MDA Space acquires Blue Canyon Technologies for $620M to expand U.S. government market access
By
Jeff Foust
Summary
MDA Space, a Canadian company, is acquiring smallsat manufacturer Blue Canyon Technologies (BCT) from RTX (parent of Raytheon) for $620 million in an all-cash deal. The acquisition, expected to close by end of 2024 pending regulatory approvals, is aimed at giving MDA Space greater access to the U.S. government market. BCT is known for its work on DARPA's Blackjack program and other defense-related satellite projects.
Source
Twitter / XMDA Space acquires Blue Canyon Technologies for $620M to expand U.S. government market accessspacenews.comKey quotes
· 3 pulledDARPA selected the Blue Canyon Technologies X-SAT Saturn bus for the Blackjack program.
MDA Space announced June 19 that it would buy BCT from RTX, parent company of Raytheon, in an all-cash deal.
The deal is expected to close by the end of the year pending regulatory approvals.
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