{"id":95435,"date":"2026-06-19T13:51:18","date_gmt":"2026-06-19T13:51:18","guid":{"rendered":"https:\/\/www.europesays.com\/canada\/95435\/"},"modified":"2026-06-19T13:51:18","modified_gmt":"2026-06-19T13:51:18","slug":"canadas-mda-space-to-buy-blue-canyon-in-620-million-deal-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/canada\/95435\/","title":{"rendered":"Canada&#8217;s MDA Space to buy Blue Canyon in $620 million deal"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">June 19 (Reuters) &#8211; Canadian space technology firm MDA Space said on Friday it would \u200cbuy U.S.-based Blue Canyon Technologies from \u200cRTX&#8217;s Raytheon business for $620 million in cash, expanding its \u200bfootprint in the U.S. defense space market.<\/p>\n<p class=\"yf-1fy9kyt\">The acquisition comes as governments increase spending on defense and space programs, providing opportunities for suppliers of \u200csatellites, spacecraft and \u2060related technologies.<\/p>\n<p class=\"yf-1fy9kyt\">It also follows the Nasdaq debut of SpaceX last week, with \u2060the firm raising $75 billion in its IPO.<\/p>\n<p class=\"yf-1fy9kyt\">MDA Space said the acquisition would bring Blue Canyon&#8217;s \u200bspacecraft manufacturing \u200bcapabilities, two facilities in \u200bDenver, Colorado and \u200cmore than 400 employees.<\/p>\n<p class=\"yf-1fy9kyt\">The deal is expected to close by the end of 2026, subject to regulatory approvals and customary closing conditions.<\/p>\n<p class=\"yf-1fy9kyt\">Founded in 2008, Colorado-based Blue Canyon designs and builds small \u200csatellites, spacecraft buses and \u200bmission systems for commercial, civil, \u200bdefense customers. \u200bIt was acquired by RTX in \u200c2020.<\/p>\n<p class=\"yf-1fy9kyt\">The business would add about $3.5 \u200bbillion to \u200bMDA Space&#8217;s opportunity pipeline and is expected to be accretive to adjusted EBITDA and \u200badjusted earnings \u200cper share in 2027, the Canadian firm \u200bsaid.<\/p>\n<p class=\"yf-1fy9kyt\">(Reporting by Prakhar Srivastava in Bengaluru; \u200bEditing by Janane Venkatraman)<\/p>\n","protected":false},"excerpt":{"rendered":"June 19 (Reuters) &#8211; Canadian space technology firm MDA Space said on Friday it would \u200cbuy U.S.-based Blue&hellip;\n","protected":false},"author":2,"featured_media":95436,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[35447,35446,17,2239],"class_list":["post-95435","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-blue-canyon","tag-blue-canyon-technologies","tag-canada","tag-mda-space"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/95435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=95435"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/95435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/95436"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=95435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=95435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=95435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}