Canada's MDA Space is buying a Raytheon satellite unit for $620 million

Canada's MDA Space is buying a Raytheon satellite unit for $620 million

The all-cash deal gives the Canadian firm a U.S. manufacturing footprint and a path to bid on classified defense contracts

MDA Space (TSX: MDA) Acquires Blue Canyon Technologies For $874 Million To Break Into U.S. Defense Market

MDA Space Ltd. (TSX: MDA) has agreed to acquire Colorado-based Blue Canyon Technologies Inc. for $874 million in an all-cash transaction aimed at securing American defense and civil space contracts. The Brampton, Ontario-based satellite maker is purchasing Blue Canyon from Virginia-based defense and aerospace giant RTX Corp., formerly known as Raytheon Technologies Corp. The deal is expected to close by year-end, giving MDA a direct operational …

MDA Space to Acquire Blue Canyon from Raytheon to Reach US Defense Market

MDA Space is acquiring spacecraft manufacturer Blue Canyon Technologies from Raytheon [RTX] to give the company a direct position in the U.S. defense market. The acquisition will give the Canadian space company a “strategic […]

MDA expands U.S. defense space business with acquisition

TORONTO, Canada: Canadian space technology company MDA Space is expanding its presence in the U.S. defense and satellite market through a US$620 million acquisition of Blue Canyon Technologies from RTX's Raytheon business. The all-cash deal, announced June 19, comes as governments around the world increase spending on defense and space programs, creating new opportunities for

MDA Space to Acquire Blue Canyon Technologies for $620M

MDA Space will acquire Blue Canyon Technologies from RTX business Raytheon The acquisition is an all-cash transaction valued at $620 million The deal is intended to strengthen MDA Space’s manufacturing capacity and footprint in the U.S. aerospace market MDA Space has agreed to acquire Blue Canyon Technologies, or BCT, from Raytheon, an RTX business, in an all-cash