TSX:MDAAerospace & Defense
How Investors Are Reacting To MDA Space (TSX:MDA) Equity Raise And New Defence Surveillance Contract
MDA Space recently completed a follow-on equity offering and over-allotment, raising approximately US$341 million to fund growth, potential acquisitions, and general corporate purposes, while also securing a CAD$32 million Canadian Defence Investment Agency contract to build and operate three ground-based optical observatories for the Surveillance of Space 2 program through 2031.
This combination of fresh capital and a multi-year defence space-surveillance contract underscores MDA Space’s...