AcquisitionsJun 22, 2026, 06:07 AM
MDA Space to acquire Blue Canyon Technologies for US$620M
AI Summary
MDA Space Ltd. has signed a definitive agreement to acquire 100% of Blue Canyon Technologies LLC for US$620 million in an all-cash transaction. Blue Canyon Technologies is a spacecraft and satellite component manufacturer and mission services provider, currently part of RTX's Raytheon business. The acquisition is expected to accelerate MDA Space's growth strategy by expanding its US market opportunities, adding a manufacturing footprint, and is projected to be accretive to Adjusted EBITDA and Adjusted EPS in 2027. The transaction is anticipated to close by the end of 2026, subject to regulatory approvals, and is fully financed through senior secured debt.
Key Highlights
- MDA Space to acquire Blue Canyon Technologies LLC for US$620 million in an all-cash transaction.
- Acquisition expected to be accretive to Adjusted EBITDA and Adjusted EPS in 2027.
- Blue Canyon Technologies adds US$3.5 billion (approx. C$4.9 billion) to MDA Space's opportunity pipeline.
- Transaction expands MDA Space's US market opportunities and manufacturing footprint.
- BCT is a profitable, cash-generating business with 18-year history and over 400 employees.
- Closing expected by end of 2026, subject to customary conditions and regulatory approvals.
- Transaction is fully committed and financed through senior secured debt.
- Expected 2026 pro forma leverage within 1.5x to 2.5x net debt to adjusted EBITDA.
Price Impact
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