On June 22, 2026, investment firm Goldman Sachs (NYSE: GS) initiated its coverage on OTC:MDALF. MDA Space (OTC: MDALF) is a Canadian company specializing in space technology, including robotics, satellite systems, and geointelligence. Goldman Sachs assigned the stock a Neutral grade, with the price recorded at $33.66 at the time of the rating.
This rating coincides with a major strategic move by MDA Space. The company has agreed to acquire Blue Canyon Technologies (BCT) in an all-cash transaction valued at approximately US$620 million. BCT, currently part of RTX (NYSE: RTX)'s Raytheon business, is a US-based manufacturer of spacecraft and satellite components.
The acquisition is intended to expand MDA Space's total addressable market, which is the total revenue opportunity available for its products. As highlighted by Proactive Investors, this deal strengthens MDA Space's position in the US government and defence space sector by providing a local manufacturing footprint and specialized talent in Colorado.
Financially, the transaction is expected to be accretive to the company's Adjusted EBITDA and Adjusted EPS by 2027. This means the deal is projected to increase the company's earnings per share. As reported by PR Newswire, MDA Space also anticipates adding approximately US$3.50 billion to its project pipeline.
The stock price of $33.66 represents a daily increase of $1.78, or 5.58%. Over the past 52 weeks, the stock has traded between a low of $15.00 and a high of $35.35. The company currently has a market capitalization, or the total value of all its shares, of about $4.26 billion.
