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 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.
MDA Space agreed to acquire a 70% majority stake in French Earth observation company Collecte Localisation Satellites for approximately $920 million (€567 million).
Hanwha Systems has separate partnerships with MDA Space and Telesat focused on the K-LEO constellation.
MDA Space is continuing to pursue the K-LEO constellation with South Korean partners.
The Canadian Space Agency awarded MDA Space a $688 million contract to build and launch a synthetic aperture radar replenishment satellite.
MDA Space was selected by Mitsubishi Electric to supply a dynamic, anti-jamming digital payload and antennas for a next-generation defense communications satellite ordered by the Japan Ministry of Defense.
MDA Space’s RADARSAT replenishment satellite will be based on MDA’s CHORUS bus and assembled in Montreal.
MDA Space expects the Blue Canyon Technologies acquisition to close by the end of 2026, pending customary closing conditions and required regulatory approvals.
MDA Space has signed a definitive agreement to acquire Blue Canyon Technologies from RTX’s Raytheon business for $620 million in an all-cash transaction.
MDA Space’s new contract strengthens its position in defense-focused space infrastructure and sovereign mission markets.
The satellite will use deployment mechanisms for thrusters and reflectors from MDA Space’s existing technology portfolio.
MDA Space’s Montreal facility will produce and test advanced antennas and the analog repeater before shipment to Japan.
MDA Space’s UK facility is providing digital beamforming technology for Japan’s future defense communications.
MDA Space’s UK facility will develop the technology for the satellite’s multi-beam digital payload.
The contract will be added to MDA Space’s order book in the second quarter of fiscal year 2026.