Deal Details
Blue Canyon Has Agreed To Be Acquired by MDA Space
Summary
Blue Canyon Technologies LLC ("Blue Canyon," "BCT," or the "Company"), a wholly owned subsidiary of RTX’s Raytheon business, is to be acquired by MDA Space Ltd. ("MDA Space") (TSX: MDA; NYSE: MDA) in an all-cash transaction valued at US$620 million. The transaction is subject to various regulatory approvals and customary closing conditions and is expected to close by the end of 2026.
Baird acted as exclusive financial advisor to RTX and Blue Canyon on this transaction.
About
BCT offers flight-proven, high precision products enabling customers to perform the most challenging missions. Its product portfolio spans advanced mechanisms and components, Guidance, Navigation, and Control (GN&C) subsystems, precision sensors, avionics subsystems, and power subsystems, as well as full spacecraft platforms. Founded in 2008 and based in the key Denver space hub, BCT has built an 18-year flight heritage spanning more than 85 spacecraft launched and 3,500+ products on-orbit, establishing itself as a trusted merchant supplier across defense, commercial, and scientific missions. The Company employs more than 400 highly skilled professionals across two manufacturing facilities. Blue Canyon is headquartered in Lafayette, Colorado.MDA Space’s acquisition of BCT illustrates the following key themes: (1) prioritization of high precision, space-based capabilities to support national security space; (2) proven technology with deep flight heritage enabling next-generation missions; and (3) dual-use technology serving both domestic and international commercial and national security space markets.
Raytheon, an RTX business, is a leading provider of defense solutions to help the U.S. government, our allies, and partners defend their national sovereignty and ensure their security. For more than 100 years, Raytheon has developed new technologies and enhanced existing capabilities in integrated air and missile defense, smart weapons, missiles, advanced sensors, and radars, interceptors, space-based systems, hypersonics, and missile defense across land, air, sea, and space. Raython is headquartered in Arlington, Virginia.
Building the space between proven and possible, MDA Space is a trusted mission partner to the global defence and space industry. A robotics, satellite systems, and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The global MDA Space team of more than 4,000 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission – bringing to bear a one-of-a-kind mix of experience, engineering excellence, and wide-eyed wonder that’s been in their DNA since day one. For those who dream big and push boundaries on the ground and in the stars to change the world for the better, MDA Space will take you there. MDA Space is headquartered in Brampton, Ontario, Canada.
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- Date
- June 2026
- Company
- Blue Canyon Technologies
- Transaction
- M&A - Sellside
- Sectors
- Industrial
- Verticals
-
Defense, Space & Government
- Target Geography
- North America
- Acquiror Geography
- North America
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