Blue Canyon Technologies promotes one of the co-founders as a new CEO

Blue Canyon Technologies promotes one of the co-founders as a new CEO

Blue Canyon Technologies promotes one of its co-founders to chief executive in order to lead the next stage of expansion of the Raytheon-owned smallsat producer.

Blue Canyon declares on June 8 that Stephen Steg will take over as chief executive. He was previously the chief technical officer of the firm ever since its 2008 founding. He succeeds George Stafford, who will continue with the firm in a consultative capacity.

Blue Canyon is a prominent producer of CubeSats and other small satellites for business and government clients.

Raytheon Technologies acquires the firm in December 2020 and functions it as a totally owned subsidiary. This is within its –
  • Raytheon Intelligence
  • Space business unit

Colorado-based Blue Canyon is one of the businesses participating in DARPA’s Blackjack program in order to examine the utility of smallsat constellations. The business won an order for 4 deals in June 2020. DARPA exercises an option in February for 6 more. The firm also won an agreement from the University of Illinois on May 12. This is in order to construct two six-unit CubeSats for a space science operation funded by the National Science Foundation.

“Blue Canyon is ready for development and marketplace opportunity in the small-satellite systems segment of the modern space economy,” says Steg said. “I look ahead to guide Blue Canyon into its next stage as a market leader through these competitive times for the business.”

Steg’s position as CEO is an element of a sequence of senior management alterations at the firm.

  • Matthew Beckner – Chief operating officer is moving into a new senior advisory place for constant improvement.
  • Steve Schneider – Executive director of production, analysis, and components, will take over as chief operating officer.
  • Matt Baumgart – Formerly executive director for research and development, will achieve Steg as a chief technical officer.
  • Matt Magaña, chosen as president of Blue Canyon Technologies in December following Raytheon acquired the company. This is also an element of its senior management team.

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