TSX:MDAAerospace & Defense
Expanded Telesat Lightspeed And Polar Contracts Could Be A Game Changer For MDA Space (TSX:MDA)
MDA Space recently secured an expanded role in Canada’s defence and communications programs, including a CAD 474 million increase to its Telesat Lightspeed satellite contract and prime contractor responsibilities for the Enhanced Satellite Communications Project – Polar, while also reporting higher quarterly sales and opening its CHORUS mission control centre in Québec.
These wins materially enlarge MDA Space’s backlog and defence exposure, underpinning demand for its high-volume Montréal...