MDA Space to Acquire Blue Canyon Technologies for $620 Million

The transaction, valued at approximately C$874 million, is expected to close by the end of 2026, pending regulatory approvals. By absorbing Blue Canyon Technologies, MDA Space gains over 400 specialized employees and two key manufacturing facilities located in the Denver aerospace hub. The deal is structured to be accretive to the company’s adjusted EBITDA and earnings per share by 2027.

Blue Canyon Technologies brings a robust flight heritage to the partnership, having launched more than 85 spacecraft with over 3,500 products currently in orbit since its founding in 2008. Mike Greenley, CEO of MDA Space, noted that the move is designed to accelerate growth by leveraging local manufacturing expertise and a broader customer set. The company intends to finance the purchase through senior secured debt, maintaining a projected pro forma leverage ratio between 1.5x and 2.5x net debt to adjusted EBITDA by the end of 2026.