MDA Space says Artemis contract with Canada, not NASA

MDA Space (MDA) issued a statement in response NASA’s changes to the Artemis mission. The company said, “MDA Space is monitoring NASA’s ongoing discussions regarding changes to the Artemis mission as part of a renewed focus on accelerating a return to the Lunar surface. NASA has announced that it intends to pause Gateway in its current form and shift focus to infrastructure that enables sustained Lunar surface operations, and to repurpose equipment and leverage international partner commitments for use on the Lunar surface. MDA Space management reiterates that the company’s Canadarm3 program associated with the Artemis program is a contract with the Canadian Space Agency and not with NASA or the US government. There has been no change to any MDA Space contract and our work on the Canadarm3 program continues to progress. We remain fully focused on executing our existing contracts and advancing our commercial opportunities to expand further…MDA Space welcomes efforts to accelerate the Artemis mission and the broad, sustained new market opportunity that a return to the Lunar surface represents for our company. We are in continuous dialogue with the Canadian Space Agency and expect that Canada will continue to contribute robotics technology to the Artemis mission.” Shares of MDA Space are down 10% to $29.35 in afternoon trading.