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MDA Space Ltd ( (TSE:MDA) ) just unveiled an announcement.
MDA Space has created 49North, a wholly owned Canadian defence subsidiary headquartered in Ottawa to deliver secure, multi-domain C4ISR and mission-critical capabilities for national defence needs beyond the space domain. The unit is designed to concentrate MDA Space’s proven defence engineering, operational reliability, and program execution expertise to bolster Canada’s sovereign defence capacity and support allied operations.
The company has appointed veteran defence executive Joe Armstrong as President of 49North, tasking him with leading solutions across land, air, maritime and joint operations, including advanced sensing, radar, autonomous systems and long-term in-service support. Armstrong’s 25-plus years of leadership in defence, aerospace and technology, including senior roles at CAE overseeing global military programs, is expected to strengthen 49North’s ability to win and deliver large, complex defence contracts.
The most recent analyst rating on (TSE:MDA) stock is a Buy with a C$51.00 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., listed on the TSX as MDA, is a long-standing Canadian space and defence technology company that serves the rapidly expanding global space industry and national defence customers. Leveraging more than five decades of experience as a prime contractor for Canadian and allied defence programs, the company provides mission-critical systems, advanced sensing and radar technologies, autonomous systems, and secure digital mission solutions.
Average Trading Volume: 981,573
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$4.67B
See more insights into MDA stock on TipRanks’ Stock Analysis page.