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MDA Space is also building a next-generation constellation for Globalstar's direct-to-device operations.
EchoStar canceled its contract with MDA Space to build a direct-to-device constellation.
MDA Space is facing supply chain delays on the Globalstar customer program and its CHORUS constellation.
MDA Space reported third quarter revenue of 410 million Canadian dollars ($292 million), up 45% year-over-year.
MDA Space has a backlog of $4.4 billion at the end of Q3 2025, providing revenue visibility for 2025 and beyond.
MDA Space has liquidated damages clauses with its suppliers concerning the Globalstar contract.
MDA Space believes the claims related to the class action are without merit and intends to vigorously defend itself.
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 reaffirmed its full year revenue outlook between CA$1.57 billion to CA$1.63 billion ($1.12 billion to $1.16 billion), marking an approximate 48% growth at the midpoint.
MDA Space is set to benefit from the Canadian government's strong push in defense spending as outlined in the recent budget.
MDA Space expects to be compensated for all related termination costs and fees following the EchoStar contract cancellation.
MDA Space's future opportunities pipeline is estimated to be around $20 billion over the next five years, with $13 billion in satellite systems.
Globalstar expects MDA Space to deliver the satellites in early 2026, later than specified in the procurement contract.
Globalstar is entitled to liquidated damages from MDA Space due to the delivery delay, but the amount has not been disclosed.
Globalstar ordered 17 satellites from MDA Space in February 2022, with MDA subcontracting Rocket Lab to provide the satellite buses.
MDA Space is delayed in delivering Globalstar’s constellation refresh, pushing the first launch to 2026.
MDA Space will invest 10 million Canadian dollars in Maritime Launch Services (MLS) on November 3.
Starlab Space LLC is a consortium led by Voyager Technologies, Airbus, Mitsubishi Corporation, MDA Space, Palantir Technologies, and Space Applications Services.
MDA will become a shareholder of MLS through this investment.
MDA will work on establishing Canada’s unique orbital launch capability at Spaceport Nova Scotia.