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The CSA allocated $44.7 million to MDA Space to purchase long lead item specialized parts for a replenishment satellite for the RADARSAT Constellation Mission (RCM).
Jasmine Danial connected Kyle Boyko with Canon and MDA Space to enhance opportunities in Brampton's tech industry.
Starlab's partners include Airbus, Mitsubishi Corporation, MDA Space, Palantir Technologies, and Space Applications Services.
The Prometheus Run mission is associated with the U.S. Defense Innovation Unit (DIU) and the Missile Defense Agency (MDA).
EchoStar cancelled its $1.8 billion contract with MDA Space for MDA to build 100 satellites on its Aurora platform for EchoStar’s direct-to-device satellite constellation.
MDA Space made a $10 million investment in Maritime Launch Services in November 2023.
Rocket Lab successfully launched a suborbital mission with its HASTE launch vehicle for the Defense Innovation Unit (DIU) and Missile Defense Agency (MDA) on November 18, 2025.
Telesat and MDA Space CEOs are advocating for investments in global communications and launch.
MDA Space reported third quarter revenue of 410 million Canadian dollars ($292 million), up 45% year-over-year.
MDA Space is experiencing a multi-year growth trajectory driven by expanding commercial constellation work, major government robotics programs, and rising global demand for space-based defense capabilities.
MDA Space posted a 45% year-over-year revenue increase in the third quarter of 2025.
MDA Space is set to benefit from the Canadian government's strong push in defense spending as outlined in the recent budget.
MDA Space's adjusted net income for Q3 2025 was $46.1 million, a 33% increase year-over-year, with adjusted diluted earnings per share of $0.35, up 25%.
MDA Space is also building a next-generation constellation for Globalstar's direct-to-device operations.
MDA Space expects to be compensated for all related termination costs and fees following the EchoStar contract cancellation.
MDA Space reported operating cash flow of $32.8 million and a net debt to adjusted EBITDA ratio of 0.3x at quarter-end.
MDA Space has liquidated damages clauses with its suppliers concerning the Globalstar contract.
MDA Space CEO Mike Greenley stated that the company is entering a prolonged investment cycle and is actively engaged in defense-based conversations.
MDA Space's Satellite Systems business drove revenue growth in the third quarter.
EchoStar opted to sell its spectrum licenses to SpaceX instead of proceeding with the contract with MDA Space.