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MDA Space (TSX:MDA, NYSE:MDA) signed a definitive agreement to acquire 100% of US-based Blue Canyon Technologies for US$620 million in cash, subject to adjustments. BCT adds a profitable, cash-generating spacecraft and satellite component business with over 85 spacecraft launched and 3,500+ products on orbit.
The deal is fully financed with senior secured debt and expected to close by end of 2026, pending approvals. It adds about US$3.5B to MDA Space’s opportunity pipeline, expands its US defence market footprint, and is expected to be accretive to Adjusted EBITDA and Adjusted EPS in 2027.
MDA Space (TSX:MDA) (NYSE:MDA) signed a definitive all-cash agreement to acquire 100% of Blue Canyon Technologies from RTX's Raytheon business for US$620 million (about C$874 million), subject to adjustments.
The deal adds a profitable, cash-generating US spacecraft supplier with 400+ employees, two Denver facilities, and US$3.5B to MDA's opportunity pipeline. It is fully debt-financed, targeted to close by end-2026, and expected to be accretive to Adjusted EBITDA and Adjusted EPS in 2027, with 2026 pro forma leverage within a 1.5x–2.5x net debt/adjusted EBITDA range.
49North, a subsidiary of MDA Space (TSX/NYSE: MDA), received a $3.7 million CAD contract from General Atomics to design, build, integrate, and test a NATO-standard Coalition Shared Database for Canada's Guardian RPAS program.
The award expands 49North's role within the existing $74.4 million RPAS contract, supporting delivery of 11 CQ-9B Guardian aircraft to the Royal Canadian Air Force by 2028. Delivery of the CSD to GA-ASI is expected by August 2027.
MDA (TSX:MDA, NYSE:MDA) subsidiary 49North announced a renewed U.S. Air Force Global Procedure Designer contract via a new IDIQ agreement. The contract has a ceiling of up to US$43 million through June 2031, with about US$4.7 million initially funded for fiscal 2026.
The multi-year framework supports operations, help desk, and software sustainment from Richmond, British Columbia, and extends a relationship of more than 25 years. Global Procedure Designer underpins instrument flight procedure design for U.S. and allied military aviation using ICAO, FAA, and NATO criteria.
49North, a subsidiary of MDA Space (TSX: MDA) (NYSE: MDA), announced a refreshed Global Procedure Designer (GPD), its instrument flight procedure design software, updated to comply with the latest ICAO PANS-OPS, FAA TERPS, Transport Canada TP308 and NATO MIPS regulations.
The update supports continuous validation against aeronautical data, terrain and obstacles, automates complex calculations, maintains complete IFP repositories, and supports standards such as AIXM 5.1, ARINC-424 coding and digital geometry outputs for validation, flight inspection and publication.
MDA Space (TSX/NYSE: MDA) has been selected by BAE Systems to design and build antennas and control electronics for the U.S. Space Systems Command MEO EPOCH 2 missile warning and tracking constellation.
The contract, added to MDA Space's backlog in Q1 FY 2026, is expected to be completed in 2027.
MDA (TSX: MDA, NYSE: MDA) inaugurated a 185,000-square-foot high-volume satellite manufacturing facility in Montréal on May 8, 2026, doubling its manufacturing floor space and enabling simultaneous assembly, integration and test of multiple MDA AURORA satellites.
The facility was completed in under two years, includes advanced automation, augmented reality, a proprietary test chamber, and sustainability features projected to generate 78,000 kWh annually. MDA says the site supports production capacity of up to 400 satellites per year and targets constellation-scale programs.
MDA Space (TSX: MDA, NYSE: MDA) announced results of its virtual Annual General Meeting on May 7, 2026. About 82,059,296 shares (59.18%) were represented. All seven director nominees were elected. KPMG LLP was appointed auditor. An advisory vote on executive compensation passed with 94.47% for.
MDA (TSX/NYSE: MDA) reported Q1 2026 results: revenues CA$464.1M (+32% YoY), adjusted EBITDA CA$90.6M (+32%) and adjusted net income CA$50.7M (+32%). Backlog was CA$3.7B at March 31, 2026. Net cash was CA$299.3M and total liquidity CA$1.2B. Company reaffirmed 2026 guidance: revenues CA$1.7–1.9B, adjusted EBITDA CA$320–370M, and capex CA$225–275M.
MDA (TSX: MDA, NYSE: MDA) announced it has secured 9 early customer contracts and received 32 letters of interest—41 early commitments total—for MDA CHORUS™ data ahead of a late 2026 launch.
MDA CHORUS is described as a collaborative multi-sensor radar constellation offering day/night, all-weather coverage, a 700 km swath and sub-metre spotlight capability for maritime, defence, energy, mining, forestry and other EO applications.