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MDA Space Ltd ( (TSE:MDA) ) has shared an announcement.
MDA Space Ltd has been awarded a $44.7 million contract by the Canadian Space Agency to procure and deliver critical components for the RADARSAT Constellation Mission replenishment satellite. This contract is part of the Canadian government’s $1.012 billion RADARSAT+ initiative, aimed at supporting satellite Earth observation needs. MDA Space is also one of three companies selected to conduct a concept study for a next-generation radar satellite system, which will address the growing demand for space-based Earth observation data. The announcement strengthens MDA’s position in the industry and highlights its ongoing collaboration with the Canadian government to deliver essential space-based solutions.
The most recent analyst rating on (TSE:MDA) stock is a Buy with a C$48.00 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 Neutral.
MDA Ltd’s overall stock score reflects strong financial performance and positive earnings call highlights, offset by bearish technical indicators and moderate valuation. The company’s robust backlog and strategic investments provide a positive outlook, despite challenges such as contract termination and program delays.
To see Spark’s full report on TSE:MDA stock, click here.
More about MDA Space Ltd
MDA Space Ltd is a leading global player in the 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 contributions to communications satellites, Earth and space observation, and space exploration infrastructure. MDA Space employs over 3,800 experts across Canada, the US, and the UK, and is known for its engineering excellence and innovative solutions.
Average Trading Volume: 999,995
Technical Sentiment Signal: Sell
Current Market Cap: C$2.92B
For detailed information about MDA stock, go to TipRanks’ Stock Analysis page.