MDA Space to buy Raytheon’s satellite maker for $620 million USD

MDA Space will buy Blue Canyon Technologies , the small satellite manufacturing and mission services arm of US defence contractor RTX Raytheon, for $620 million USD ($874 million CAD). The news: Brampton, Ont.-based MDA announced on Friday morning that it will acquire the satellite maker in an all-cash transaction financed by secured debt. The deal is expected to close later this year.