#aerospace

MDA Space (MDA.TO) agreed to buy Blue Canyon Technologies from RTX Raytheon for $620M in cash. Yahoo Finance carried the Reuters report on June 19; MDA shares were quoted 6.29% higher after the announcement.

Boeing $BA reported a $0.20 adjusted Q1 loss, narrower than the $0.83 loss expected by LSEG, while revenue rose 14% to $22.22B and beat the $21.78B estimate.

Cohere and Saab have signed an MOU aimed at bringing advanced AI into GlobalEye and other secure aerospace workflows. The initial scope includes data-driven mission support, maintenance tools, and on-premises information processing in secure environments.