OrbitonOpen research workspace →
MDA Space Ltd. logo

MDA Space Ltd.

TSX:MDALive AI agent

MDA Space is a trusted mission partner to the global defence and space industry, specializing in robotics, satellite systems, and geointelligence.

Investor website: https://mda.space/

About

MDA Space is a trusted mission partner to the global defence and space industry, specializing in robotics, satellite systems, and geointelligence. With over 55 years of experience and more than 450 missions, MDA Space is a leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The company employs a global team of over 4,000 experts dedicated to transforming ambitious customer visions into achievable missions.

Verified company data

Projects
["MDA SPACE PROVIDES UPDATE ON ECHOSTAR CONTRACT\n\nSeptember 8, 2025 (BRAMPTON, ON) – MDA Space Ltd. (TSX:MDA), a trusted mission partner to the rapidly expanding global space industry, has received a termination for convenience notification from EchoStar Corporation (NASDAQ: SATS) related to the constellation contract announced on August 1, 2025. The contract termination is the result of a sudden change to EchoStar’s business strategy and plan in the wake of spectrum allocation discussions with the Federal Communications Commission (FCC) in the United States. EchoStar has agreed to sell its AWS-4 and H-block spectrum licenses to SpaceX. This arbitrary development is completely unrelated to MDA Space performance and our products and services. The company will be compensated for all related termination costs and fees as per the EchoStar contract. MDA Space has established a world leading digital satellite offering for communication constellations and continues to focus on the execution of its $4.6 billion backlog, excluding the EchoStar contract, providing revenue visibility for growth through 2025 and the next several years. The company reiterates its fiscal 2025 financial outlook and guidance announced on August 7, 2025 while continuing to pursue a strong digital satellite constellation pipeline for both broadband data and direct-to-device communication satellites with commercial and government customers worldwide.\n\nConference Call\n\nMDA Space will host a call and webcast to discuss this contract development on Monday, September 8, 2025 at 9:00 a.m. ET. Interested parties can join the call by dialing 416-945-7677 (Toronto area) or 1-888-699-1199 (toll-free North America) or +44-800-279-7040 (toll-free United Kingdom) and entering the conference ID 18416. A live webcast of the conference call will be available at https://mda-en.investorroom.com/events-presentations. A replay of the conference will be archived on the MDA Space website following the call. Parties may also access a recording of the call which will be available until September 15, 2025, by dialing 1-888-660-6345 and entering the passcode 18416 #.","MDA SPACE SIGNS $1.1B CONTRACT WITH GLOBALSTAR TO BUILD NEXT GENERATION LEO CONSTELLATION\n\nFebruary 10, 2025 (BRAMPTON, ON) – MDA Space Ltd. (TSX:MDA), a trusted mission partner to the rapidly expanding global space industry, today announced that it has signed a definitive contract with Globalstar Inc. (NYSE American: GSAT) to be the prime contractor for the satellite operator’s next generation low Earth orbit (LEO) constellation, with a total contract value of approximately $1.1 billion*. As part of the definitive contract for the full LEO constellation, MDA Space will manufacture more than 50 MDA AURORA™ software-defined digital satellites for Globalstar. “We are pleased to once again be working with Globalstar as they develop their next generation LEO constellation,” said Mike Greenley, CEO of MDA Space. “With the full contract now in place, we are moving full speed ahead on the program.” The definitive contract announced today is a follow-on to an initial Authorization to Proceed (ATP) contract with an undisclosed customer, previously announced on November 17, 2023. A contract value of approximately $750 million will be added to the company’s backlog in the first quarter of fiscal 2025. This amount is in addition to the ATP value of approximately $350 million that was previously added to backlog, for a total value of $1.1 billion under the definitive contract.\n\n*Contract value is stated in CAD. Management assumed US/CAD exchange rate of 1.43.","MDA SPACE AWARDED $474 MILLION TO EXPAND THE TELESAT LIGHTSPEED LEO CONSTELLATION\n\nAugust 4, 2026 – MDA Space Ltd. (TSX:MDA) (NYSE:MDA), a trusted mission partner to the rapidly expanding global space industry, will be supplying Telesat LEO ULC, a division of Telesat Corporation (Nasdaq:TSAT) (TSX:TSAT) with additional MDA AURORA™ next-generation broadband satellites, coinciding with the operator’s announcement today that it is expanding the Telesat Lightspeed low Earth orbit constellation. Telesat announced that it is expanding its LEO constellation by 69 satellites, bringing the total number of fully funded satellites from 156 to 225. For MDA Space, this represents an increase of 27 satellites to the previously announced 198 satellites being manufactured for the Telesat Lightspeed LEO constellation. As a result, MDA Space has increased the total value of the contract by $474 million, which includes the new satellites, the addition of 500 MHz of military Ka-band to Lightspeed satellites currently being built, replacing the same amount of commercial Ka-band spectrum, and other long-lead items. This constellation expansion follows the Strategic Partnership Agreement announced last year between MDA Space, the Department of National Defence and Telesat to provide connectivity across the Canadian Arctic as part of the Enhanced Satellite Communications Project-Polar (ESCP-P) program, enabling the Canadian Armed Forces to operate effectively in the region. “Reliable military communication in the Arctic is a necessity for protecting Canadian sovereignty, maintaining situational awareness, coordinating joint operations with allies, and responding quickly to emergencies in a region where every minute counts,” said Mike Greenley, CEO of MDA Space. “As a Canadian-based global leader in space and satellite systems, MDA Space is proud to partner with Telesat and the Government of Canada to help equip the Canadian Armed Forces with some of the most advanced capabilities on the market to keep Canadians safe.” The ESCP-P program will also include a secure Ultra-High Frequency (UHF) and X-band constellation in Medium Earth Orbit (MEO). The Government of Canada announced today that MDA Space will serve as the prime contractor responsible for end-to-end mission delivery and that negotiations to advance the definition and development of the UHF and X-band services are underway. Contract details will be disclosed once finalized. Telesat will serve as a subcontractor to MDA Space on this component of the program. All MDA AURORA™ satellites being designed, built and tested by MDA Space for the Telesat Lightspeed constellation will feature 500 MHz of military Ka-band spectrum alongside Ka-band commercial spectrum, fulfilling a critical national defence commitment of facilitating military communications across the high‑latitude region in support of Canada’s continental‑security objectives and its obligations to allied partners. The satellites will be built at the company’s state-of-the-art, high-volume manufacturing facility in Montréal. The majority of the increase in contract value of $474 million will be added to the company’s backlog in the third quarter of 2026 as some long-lead-time items were previously added."]
Leadership
Mike Greenley (Chief Executive Officer), Stephanie McDonald (Chief People, Culture and Transformation Officer), Cameron Ower (Chief Technology Officer), Guillaume Lavoie (Chief Financial Officer), Dr. Minda Suchan (Vice President, Geointelligence), Holly Johnson (Vice President, Robotics and Space Operations), Luigi Pozzebon (Vice President, Satellite Systems), Andrew Stanniland (Managing Director, UK), David Snarch (Vice President, General Counsel and Corporate Secretary), Ian McLeod (Vice President, Corporate Development), Rob Singh (Vice President, Strategic Solutions), Maria Perrella (Chief Financial Officer, Experienced executive with strong relationships in financial and operational areas, previously CFO at ATS Automation Systems.), Martin J. Herman (General Counsel & Vice President, Legal, Expert in aviation and aerospace law with extensive experience in corporate legal matters, previously General Counsel at De Havilland Aircraft of Canada Limited.)

Verified data last updated:

Recent filings