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 has won a new contract with the Canadian Space Agency worth C$44.7 million.
The concept study by MDA Space aims to respond to the growing demands for space-based Earth Observation data across Canada.
The Government of Canada intends to contract MDA Space to build, test, and launch an additional satellite for the RADARSAT Constellation Mission.
MDA Space's stock price increased by approximately 11% following the contract announcement.
The new contract with MDA is part of Canada's long-term program to secure satellite data from within its own borders.
MDA Space expects the full contract for the RCM replenishment satellite to be awarded in 2026.
MDA Space, Kepler Communications, and C-CORE were awarded $747,000 to design concept studies for Canada’s fourth-generation Earth observation satellite system.
The CSA allocated $44.7 million to MDA Space to purchase long lead item specialized parts for a replenishment satellite for the RADARSAT Constellation Mission (RCM).
Jasmine Danial connected Kyle Boyko with Canon and MDA Space to enhance opportunities in Brampton's tech industry.
Starlab's partners include Airbus, Mitsubishi Corporation, MDA Space, Palantir Technologies, and Space Applications Services.
EchoStar cancelled its $1.8 billion contract with MDA Space for MDA to build 100 satellites on its Aurora platform for EchoStar’s direct-to-device satellite constellation.
MDA Space made a $10 million investment in Maritime Launch Services in November 2023.
MDA Space's adjusted EBITDA for Q3 2025 was $82.8 million, up 49% year-over-year, with an adjusted EBITDA margin of 20.2%.
MDA Space has a backlog of $4.4 billion at the end of Q3 2025, providing revenue visibility for 2025 and beyond.
MDA Space expects to be compensated for all related termination costs and fees following the EchoStar contract cancellation.
MDA Space CEO Mike Greenley stated that the company is entering a prolonged investment cycle and is actively engaged in defense-based conversations.
MDA Space signed a second contract with Globalstar in February 2025 valued at $1.1 billion to build an initial constellation of 50 MDA AURORA software-defined digital satellites.
MDA Space reported operating cash flow of $32.8 million and a net debt to adjusted EBITDA ratio of 0.3x at quarter-end.
MDA Space believes the claims related to the class action are without merit and intends to vigorously defend itself.
MDA Space posted a 45% year-over-year revenue increase in the third quarter of 2025.