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MDA Space ended fiscal year 2025 with a backlog of CA$4 billion (US$2.9 billion), a 10% contraction year-over-year.
MDA Space posted CA$1.63 billion (US$1.19 billion) in annual revenue for fiscal year 2025.
MDA Space’s Robotics and Space Operations division grew 11% to CA$309.3 million (US$226.3 million) in fiscal year 2025.
MDA Space reported adjusted net income of CA$190 million (US$139 million) for fiscal year 2025, up 71% year-over-year.
MDA Space is a commercial satellite manufacturer known for contributing the Canadarm robotic arm to the International Space Station.
MDA Space operates the RADARSAT-2 synthetic aperture radar Earth observation satellite.
MDA Space Ltd.’s year-end backlog for fiscal year 2025 was $4.0 billion.
MDA Space’s Satellite Systems revenue in 2025 derived from contracts for Low-Earth Orbit constellations for Globalstar and Telesat Lightspeed.
MDA Space’s fiscal year 2025 revenue represented a 51% year-over-year increase.
MDA Space’s full-year 2025 revenue of CA$1.63 billion was at the upper end of its prior guidance range of CA$1.5 billion to CA$1.65 billion.
MDA Space projects a CA$40 billion (US$29 billion) pipeline of future opportunities over the next five years.
MDA Space can leverage Canada’s SAFE exemption to embed its Earth observation data and orbital robotic arms into joint European defense projects.
Voyager Technologies is a joint venture partner in the Starlab Space commercial space station program alongside Airbus, Mitsubishi Corporation, MDA Space, Palantir Technologies, and Space Applications Services.
Manufacturer MDA Space completed a 180,000-square-foot manufacturing facility to build Telesat satellites at the start of 2026.
Lochana Ponnambalam is Program Manager for Mission Operations at MDA Space and leads the Mission Operations team for Canadarm3.
MDA Space named Joe Armstrong as 49North’s first president.
MDA Space is seeking new international hires to meet demand for expanding Canadian space and defense programs.
Joe Armstrong reports directly to MDA Space CEO Mike Greenley.
MDA Space was selected for the U.S. Missile Defense Agency’s $151 billion SHIELD program in January 2026.
Mike Greenley is CEO of MDA Space.