Canadian space technology firm MDA Space said on Friday it would buy U.S.-based Blue Canyon Technologies from RTX’s Raytheon business for $620 million in cash, expanding its footprint in the U.S. defense space market.
The acquisition comes as governments increase spending on defense and space programs, providing opportunities for suppliers of satellites, spacecraft and related technologies.
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MDA Space said the acquisition would bring Blue Canyon’s … [694 chars]
Source: Reuters | Published: 2026-06-19T11:36:42Z
Credit: Reuters
