Jun. 19 at 12:43 PM
$RTX $MDA Canadian space technology company MDA Space (MDA) said on Friday it had agreed to acquire U.S.-based Blue Canyon Technologies from RTX's Raytheon (RTX) business in an all-cash deal valued at
$620 million.
Blue Canyon Technologies designs and manufactures spacecraft, satellite components, and mission systems. Founded in 2008, the company has launched more than 85 spacecraft and has over 3,500 products currently operating in orbit.