MDA Space to Acquire Blue Canyon Technologies from RTX for $620 Million
MDA Space announced an all-cash $620 million acquisition of Blue Canyon Technologies, a U.S. spacecraft and satellite component manufacturer, from RTX.
Space announced a $620 million all-cash acquisition of Blue Canyon Technologies LLC, a U.S.-based spacecraft and satellite component manufacturer currently owned by . The transaction, valued at C$874 million in Canadian dollars, represents a significant expansion of 's capabilities in the satellite and space infrastructure sector.
Blue Canyon Technologies manufactures spacecraft and satellite components, providing Space with additional manufacturing capacity and technical expertise in a market experiencing strong demand from both commercial and defense customers. , the aerospace and defense conglomerate formerly known as Raytheon Technologies, is divesting the business as part of ongoing portfolio optimization.
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