both the original equipment and aftermarket parts and services markets of the aerospace industry. Pratt & Whitney also provides products to certain industrial markets. Raytheon provides state-of-the-art electronics, mission systems integration, C5I products and services, sensing, effects and mission support for customers in more than 80 countries. RTX was founded in 1934 and is based in Arlington, Virginia.


DEAL STATS #
Overall 18 of 18
Sector (Defense) 1 of 1
Type (Divestiture) 16 of 16
State (Connecticut) 6 of 6
Country (United States) 16 of 16
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Blue Canyon Technologies

Boulder, Colorado, United States

Blue Canyon Technologies, Inc. is a vertically integrated spacecraft manufacturer supporting nearly 40 unique missions with over 70 spacecraft. Blue Canyon Technologies was founded in 2008 and is based in Boulder, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 SEAKR

Centennial, Colorado, United States

SEAKR is a supplier of advanced, state-of-the-art, spacecraft electronics specializing in designing and manufacturing highly customized systems including Digital Channelizer/Beamformers, Modems, Software-Defined Radios, High-Performance Payload Processors, Modular Command and Data Handling Systems, Solid State Recorders and Mod-Mesh ®-a Space VPX architecture. SEAKR was founded in 1981 and is based in Centennial, Colorado.

Buy -