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RTX completes milestones on DARPA Blackjack Program with four Blue Canyon Technologies satellites

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RTX's subsidiary, Blue Canyon Technologies, has achieved critical milestones in connecting satellites in low-Earth orbit to support the Defense Advanced Research Projects Agency (DARPA) Blackjack program. This program aims to establish an effective network in low-Earth orbit using a constellation of four connected satellites, potentially replacing traditional large systems in geosynchronous orbit. The successful operation signifies a significant achievement for BCT and paves the way for global high-speed networks in LEO orbit.
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The completion of critical milestones for the DARPA Blackjack program by RTX's Blue Canyon Technologies (BCT) represents a significant stride in defense technology, particularly in the domain of satellite communication and national security. The shift from traditional geosynchronous orbits to a low-Earth orbit (LEO) constellation could offer numerous benefits, including reduced latency in communication and increased frequency of overhead passes, which is vital for real-time intelligence and surveillance.

From a defense technology perspective, the successful commissioning of these satellites could enhance U.S. warfighting capabilities by ensuring more resilient and responsive space assets. This is particularly important given the increasing reliance on space-based assets for national security operations and the growing threats to space infrastructure from potential adversaries.

The aerospace industry is witnessing a paradigm shift with the commoditization of small satellite buses and the proliferation of LEO constellations. This trend is driven by the demand for high-speed global networks and the need for cost-effective solutions in space operations. BCT's achievement underscores the company's competitive position in the small-satellite manufacturing market and could signal future growth opportunities for RTX in this sector.

Investors should note the potential for increased contracts and partnerships as governments and private entities seek to leverage these technological advancements. Additionally, the successful operation of the Blackjack program could serve as a proof of concept, encouraging further investment in LEO technologies and potentially disrupting the traditional geosynchronous satellite market.

The implications of BCT's milestone for the broader market are multifaceted. On one hand, there is the potential for RTX to secure a stronger foothold in the defense space sector, which could lead to increased market share and influence. On the other hand, the success of the Blackjack program may catalyze a market shift towards LEO satellite constellations, impacting suppliers, competitors and related industries.

Stakeholders should monitor RTX's stock performance closely, as this development could attract investor interest and possibly affect RTX's valuation. The long-term impact will likely depend on the subsequent phases of the Blackjack program and the company's ability to capitalize on the growing demand for LEO satellite capabilities.

Connected satellites in low-Earth orbit to support national security

LAFAYETTE, Colo., Jan. 30, 2024 /PRNewswire/ -- RTX's (NYSE: RTX) small-satellite manufacturer and mission services provider, Blue Canyon Technologies (BCT), announced today the satellites supporting the Defense Advanced Research Projects Agency (DARPA) Blackjack program have completed critical milestones activities.

National security space assets, critical to U.S. warfighting capabilities, traditionally reside in a geosynchronous orbit to deliver persistent overhead access to any point on the globe. To potentially replace these large systems, the Blackjack program seeks to establish an equally effective network in low-Earth orbit using a constellation of four connected satellites.

"The Blackjack program is a perfect example of how RTX and Blue Canyon Technologies are working to solve the hardest problems in aerospace and defense," said Chris Winslett, general manager for Blue Canyon Technologies.

The successful operation marks a significant achievement for BCT in the swift commissioning of multiple spacecraft. This paves the way for global high-speed networks in LEO orbit and a continued growth of commoditized small satellite buses for LEO constellations and beyond.

About Blue Canyon Technologies
Blue Canyon Technologies (BCT), RTX's small satellite manufacturer and mission services provider, offers a diverse portfolio of innovative, reliable, and affordable spacecraft and components that enable a broad range of missions and technological advancements for the new space economy. The company currently supports numerous unique missions with over 100 cumulative spacecraft orders.

About RTX

RTX is the world's largest aerospace and defense company. With more than 185,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering integrated defense systems for operational success, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2023 sales of $68.9 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact corporatepr@rtx.com

 

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SOURCE RTX

FAQ

What is the name of RTX's subsidiary involved in connecting satellites in low-Earth orbit?

RTX's subsidiary involved in connecting satellites in low-Earth orbit is Blue Canyon Technologies (BCT).

What is the purpose of the DARPA Blackjack program?

The DARPA Blackjack program aims to establish an effective network in low-Earth orbit using a constellation of four connected satellites, potentially replacing traditional large systems in geosynchronous orbit.

What does the successful operation of BCT signify?

The successful operation signifies a significant achievement for BCT and paves the way for global high-speed networks in LEO orbit.

What is the ticker symbol for RTX?

The ticker symbol for RTX is NYSE: RTX.

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