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The press release announcing MDA’s S&P/TSX Composite Index inclusion was issued on 2024-03-04 from Brampton, Ontario.
MDA Ltd. will be added to the S&P/TSX Composite Index (Industrials sector) prior to the open of trading on 2024-03-18.
Lightning is based on the same design as the custom spacecraft Rocket Lab developed for MDA and Globalstar and serves as the basis for Rocket Lab’s bus for the Space Development Agency.
MDA has contracted to build 17 satellites for Globalstar, 198 satellites for Telesat, and 36 satellites for an unnamed GEO customer starting in 2025.
MDA opened a new 1,400-square-meter production facility in Montreal in 2023 with a clean room coming online in early 2024.
MDA stated that at a production rate of two satellites a day it could produce 400 satellites a year and 2,000 satellites over five years.
Telesat awarded MDA a 2.1 billion Canadian dollar contract to develop the Lightspeed LEO broadband constellation.
MDA is currently set up to build satellites in the 600- to 1,000-kilogram class.
MDA acquired the digital payload group from Satixfy in England to expand its digital satellite engineering capability.
MDA developed and delivered 2,500 antennas for OneWeb, which prompted adoption of additive manufacturing and 3D printing.
MDA won a 2022 contract to build Globalstar’s third-generation low Earth orbit network with financial backing from Apple.
MDA is adding a 26,000-square-meter extension to an existing Montreal facility, more than doubling its constellation manufacturing space.
Lightning is based on the same design as Rocket Lab’s custom spacecraft developed for MDA and Globalstar and serves as the basis for Rocket Lab’s bus for the Space Development Agency.
MDA aims to produce two satellites a day at facilities in Montreal as part of its repositioning for the constellation market.
Lightning is based on the same design as the custom spacecraft Rocket Lab developed for MDA and Globalstar and serves as the basis for Rocket Lab’s bus for the Space Development Agency.
SpaceX is due to start launching the 198 MDA-built satellites for the Telesat Lightspeed constellation in mid-2026.
Amy MacLeod is Vice President, Corporate Communications at MDA and can be reached at 613-796-6937 and amy.macleod@mda.space.
Shereen Zahawi is Senior Director, Investor Relations at MDA and can be reached at 647-401-3230 and shereen.zahawi@mda.space.
MDA Ltd. (TSX:MDA) received a $74,000,000 contract from General Atomics Aeronautical Systems, Inc. to help deliver the fleet of MQ-9B SkyGuardian Remotely Piloted Aircraft Systems ordered by the Canadian Armed Forces.
CAE, MDA Ltd., L3Harris Technologies, and General Atomics Aeronautical Systems, Inc. are jointly delivering MQ-9B capability to Canada while creating domestic economic benefits and work opportunities.