TSX:MDAAerospace & Defense
MDA Space (TSX:MDA) Deepens Arctic Defence Role With Telesat Deal And New Notes Offering
MDA Space Ltd. recently closed a C$600.0 million private placement of 6.50% senior unsecured notes due 2033 to help fund its planned acquisition of Blue Canyon Technologies, while its partner Telesat secured an initial C$2.30 billion defence satellite communications contract that will expand the Telesat Lightspeed low Earth orbit constellation by 69 satellites.
The expanded Telesat Lightspeed program and MDA Space’s role as prime contractor for Canada’s Enhanced Satellite Communications...