MDA Space Ltd T.MDA

Stars of 2024

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MDA Space Ltd. (STAR)

MDA-TSX

$20.11+11.64 (137.47%)

Look at all the mind-boggling feats of technology to come out of the space race. The Voyager 1 probe is currently hurtling through interstellar space, 25 billion kilometres from Earth. The Americans put a man on the moon in 1969 with a fraction of the computing power you carry in your pocket. And there’s now a telescope that can see what the universe looked like 13.5 billion years ago. So, what is Canada’s main contribution to this great cosmic exploration? A big metal grabber. Now, the Canadarm series of robotic arms is many things. A staple of U.S. shuttle missions for decades. A key to assembling the International Space Station. And that project helped put MDA Space on the map. The company is on a roll, and its satellite business is booming. And in June, the company was awarded a $1-billion contract to build the Canadarm3, which is destined for a NASA-led space station that will orbit the moon. These are things worth celebrating, and Canadians ought to take pride in contributing a superhelpful appendage used to grab cool stuff other countries are making.