MDA Space issues corrected release on Blue Canyon Technologies acquisition for USD 620 million

RAYTHEON TECHNOLOGIES CORPORATION
MDA Space Ltd

RAYTHEON TECHNOLOGIES CORPORATION

RTX

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MDA Space Ltd

MDA

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  • MDA Space issued a corrected release on its agreement to buy Blue Canyon Technologies, a spacecraft and satellite component maker owned by RTX’s Raytheon.
  • Terms: all-cash purchase price and enterprise value of USD 620 million, subject to adjustments; closing targeted by end-2026, pending approvals.
  • Deal financing: fully committed at signing through senior secured debt; 2026 pro forma leverage expected within 1.5x-2.5x net debt-to-LTM adjusted EBITDA.
  • Strategic impact: adds a US manufacturing footprint in Denver; expands access to US defense space demand; adds USD 3.5 billion pipeline.
  • Financial impact: expected to be accretive to adjusted EBITDA and adjusted EPS in 2027.


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