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MDA Space Ltd T.MDA

Alternate Symbol(s):  MDALF

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators. AURORA technology enables constellations to extend communication networks to every corner of the globe with digital automation, and robotics. Its communications satellites include a complete range of modular digital products and components for space-based communication solutions coupled with advanced manufacturing capable of producing two satellites a day. It owns and operates RADARSAT-2 earth observation satellite. Its earth observation services include analytics solutions that give customers information and insights from environmental monitoring, disaster management, maritime domain awareness and security to mining.


TSX:MDA - Post by User

Post by Betteryear2on Feb 24, 2022 8:52am
203 Views
Post# 34457240

MDA to Build 17 Satellites

MDA to Build 17 Satellites

BRAMPTON, ONFeb. 24, 2022 /CNW/ - MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced that it has been selected as the prime contractor for Globalstar Inc.'s (NYSE American:GSAT) new Low Earth Orbit (LEO) satellites. Globalstar is a leading provider of Mobile Satellite Services including customizable satellite IoT solutions for individuals and businesses globally. The contract, valued at $327 million USD (approximately $415 million CAD) includes the design, manufacture, assembly and test of 17 satellites, with options for Globalstar to purchase up to nine additional satellites with flexibility in timing to order such satellites as well as other contractual options. The satellites built by MDA will integrate with Globalstar's existing constellation, ensuring service continuity for Globalstar customers.

MDA also announced that it will partner with Rocket Lab USA, Inc. (Nasdaq:RKLB) on the contract, bringing together two of the space industry's most innovative satellite companies. MDA will act as prime contractor to manufacture Globalstar's satellites as well as lead the development of the payload and integration while Rocket Lab will lead the development of the spacecraft bus.

"The expertise and ability of our Satellite Systems team to provide industry-leading innovative and competitive satellite solutions is second to none, and we are honoured by Globalstar's confidence and trust in selecting MDA as the prime contractor for its new satellites," said Mike Greenley, CEO of MDA. "Combining our deep expertise with new partners like Rocket Lab to bring exciting capability to the rapidly growing LEO constellation market further strengthens our position in the global satellite systems market and demonstrates MDA's increasing role at the heart of the expanding space economy." 

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