MDA Ltd (TSE:MDA) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
MDA Space Ltd. has secured a monumental $1 billion from the Canadian Space Agency for the Canadarm3 project, which will play a pivotal role in the NASA-led Gateway lunar space station under the Artemis program. This contract propels MDA Space forward in the commercial space robotics market, with expectations of the Canadarm3 enhancing Canada’s innovative footprint in the next phase of lunar exploration. The company’s expansion into commercial technologies positions it as a leader in the burgeoning space economy, offering a range of services from lunar rovers to in-space assembly.
For further insights into TSE:MDA stock, check out TipRanks’ Stock Analysis page.