MDA Space Ltd

49NORTH AWARDS CONTRACT TO TERRASENSE ANALYTICS-LED AIRBORNE SENSING LAB IN SUPPORT OF CANADA'S CQ-9B GUARDIAN REMOTELY PILOTED AIRCRAFT SYSTEM PROJECT

MDA Space subsidiary 49North awarded a contract to the Airborne Sensing Lab consortium, led by TerraSense Analytics with UBC's STAR initiative and KF Aerospace, in support of Canada's CQ-9B Guardian RPAS project. ASL will collect electro-optical and infrared imagery of maritime vessels over the Strait of Georgia to develop automated target-classification capability for the program. The award falls under 49North's $78.2 million contract with GA-ASI; Team SkyGuardian Canada aims to deliver 11 CQ-9B Guardian aircraft to the Royal Canadian Air Force by 2028.

•10d ago

MDA SPACE ANNOUNCES END-TO-END MDA CHORUS™ PRODUCT PORTFOLIO IN ADVANCE OF CONSTELLATION LAUNCH

MDA Space unveiled its end-to-end MDA CHORUS Earth observation product portfolio at the World Space Business Week conference, ahead of the CHORUS constellation launch later this year. The portfolio spans three products: CHORUS COMMAND, a customer platform for archive search, tasking and scheduling; COMMAND PRO, which embeds a regional ground station for direct downlink and near-real-time processing; and CHORUS INTELLIGENCE, a geointelligence analytics suite covering maritime awareness, vessel detection, oil-on-water, ground deformation and energy infrastructure monitoring. The CHORUS constellation is a three-satellite system adding one X-band and one C-band spacecraft, anchored by the already-orbiting RADARSAT-2, with launch targeted for late 2026 following last month's opening of the CHORUS Control Centre in Quebec. No revenue or contract figures were disclosed; the announcement is a commercialization milestone as MDA builds out its geointelligence software stack ahead of constellation service.

•1mo ago

MDA SPACE UNVEILS MDA AURORA™ BLACK, A DEFENCE-FOCUSED SOFTWARE-DEFINED SATELLITE

MDA Space introduced MDA AURORA BLACK, a defence-focused extension of its software-defined satellite product line, purpose-built for secure communications for government and military customers. The new satellite adds a secure end-to-end connection, onboard anti-jamming, GPS-spoofing resistance, and perimeter/proximity sensing for contested environments, with high-volume production planned across MDA's direct-to-device and broadband lines. Novaspace research cited in the release points to a growing addressable market: 107 proprietary defence satellites launched globally in 2023 and more than $US40 billion in government space defence and security expenditures contracted to industry. The announcement is strategic positioning rather than booked business, as no orders, backlog, or revenue tied to the new product line were disclosed.

•1mo ago

Rocket Lab Satellite Platforms Built for MDA Space Successfully Reach Orbit, Supporting Globalstar Direct-to-Device Communications Services

Rocket Lab successfully launched eight satellite platforms built for MDA Space to replenish Globalstar's constellation, which supports direct-to-device communications and IoT services. The satellites, launched on Aug. 15 from Cape Canaveral, are the first batch of 17 in a $143 million deal and have confirmed contact and nominal performance on orbit. These 500kg 'Lightning' platforms will extend Globalstar's mobile satellite services globally as spacecraft commissioning begins.

•2mo ago

MDA SPACE SATELLITES FOR GLOBALSTAR SUCCESSFULLY LAUNCHED

MDA Space successfully launched the first set of eight replenishment satellites for Globalstar aboard a SpaceX Falcon 9 rocket from Cape Canaveral. The deployment initiates the commissioning phase for the Globalstar 2-R mission, with the remaining nine satellites currently in final stages of integration in Montreal. Once operational, the new satellites will extend the life of Globalstar's LEO constellation, which supports direct-to-device satellite services and IoT applications.

•2mo ago

MDA Space Opens MDA CHORUS™ Control Centre in Québec

MDA Space opened the MDA CHORUS Control Centre in St-Bruno-de-Montarville, Québec, marking a key milestone in operational readiness for the constellation's late 2026 launch. The CHORUS system is a dual-band synthetic aperture radar constellation designed to provide 700 km-wide imaging swaths and sub-metre resolution for commercial and government clients. Commercial operations are scheduled to commence in early 2027, with the new facility serving as the global hub for satellite mission management.

•2mo ago

MDA SPACE APPOINTS JOHN FARRELL & STEPHEN SPENGLER TO ITS BOARD OF DIRECTORS

MDA Space appointed John Farrell and Stephen Spengler to its Board of Directors, bringing decades of experience in manufacturing operations and satellite telecommunications to support the company's growth strategy. Mr. Farrell currently serves as Executive VP and COO of Magna International, overseeing global operations across 320 facilities, while Mr. Spengler is the retired CEO of Intelsat SA with extensive background in global broadband and government sectors. Chair Brendan Paddick highlighted that the new directors' combined expertise strengthens the board's ability to scale operations and deliver on long-term strategic objectives.

