What this page shows
The Blue Canyon purchase agreement links two easily missed provisions. Section 3.13(d) says the DDTC allegations did not arise from the acquired business's activities. Section 5.24 nevertheless assigns consent-agreement responsibilities to the buyer group, subject to written exceptions or waivers.
The underlying 2024 State Department agreement explains the connection: paragraph 5 extends responsibilities when covered ITAR businesses change hands, unless an exception is approved. RTX settled without admitting or denying the allegations.
The purchase agreement requires efforts to obtain a waiver, but expressly makes obtaining one before closing unnecessary. Compliance responsibility and responsibility for the original conduct are different questions.
Recorded evidence
Limitations & review notes
- Research draft. Conclusions may change; review the sources and limitations before relying on them.
- This describes signed terms, not confirmed closing, waiver status, or wrongdoing by Blue Canyon or MDA.
- The seller's representation is not an independent adjudication. Exceptions and the consent agreement's duration matter.
- New to Discover; not claimed to be the first public report. Both documents are SEC-hosted.
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