RE:Strike at MDA SpaceThere is one honking mislead , maybe it's a mistake ? in here.
According to MDA’s 2023 financial statements, the company earned more than $807 million in revenue, a significant portion of which is funded by large government contracts, including a federal funding of $2 billion for the Canadarm3 project. MDA also regularly receives generous provincial and federal subsidies, including approximately $25 million from the Ontario government to fund its newly constructed global space headquarters and $132.7 million in available federal investment tax credits.
They had revenues of that amount , not earnings.
Full year revenues of $807.6 million were up 26.0% year over year driven by execution on our backlog, with strong contributions from our Satellite Systems and Robotics & Space Operations businesses.