•2mo ago

MDA SPACE REPORTS SECOND QUARTER 2026 RESULTS

MDA Space reported Q2 2026 revenue of $498.6 million, up 33.6% year-over-year, driven by higher volumes across all business areas including Satellite Systems and Robotics. Adjusted EBITDA increased 26.2% to $96.3 million with a 19.3% margin, leading the company to raise its full-year revenue guidance to $1.8-$1.9 billion and Adjusted EBITDA to $330-$370 million. Despite the profitability growth, the company reported negative free cash flow of $(150.2) million and operating cash flow of $(93.4) million, attributed to working capital fluctuations and higher capital expenditures.

•2mo ago

MDA SPACE RESPONDS TO CANADIAN SPACE AGENCY ANNOUNCEMENT ON CANADARM3

MDA Space expressed support for the Canadian Space Agency's decision to repurpose Canadarm3 investments for the next phase of lunar exploration under the Artemis program. CEO Mike Greenley emphasized that this move leverages Canada's four-decade competitive advantage in space robotics and positions the company for a sustained human presence on the Moon. The company highlighted its history of mission-critical robotics on the Space Shuttle and International Space Station as foundational for future surface logistics.

•2mo ago

MDA SPACE AWARDED $474 MILLION TO EXPAND THE TELESAT LIGHTSPEED LEO CONSTELLATION

MDA Space secured a $474 million follow-on order from Telesat for 27 additional MDA AURORA satellites, expanding the Telesat Lightspeed LEO constellation to 225 fully funded units. The contract modification integrates 500 MHz of military Ka-band spectrum, supporting the Department of National Defence's Enhanced Satellite Communications Project-Polar (ESCP-P) for Arctic connectivity. MDA Space was also named prime contractor for a separate UHF and X-band MEO constellation, with the majority of the $474M backlog increase expected to be recognized in Q3 2026.

•2mo ago

MDA Space UK Selected by OHB to Provide Advanced Lunar Landing Sensors for European Space Agency's Argonaut Mission

MDA Space UK received a Pre-Authorisation to Proceed contract from OHB System AG to supply LEIA LiDAR sensors for the European Space Agency's Argonaut mission. The agreement covers two flight units for Europe's first independent lunar lander, enabling autonomous hazard detection during descent to support a sustained lunar presence. Engineering activities will commence immediately at the UK base, pending the execution of a full definitive agreement.

•3mo ago

MDA Space Enters into Firm Offer to Acquire Collecte Localisation Satellites (“CLS”), a Global Leader in AI-Driven Earth Observation Data Analytics

MDA Space announced a firm offer to acquire a 70% stake in CLS for C$920 million (€567 million) in cash, a move expected to double its recurring revenue and create a vertically integrated geointelligence leader. The acquisition adds over 14,000 customers across 150 countries and 1,200 employees to MDA's footprint, with CLS projected to generate C$465 million in revenue in 2026 and be immediately accretive to Adjusted EBITDA and EPS. Financing for the transaction has been committed by a syndicate of banks including BMO, RBC, and Scotiabank, with closing expected by the end of 2026 or early 2027 subject to regulatory approvals.

•3mo ago

MDA SPACE SELECTED BY MITSUBISHI ELECTRIC FOR NEXT-GENERATION DEFENCE COMMUNICATIONS SATELLITE PROGRAM

MDA Space was selected by Mitsubishi Electric to design and manufacture digital payloads, antennas, and subsystems for Japan's next-generation defence communications satellite program. The work will be executed across MDA's UK and Montréal facilities, supporting the replacement of the DSN-2 satellite in geostationary orbit. The contracts will be added to the company's backlog in the second quarter of fiscal 2026, strengthening its footprint in sovereign defence missions.

•4mo ago

CANADIAN SPACE AGENCY AND MDA SPACE CONCLUDE CONTRACT FOR REPLENISHMENT SATELLITE VALUED AT $688M

MDA Space secured a $688 million contract from the Canadian Space Agency to design, build and launch a replenishment satellite for the RADARSAT Constellation Mission. The contract will be added to the company's backlog in the second quarter of fiscal 2026 and includes provisions for launch and ground system enhancements. The new satellite leverages MDA's fourth-generation CHORUS technology and supports the government's broader RADARSAT+ portfolio, enhancing sovereign Earth observation capabilities.

•4mo ago

/C O R R E C T I O N -- MDA Space/

MDA Space signed a definitive agreement to acquire Blue Canyon Technologies LLC, a US-based spacecraft and satellite component manufacturer, for US$620 million in an all-cash transaction. The deal is fully financed through senior secured debt and is expected to be accretive to Adjusted EBITDA and Adjusted EPS in 2027, with pro forma leverage remaining within the company's target range of 1.5x to 2.5x. Blue Canyon adds US$3.5 billion to MDA's opportunity pipeline, provides a manufacturing footprint in Denver, Colorado, and positions MDA to capitalize on growing US government defense space missions.

