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MDA Space to buy Blue Canyon Technologies to gain foothold in U.S. market

Canadian firm MDA Space signed a definitive agreement on June 19, 2026, to buy Blue Canyon Technologies from RTX for $620 million in cash. The deal provides MDA Space with a manufacturing base in Denver and increased access to the U.S. government and defense markets. The acquisition is expected to close by the end of 2026.

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What changed

The purchase price is confirmed at $620 million and the deal includes two Denver facilities.

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  1. MDA Space to Acquire Blue Canyon Technologies for $620 Million

    Canadian firm MDA Space signed a definitive agreement on June 19, 2026, to buy Blue Canyon Technologies from RTX for $620 million in cash. The deal provides MDA Space with a manufacturing base in Denver and increased access to the U.S. government and defense markets. The acquisition is expected to close by the end of 2026.

    What's confirmed:

    • MDA Space announced on June 19, 2026, that it will buy Blue Canyon Technologies from RTX in an all-cash deal for $620 million.
    • The acquisition provides MDA Space with two manufacturing facilities in the Denver area.
    • The transaction is expected to close by the end of 2026, pending regulatory approvals.
    • Blue Canyon Technologies is a smallsat manufacturer.

    Still unconfirmed:

    • Blue Canyon Technologies has a $3.5 billion defense pipeline.
    • Blue Canyon has supported more than 85 spacecraft launches and has over 3,500 products on orbit.
    • The acquisition adds a business with over 400 employees.
    confidence 95%

  2. MDA Space to Acquire Blue Canyon Technologies for $620 Million

    Canadian firm MDA Space has signed a definitive agreement to buy Blue Canyon Technologies from RTX. The all-cash deal aims to establish a U.S. manufacturing footprint and increase access to the American defense and government markets. The acquisition is expected to be accretive to 2027 earnings.

    What's confirmed:

    • MDA Space signed a definitive agreement to acquire US-based Blue Canyon Technologies LLC.
    • The acquisition price is $620 million in an all-cash deal.
    • Blue Canyon Technologies is being acquired from RTX and its Raytheon business.
    • The purchase is intended to provide MDA Space with greater access to the U.S. government and defense markets.
    • The transaction is expected to be accretive to 2027 earnings.
    • Blue Canyon Technologies is a smallsat manufacturer.

    Still unconfirmed:

    • The acquisition cost was $874 million.
    confidence 100%