Commercial News

MDA Space expands U.S. defense footprint with Blue Canyon Technologies acquisition

MDA Space will acquire Blue Canyon Technologies from RTX for $620 million in an all-cash deal, expanding its access to the U.S. government defense market; closing is subject to regulatory approvals including CFIUS; BCT employs 400+ people in Colorado and is projected to generate about $160 million in revenue in 2026 and is cash-flow positive; executives say the deal gives MDA Space an established U.S. presence, a path to classified work, and potential product synergies with its spacecraft, aligning with its strategy of growth through acquisitions (including last year’s SatixFy purchase) to strengthen U.S./European footprint.