🟢 MDA Space Ltd. is trading 4.3% up today after announcing $620M acquisition of Blue Canyon Technologies

MDA Space Ltd. is trading 4.3% up today at $58.00 after announcing a definitive agreement to acquire US-based Blue Canyon Technologies LLC for US$620 million in cash to expand its U.S. defense and government space market reach.

• The deal adds a profitable, cash-generating business expected to be accretive to adjusted EBITDA and EPS in 2027.
• The acquisition is fully financed with senior secured debt, with closing targeted by the end of 2026, subject to customary approvals.