MDA Space, Hanwha Sign MOU on Korea’s K-LEO Military Satellite Constellation

MDA Space Ltd ( (TSE:MDA) ) has shared an announcement.

MDA Space has signed a Memorandum of Understanding with South Korea’s Hanwha Systems to explore collaboration on the development of Korea’s sovereign Low Earth Orbit defence constellation (K-LEO). The prospective partnership will assess how MDA’s AURORA software-defined digital satellite platform can be integrated into Hanwha’s solutions to support secure, resilient military communications and data services, potentially strengthening Korea’s defence space capabilities and underscoring growing international confidence in MDA’s dual-use satellite technology for national security applications.

The most recent analyst rating on (TSE:MDA) stock is a Buy with a C$42.00 price target. To see the full list of analyst forecasts on MDA Space 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.

The score is driven primarily by strong underlying financial performance and a constructive (but overbought) technical trend. Reaffirmed guidance and a large backlog support the outlook, while the high P/E, declining free cash flow, and EchoStar-related setbacks (termination and legal overhang) meaningfully constrain the rating.

To see Spark’s full report on TSE:MDA stock, click here.

More about MDA Space Ltd

MDA Space Ltd. (TSX:MDA) is a Canadian space technology company specializing in robotics, satellite systems and geointelligence, with more than five decades of experience and over 450 missions. The company is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure, serving government and commercial customers across the rapidly expanding global space industry.

Average Trading Volume: 1,039,126

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$4.64B

For an in-depth examination of MDA stock, go to TipRanks’ Overview page.