MDA Space (MDA.TO) Acquires Blue Canyon Technologies from RTX's Raytheon for $620 Million Cash

MDA Space (MDA.TO) announced on June 19, 2026, its agreement to acquire Blue Canyon Technologies from RTX Corporation's (RTX) Raytheon unit for $620 million in cash. The acquisition aims to expand MDA Space's satellite product portfolio and strengthen its market presence in the United States. Blue Canyon Technologies specializes in small satellite systems, components, and mission services. The transaction is subject to regulatory approvals and customary closing conditions.