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MDA Ltd ( (TSE:MDA) ) has provided an update.
MDA Space Ltd. has signed a $1.1 billion contract with Globalstar Inc. to serve as the prime contractor for Globalstar’s next-generation low Earth orbit (LEO) satellite constellation. This significant contract will bolster MDA’s backlog by $750 million in fiscal 2025, enhancing its position in the global space industry and showcasing its expertise in software-defined digital satellites.
More about MDA Ltd
MDA Space Ltd. is a leading global space industry partner, specializing in robotics, satellite systems, and geointelligence. With over 55 years of experience and more than 450 missions, the company excels in communications satellites, Earth and space observation, and space exploration and infrastructure. MDA Space employs over 3,000 space experts across Canada, the US, and the UK.
YTD Price Performance: -23.06%
Average Trading Volume: 484,940
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$2.66B
For an in-depth examination of MDA stock, go to TipRanks’ Stock Analysis page.
