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MDA Space Ltd. is acquiring Colorado-based Blue Canyon Technologies Inc. for $874 million in cash to gain a U.S. manufacturing footprint and security clearance. The deal, expected to close by year-end, will allow MDA to bid on classified U.S. defence contracts and boost its global pipeline to nearly US$45 billion.
MDA Space will acquire Blue Canyon Technologies, the small satellite maker owned by RTX Raytheon, for $620 million USD in an all-cash deal. The acquisition adds over 400 employees and two Colorado manufacturing facilities. MDA expects the deal to close later this year.
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