MDA Space acquires Blue Canyon for $620M, targeting US defense market

MDA Space signed a definitive agreement to acquire Blue Canyon Technologies from RTX for $620 million in cash. The Canadian firm gains a significant manufacturing footprint in the United States through the deal. This acquisition positions MDA Space to pursue growing opportunities in the U.S. defense and space sectors.

Blue Canyon Technologies, formerly part of Raytheon, has launched more than 85 spacecraft. The transaction is expected to be accretive to MDA Space’s adjusted EBITDA and EPS by 2027. The deal adds approximately $3.5 billion to the company’s sales pipeline.