Blue Canyon Technologies (BCT), now a part of RTX, is a vertically-integrated spacecraft manufacturer specializing in small satellites and spacecraft systems. They provide turnkey solutions, CubeSats, microsats, components, and subsystems like attitude determination and control systems (ADCS). BCT supports various missions for customers like the U.S. Air Force, NASA, and the Defense Advanced Research Projects Agency, and is known for its cost-efficient, high-performance solutions. Key products include spacecraft buses, star trackers, and reaction wheels.
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PolSIR includes two 16U CubeSats built by Blue Canyon Technologies.
Blue Canyon Technologies has more than 3,500 products on orbit.
MDA Space expects the Blue Canyon Technologies acquisition to close by the end of 2026, pending customary closing conditions and required regulatory approvals.
MDA Space has signed a definitive agreement to acquire Blue Canyon Technologies from RTX’s Raytheon business for $620 million in an all-cash transaction.
Blue Canyon Technologies employs more than 400 people across two manufacturing facilities in Denver, Colorado.
Blue Canyon Technologies has launched more than 85 spacecraft.
The MDA Space acquisition of Blue Canyon Technologies is expected to close by the end of 2026, subject to customary closing conditions and required regulatory approvals.
The purchase price for Blue Canyon Technologies is subject to adjustment and represents an enterprise value of approximately 874 million Canadian dollars at current exchange rates.
Blue Canyon Technologies employs more than 400 people across two manufacturing facilities in Denver.
Blue Canyon Technologies has more than 3,500 products on orbit.
Blue Canyon Technologies has more than 85 spacecraft launched and more than 3,500 products on orbit.
Blue Canyon Technologies’ spacecraft buses and satellite components serve a customer base that is complementary to MDA Space’s primarily Canadian customer base.
Blue Canyon Technologies has an 18-year operating history with a product portfolio spanning missions across the space economy and a stated focus on US government defense applications.
Blue Canyon Technologies has more than 85 spacecraft launched.
The Blue Canyon Technologies transaction extends MDA Space’s addressable market into US defense space.
MDA Space expects the acquisition of Blue Canyon Technologies to close by the end of 2026, subject to customary closing conditions and regulatory approvals.
MDA Space expects the Blue Canyon Technologies transaction to be accretive to Adjusted EBITDA and Adjusted EPS in 2027.
Blue Canyon Technologies has a product portfolio spanning a range of missions across the space economy with a stated focus on US government defense applications.
Blue Canyon Technologies has an opportunity pipeline of approximately $3.5 billion.
MDA Space expects the Blue Canyon Technologies deal to result in 2026 pro forma leverage within its target range of 1.5x to 2.5x net debt to last twelve months adjusted EBITDA.