Mda Ltd. (TSE:MDA) has released an update.
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MDA Space has reported a robust start to 2024 with a record backlog of $3.3 billion, marking a 169% year-over-year increase, and a revenue growth of 3.6% to $209.1 million. The company also saw a solid profitability with an adjusted EBITDA of $42.0 million. Alongside financial growth, MDA rebranded to MDA Space, positioning itself as a leader in space innovation with new contracts and product lines introduced in the first quarter.
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