MDA Space Ltd. reported Q2 2026 revenues of $498.6 million CAD, up 33.6% year-over-year, driven by higher work volumes across Satellite Systems, Robotics & Space Operations, and Geointelligence. Net income was $27.9 million CAD, with diluted EPS of $0.20. The company announced a definitive agreement to acquire Blue Canyon Technologies LLC for US$620 million, expected to close by end of 2026. Subsequent to quarter-end, MDA Space completed a bought-deal equity offering of 23 million shares at US$35.60 per share, raising approximately US$819 million, and issued $600 million in 6.50% senior unsecured notes due 2033. Proceeds from both transactions are intended to fund the Blue Canyon acquisition and a proposed ~70% stake purchase in CLS for €567 million. MDA Space operates in the space technology industry, providing satellite systems, robotics, and geointelligence solutions.
