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06/2026100%

Blue Canyon Technologies acquired by Mda Space

UNITED STATES Aerospace, Naval & Defense EV $500M–1.5bn

Context

MDA Space has entered into a definitive agreement to acquire 100% of Blue Canyon Technologies from RTX Corporation's Raytheon business. This strategic move is expected to significantly bolster MDA Space's presence in the US government and defense space programs market, a segment considered one of the most dynamic in the global space industry. The primary strategic rationale for the transaction lies in the complementary nature of the two companies' businesses. Blue Canyon Technologies brings to MDA Space an established industrial platform in the United States, two manufacturing sites in the Denver region, and a team of over 400 space specialists. This local presence is expected to enhance the acquirer's access to sensitive defense and government contracts in the US. The acquisition also enables MDA Space to expand its technological portfolio through the integration of a comprehensive range of compact satellites, critical space components, and mission services. With a strong track record of over 85 launched satellites and more than 3,500 units currently in orbit, Blue Canyon Technologies boasts significant operational credibility with institutional clients.

Blue Canyon Technologies, which reported an EBITDA margin of [members only] in 2027, is valued in this transaction at an EV/EBITDA multiple of 15x–25x.

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Target

Blue Canyon Technologies (BCT) is a US-based company that specializes in the design, manufacture, and operation of satellite platforms, space components, and mission solutions for institutional, government, scientific, and commercial markets. Founded in 2008 and headquartered in Colorado, the company has established itself as a leading player in the small satellite and high-performance space systems segment. BCT develops a comprehensive range of technologies for space missions, including integrated satellite platforms, attitude control systems, reaction wheels, embedded computers, and various critical subsystems. Its expertise spans the entire lifecycle of a space mission, from concept and integration to post-launch operational support. With a strong reputation among US government agencies, defense contractors, and commercial operators, Blue Canyon Technologies is recognized for the reliability of its technologies and its impressive track record of successful missions. The company's solutions are utilized in a variety of applications, such as Earth observation, telecommunications, scientific research, national security, and space exploration.

Ent. Value

$500M–1.5bn

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

15x–25x

EV / EBIT

[members only]

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2027
$150–250M
$25–50M
[members only]
2026
$150–250M
$25–50M
[members only]

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REFERENCES

Valuation range: EV $500M–1.5bn

Revenue range: $150–250M

EBITDA range: $25–50M

EV/Revenue range: 2x - 6x

EV/EBITDA range: 15x - 25x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Blue Canyon Technologies by Mda Space are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: blue canyon technologies

FAQ

What transaction does this page cover?

This page covers Mda Space’s acquisition of 100% of Blue Canyon Technologies, an American company specialised in Aerospace, Naval & Defense, in 2026.

How was the acquisition of Blue Canyon Technologies by Mda Space valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the $500M–1.5bn band, its EV/EBITDA multiple within the 15x - 25x range, and its EV/revenue multiple within the 2x - 6x range. Exact figures are available to members.

What were Blue Canyon Technologies’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Blue Canyon Technologies generated annual revenue estimated in the $150–250M range and EBITDA in the $25–50M bracket (FY 2027). Detailed financial figures are available to members.

What sources support the information on this transaction?

Data on this transaction was compiled from the official corporate announcement published by the parties, combined with independent reporting from specialized financial and M&A publications.

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