Goldman Sachs (NYSE: GS) Initiates Coverage on MDA Space (OTC: MDALF) Amid Strategic Acquisition

• Investment firm Goldman Sachs (NYSE: GS) initiated coverage on MDA Space (OTC: MDALF) with a Neutral rating, noting the stock price at $33.66.
• MDA Space (OTC: MDALF) is set to acquire Blue Canyon Technologies (BCT) from RTX (NYSE: RTX) for approximately US$620 million, aiming to expand its total addressable market and strengthen its presence in the US government and defence space sector.
• The acquisition is projected to be accretive to MDA Space's Adjusted EBITDA and Adjusted EPS by 2027, and is expected to add approximately US$3.50 billion to its project pipeline.

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.