MDA Space to Acquire Blue Canyon Technologies for $620 Million
Canadian space technology firm MDA Space announced it will acquire U.S.-based Blue Canyon Technologies from Raytheon (RTX) in a $620 million cash deal. The acquisition is expected to expand MDA's presence in the defense and space markets, adding over 400 employees and two facilities in Denver. It also adds approximately $3.5 billion to MDA’s opportunity pipeline.
Tickers: $RTX
Topics: Corporate Expansion Defense Industry Space Technology