MDA Space announces definitive agreement to acquire US-based Blue Canyon Technologies LLC
MDA Space signed a definitive agreement to acquire Blue Canyon Technologies LLC for US$620 million in an all-cash transaction. The deal is fully financed at signing through senior secured debt and is expected to close by the end of 2026. Blue Canyon, currently part of RTX's Raytheon business, is a profitable spacecraft and satellite component manufacturer with 400 employees and two facilities in Denver. The acquisition adds US$3.5 billion to MDA's opportunity pipeline and is expected to be accretive to Adjusted EBITDA and Adjusted EPS in 2027.
Key figures
- Deal Value Usd
- 620000000
- Target employees
- 400
- Target founding year
- 2008
- Pipeline addition cad
- 4900000000
- Pipeline addition usd
- 3500000000
- Target launch heritage
- 85
- Pro forma leverage range
- 1.5x to 2.5x net debt to LTM adj EBITDA
- Target products on orbit
- 3500
AI analysis
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