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Bullboard - Stock Discussion Forum MDA Space Ltd MDALF


Primary Symbol: T.MDA

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... see more

TSX:MDA - Post Discussion

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Post by retiredcf on May 03, 2022 9:25am

NR

08:45 AM EDT, 05/03/2022 (MT Newswires) -- MDA Ltd. (TSX: MDA), a provider of advanced technology and services to the space industry, on Tuesday announced the first commercial sale of its Canadarm3 technology to Axiom Space.

The contract is for the delivery of 32 external robotic interfaces for Axiom Space's Axiom Station, which is now under construction and on schedule to be the world's first commercial space station in orbit, MDA said.

MDA didn't disclose any financial details of the contract.

Mike Greenley, CEO of MDA, said the sale "signifies a major shift" in the commercial landscape and is "a turning point" for MDA as it aims to bring a full suite of space robotics products to market.

The company said its interfaces aboard Axiom's space station will include those that allow the existing Canadarm2 on the International Space Station, or ISS, to build and assemble the new Axiom Station. Once that stage is complete, the Canadarm3 interfaces will act as permanent robotic system fixture points on the outside of Axiom Station.

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