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MDA Space posted record quarterly adjusted EBITDA of $96 million at quarter-end.
MDA Space expects fiscal 2026 adjusted EBITDA between $320 million and $370 million.
MDA Space’s shares traded at $42.91 CAD at market close on March 4, 2026, up approximately 5.8% following the earnings release.
MDA Space expects fiscal 2026 capital expenditures between $225 million and $275 million.
MDA Space reported record fiscal 2025 revenues of $1.6 billion, up 51% year-over-year.
MDA Space received an award with the Canadian government in late 2025 to deliver military satellite communications capabilities.
MDA Space Ltd.’s year-end backlog for fiscal year 2025 was $4.0 billion.
MDA Space reported a pipeline of $40 billion, with $10 billion representing government down-selects or follow-on opportunities.
MDA Space expects capital expenditures of $225 million to $275 million to support the ramp-up of the Telesat Lightspeed production line at its Montreal facility.
MDA Space completed the critical design review for the next-generation Globalstar LEO constellation.
MDA Space is tracking toward the revised timeline for Globalstar and plans deliveries in 2025 for Globalstar’s 17-satellite update.
MDA Space projects that 90% of its 2026 revenue outlook is supported by its backlog.
MDA Space Ltd. recorded adjusted EBITDA of $324 million for fiscal year 2025, a 49% increase over 2024, with a 19.8% adjusted EBITDA margin.
MDA Space operates the RADARSAT-2 synthetic aperture radar Earth observation satellite.
MDA Space’s Satellite Systems revenue in 2025 derived from contracts for Low-Earth Orbit constellations for Globalstar and Telesat Lightspeed.
MDA Space attributed its annual revenue growth primarily to higher volumes of work in its Satellite Systems division.
MDA Space is a commercial satellite manufacturer known for contributing the Canadarm robotic arm to the International Space Station.
MDA Space Ltd. reported fiscal year 2025 revenue of $1.63 billion CAD, a 51% year-over-year increase.
MDA Space operates three divisions: Geointelligence, Robotics and Space Operations, and Satellite Systems.
MDA Space expects to deliver a small number of Telesat Lightspeed satellites in 2026 with deliveries ramping up in 2027.