MDA Space, headquartered in Brampton, Ontario, Canada, is a global space technology company and a trusted mission partner to the global space industry. As a robotics, satellite systems, and geointelligence pioneer, MDA Space specializes in communication satellites, Earth and space observation, and space exploration and infrastructure. They are known for developing the Canadarm series and contribute to missions with partners like NASA and the Canadian Space Agency (CSA). MDA Space's activities span space robotics, satellite systems, and geointelligence.
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MDA Space’s replenishment satellite will be based on the fourth-generation CHORUS bus.
The new MDA Space satellite will be assembled in Montreal.
MDA Space and Telesat said their South Korean partnerships for the K-LEO sovereign defence constellation are advancing independently of the submarine procurement.
The Canadian Space Agency awarded MDA Space a $688 million contract to build and launch a synthetic aperture radar replenishment satellite.
The new MDA Space satellite will integrate with the RADARSAT Constellation Mission.
MDA Space has reached an agreement to acquire Blue Canyon Technologies.
MDA Space and CLS expect to finalize the acquisition by the end of 2026 or early 2027.
MDA Space expects to close the CLS acquisition in late 2026 or early 2027.
MDA Space expects its pro forma leverage to remain within a target range of 1.5x to 2.5x net debt to LTM adjusted EBITDA after closing the CLS and Blue Canyon Technologies transactions.
MDA Space increased its bought deal offering to 23 million common shares priced at US$35.60 each on July 9, generating approximately US$819 million in gross proceeds.
MDA Space has fully committed financing for the CLS acquisition.
A syndicate of underwriters led by BMO Capital Markets and RBC Capital Markets managed MDA Space’s stock offering.
MDA Space’s Earth observation data pipeline includes sensors in low-Earth orbit such as RADARSAT-2 and the upcoming CHORUS constellation.
MDA Space previously purchased satellite component manufacturer Blue Canyon Technologies for US$620 million.
MDA Space will buy a 70% majority interest in CLS for €567 million.
MDA Space expects pro forma leverage to remain within a target range of 1.5x to 2.5x net debt to LTM Adjusted EBITDA after closing the CLS and Blue Canyon Technologies transactions.
MDA Space is acquiring Collecte Localisation Satellites (CLS).
MDA Space’s acquisition of CLS integrates upstream Earth observation data collection with downstream artificial intelligence capabilities and CLS proprietary algorithms.
MDA Space expects integrating CLS to double its recurring revenue stream.
MDA Space will pay 100% cash for the CLS acquisition.