MDA Space, headquartered in Brampton, Ontario, Canada, is a global space technology company and a trusted mission partner to the global space industry. As a robotics, satellite systems, and geointelligence pioneer, MDA Space specializes in communication satellites, Earth and space observation, and space exploration and infrastructure. They are known for developing the Canadarm series and contribute to missions with partners like NASA and the Canadian Space Agency (CSA). MDA Space's activities span space robotics, satellite systems, and geointelligence.
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Mitsubishi Electric Corporation selected MDA Space to build the next-generation GEO satellites series for the Japan Ministry of Defense.
MDA Space says its investments in the MDA CHORUS platform will provide Canada with a new generation of domestically developed radar capabilities.
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 acquisition gives MDA Space direct entry into US government defense space with domestically based manufacturing.
MDA Space expects the transaction to result in 2026 pro forma leverage within its stated target range of 1.5x to 2.5x net debt to last twelve months adjusted EBITDA.
Blue Canyon Technologies’ spacecraft buses and satellite components serve a customer base that is complementary to MDA Space’s primarily Canadian customer base.
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.
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.
MDA Space Ltd. has signed a definitive agreement to acquire Blue Canyon Technologies LLC from RTX’s Raytheon business for $620 million in an all-cash transaction.
The Blue Canyon Technologies transaction adds a $3.5 billion pipeline of potential business to MDA Space.
The Blue Canyon Technologies transaction adds a profitable and cash-generating asset to MDA Space’s portfolio.
MDA Space acquired Colorado-based Blue Canyon Technologies from RTX Corporation in an all-cash deal valued at US$620 million.
The Blue Canyon Technologies acquisition gives MDA Space in-house vertical integration for precision guidance, navigation, and control systems.
MDA Space CEO Mike Greenley urged the government to mandate domestic procurement and classify space as dual-use critical infrastructure.
The Blue Canyon Technologies acquisition adds US$3.5 billion to MDA Space’s total pipeline.
MDA Space can more rapidly configure its Aurora and Midnight satellite platforms for specific military missions after acquiring Blue Canyon Technologies.
49North, a wholly owned subsidiary of MDA Space, secured a $3.7 million contract from General Atomics Aeronautical Systems to build a secure data-sharing system for Canada’s MQ-9B SkyGuardian military drones.
MDA Space’s 2026E capital expenditures are projected at $225 million to $275 million CAD.