MDA Space Acquires Blue Canyon Technologies for $620M to Enter US Defense Market
MDA Space has acquired Blue Canyon Technologies from RTX Corp in a $620 million deal, aiming to access the U.S. defense market worth an estimated $3.5 billion. The company also secured a C$688 million contract with the Canadian Space Agency, which replenishes nearly 19% of its backlog and supports revenue visibility through the decade.
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