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The latest announcement is out from MDA Ltd ( (TSE:MDA) ).
MDA Space Ltd. has announced an extension of its contract with Fisheries and Oceans Canada to provide satellite surveillance data and analytics for maritime security. This extension supports Canada’s leadership in maritime safety and aligns with international commitments to combat illegal fishing. The contract includes future use of MDA’s upcoming Earth observation constellation, CHORUS, enhancing Canada’s capabilities in monitoring and intercepting illegal maritime activities, thereby strengthening its Indo-Pacific Strategy.
The most recent analyst rating on (TSE:MDA) stock is a Buy with a C$18.00 price target. To see the full list of analyst forecasts on MDA Ltd stock, see the TSE:MDA Stock Forecast page.
Spark’s Take on TSE:MDA Stock
According to Spark, TipRanks’ AI Analyst, TSE:MDA is a Outperform.
MDA Ltd’s overall stock score reflects strong financial performance and positive earnings call sentiment, supported by a robust contract backlog and strategic acquisitions. Technical analysis indicates bullish momentum but highlights overbought conditions, while the high valuation suggests potential caution. Corporate events further enhance the growth outlook.
To see Spark’s full report on TSE:MDA stock, click here.
More about MDA Ltd
MDA Space Ltd. is a prominent player in the global space industry, specializing in robotics, satellite systems, and geointelligence. With over 55 years of experience and more than 450 missions, the company is recognized for its leadership in communications satellites, Earth and space observation, and space exploration. MDA Space employs over 3,400 experts across Canada, the US, and the UK, and is known for its innovative approach to transforming ambitious visions into successful missions.
Average Trading Volume: 430,346
Technical Sentiment Signal: Buy
Current Market Cap: C$4.25B
Learn more about MDA stock on TipRanks’ Stock Analysis page.