Canada's MDA Space to buy Blue Canyon in $620m deal
June 20, 2026 00:00:00
Canadian space technology firm MDA Space said on Friday it would buy US-based Blue Canyon Technologies from RTX's Raytheon business for $620 million in cash, expanding its footprint in the US defense space market, reports Reuters.
The acquisition comes as governments increase spending on defense and space programs, providing opportunities for suppliers of satellites, spacecraft and related technologies.
