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MDA Ltd. (TSX: MDA) has signed a definitive agreement to acquire SatixFy Space Systems UK Ltd. (SSS), the digital payload division of SatixFy Communications Ltd. (NYSE AMERICAN: SATX).
MDA won a $1,600,000,000 contract to build 198 low Earth orbit satellites for Telesat.
SatixFy plans to sell its satellite payload subsidiary to MDA as part of a $60,000,000 strategic transaction announced on 2023-08-31.
MDA Ltd. (TSX:MDA) signed a definitive agreement to acquire SatixFy Space Systems UK Ltd. (SSS), the digital payload division of SatixFy Communications Ltd. (NYSE AMERICAN: SATX).
The contract between MDA and Telesat for Telesat Lightspeed is valued at approximately $2,100,000,000.
The Telesat Lightspeed satellites will be built, assembled, and tested at MDA's high-volume satellite manufacturing facilities in Montreal.
MDA Ltd. will build 198 advanced satellites for the Telesat Lightspeed Low Earth Orbit program.
The Telesat Lightspeed satellites will be built, assembled, and tested at MDA’s high-volume satellite manufacturing facilities in Montreal.
The MDA contract for Lightspeed includes options for an additional 100 satellites to expand the constellation to 298 satellites.
MDA is building 198 satellites for Telesat’s Lightspeed constellation under a contract worth 2.1 billion Canadian dollars.
MDA plans to introduce its new software-defined digital satellite product line during World Satellite Business Week in September 2023.
Launches for the MDA-built Lightspeed satellites are slated to start in the middle of 2026.
Globalstar selected MDA to build its Apple-backed third-generation LEO satellites within the past 18 months.
Shereen Zahawi is Senior Director, Investor Relations at MDA and can be reached at 647-401-3230 and shereen.zahawi@mda.space.
Amy MacLeod is Vice President, Corporate Communications at MDA and can be reached at 613-796-6937 and amy.macleod@mda.space.
MDA works with the Department of Fisheries and Oceans and international fisheries agencies to provide actionable maritime intelligence data that addresses dark vessel detection and supports maritime enforcement initiatives.
RADARSAT-2 Synthetic Aperture Radar and the integrated satellite data sources used by MDA can image hundreds of kilometres in a single image day or night and through all weather conditions.
The Government of Canada has used MDA technology since 2021 to support the Government of Ecuador in monitoring the protected ocean ecosystems surrounding the Galapagos Islands.
MDA works with the Department of Fisheries and Oceans and international fisheries agencies to provide actionable maritime intelligence data that supports maritime enforcement and dark vessel detection.
The Government of Canada has used MDA technology since 2021 to support the Government of Ecuador in monitoring the protected ocean ecosystems surrounding the Galapagos Islands.