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Business/Financial

MDA Space to Acquire Blue Canyon from Raytheon to Reach US Defense Market

By Rachel Jewett

Monday, June 22nd, 2026

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MDA Space to Acquire Blue Canyon from Raytheon to Reach US Defense Market

Pictured is an RTX design of rendering of Blue Canyon Technologies’ Saturn-class bus for Blackjack.

MDA Space is acquiring spacecraft manufacturer Blue Canyon Technologies from Raytheon [RTX] to give the company a direct position in the U.S. defense market. The acquisition will give the Canadian space company a “strategic foothold” in the U.S. defense market, CEO Mike Greenley told investors on Friday. MDA Space announced the $620 million, all-cash transaction on June 19. The deal is subject to regulatory approval and is expected to close by the end of 2026. Raytheon acquired the Denver-based satellite manufacturer in 2020. BCT has…

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