MDA is buying the Colorado-based maker of satellites and related components from Raytheon to boost its U.S. presence and “capitalize on growing demand in the U.S. government market for defence space missions,” it said in announcing the all-cash agreement. The deal is expected to close later in 2026 and MDA said it expects Blue Canyon will immediately improve earnings and free cash flow. MDA’s share price rose about four per cent after the news. (The Logic)

Talking point: Blue Canyon has two manufacturing sites near Denver—where MDA’s former parent company, now called Vantor, is based—and will add about 400 employees to MDA’s current workforce of more than 4,000. It specializes in smaller, cheaper satellites; on a call with analysts, MDA CEO Mike Greenley praised Blue Canyon’s guidance, navigation and control technology and modular designs, but said the key to the deal is the readier access to U.S. sales: “The primary purpose is the geographic access,” he said.