•4mo ago

MDA Space announces definitive agreement to acquire US-based Blue Canyon Technologies LLC

MDA Space signed a definitive agreement to acquire Blue Canyon Technologies LLC for US$620 million in an all-cash transaction. The deal is fully financed at signing through senior secured debt and is expected to close by the end of 2026. Blue Canyon, currently part of RTX's Raytheon business, is a profitable spacecraft and satellite component manufacturer with 400 employees and two facilities in Denver. The acquisition adds US$3.5 billion to MDA's opportunity pipeline and is expected to be accretive to Adjusted EBITDA and Adjusted EPS in 2027. The transaction positions MDA to capitalize on growing US government defense space missions, leveraging Blue Canyon's 18-year history, 85 spacecraft launches, and 3,500+ products on orbit. Pro forma leverage is expected to remain within MDA's target range of 1.5x to 2.5x net debt to LTM adjusted EBITDA.

•4mo ago

49North Awarded $3.7M Contract from General Atomics to Deliver Coalition Shared Database for Canada's Guardian Remotely Piloted Aircraft System Program

49North, a subsidiary of MDA Space, was awarded a $3.7 million CAD contract by General Atomics to deliver a Coalition Shared Database for Canada's Guardian RPAS program. The award expands 49North's scope within the broader $74.4 million Team SkyGuardian Canada initiative, which aims to deliver 11 CQ-9B Guardian aircraft to the Royal Canadian Air Force by 2028. The system will enable real-time intelligence sharing with allied nations using NATO-standard protocols, reinforcing MDA's position as a key Canadian defence integrator.

•4mo ago

49NORTH ANNOUNCES U.S. AIR FORCE CONTRACT RENEWAL

49North, a subsidiary of MDA Space, secured a contract renewal with the U.S. Air Force for its Global Procedure Designer (GPD) platform. The new Indefinite Delivery/Indefinite Quantity (IDIQ) agreement has a ceiling value of up to $43 million through June 2031, with an initial funding obligation of $4.7 million for fiscal 2026. This renewal extends a 25+ year relationship with the U.S. Department of War, reinforcing GPD's role in global military aviation operations and providing long-term revenue visibility.

•4mo ago

MDA SPACE SELECTED BY BAE SYSTEMS FOR U.S. SPACE SYSTEMS COMMAND MEO EPOCH 2 CONSTELLATION

BAE Systems has been selected by the U.S. Space Systems Command for the MEO Epoch 2 Constellation program, a key component of the U.S. multi-orbit missile defense architecture. MDA Space was tapped by BAE Systems to design and build antennas and control electronics for the medium Earth orbit satellites, which will focus on warning and tracking advanced ballistic and hypersonic weapons. The contract was added to MDA Space's backlog in the first quarter of fiscal 2026, with work expected to be completed in 2027, reinforcing BAE's role as a prime contractor in critical national security space missions.

•4mo ago

MDA SPACE INAUGURATES HIGH-VOLUME SATELLITE MANUFACTURING FACILITY IN MONTRÉAL

MDA Space inaugurated a new 185,000-square-foot high-volume satellite manufacturing facility in Montréal, doubling the company's manufacturing floor space. The facility is equipped with advanced automation, augmented reality, and proprietary test technology, enabling the production of up to 400 satellites per year. The facility is designed to meet LEED standards, featuring a green roof, rainwater collection system, and solar panels that will generate 78,000 kWh of energy annually. MDA Space's CEO, Mike Greenley, emphasized that the new facility is a key part of the company's strategy to become a leading prime contractor for satellite constellations.

•5mo ago

MDA SPACE REPORTS FIRST QUARTER 2026 RESULTS

MDA Space reported Q1 2026 revenue of $464.1 million, up 32.2% year-over-year, with Adjusted EBITDA increasing 32.1% to $90.6 million. The company reaffirmed its full-year 2026 financial outlook, targeting revenue of $1.7 billion to $1.9 billion and Adjusted EBITDA of $320 million to $370 million. Operational highlights included the launch of the MDA MIDNIGHT space control platform and the delivery of Globalstar satellites, while a net cash position of $299.3 million strengthened the balance sheet.

•5mo ago

MDA Space Secures 41 Early Customer Contracts and Letters of Interest for MDA CHORUS™ Data

MDA Space announced it has secured nine early customer contracts and 32 letters of interest for its MDA CHORUS Earth observation data ahead of the constellation's late 2026 launch. The commitments span civil, defence, and commercial markets globally, highlighting demand for the system's all-weather, day-or-night radar imaging capabilities. CEO Mike Greenley noted the volume of early commitments reflects customer trust in MDA's products and the unique capabilities the new constellation will deliver.

•5mo ago