IRIS² CONSTELLATION: MDA SPACE TO PROVIDE THALES ALENIA SPACE WITH DIGITAL ANTENNA SUBSYSTEMS FOR 66 EARLY-DELIVERY SATELLITES

MDA Space Ltd (MDA) reported a 22% revenue jump in Q3 2026, raising guidance. CEO Mike Greenlee highlighted growth in Europe, new customer contracts for the Chorus constellation, and strategic acquisitions. CFO Guillaume LeBois noted strong execution and a $1.4B backlog for the Telesat Lightspeed contract. The company expects double-digit organic growth in 2027.

MDA Space (NYSE:MDA) raised its 2026 revenue outlook to $1.9B-$1.95B and adjusted EBITDA to $355M-$375M, citing strong performance and pending acquisitions. CEO Mike Greenley noted Q3 as a strong quarter, boosting full-year expectations.

MDA Space reported Q3 adjusted diluted EPS of C$0.37, up 0.7% year-over-year, with revenue of C$498.1M, up 21.5%. The company raised its FY2026 revenue guidance to C$1.90B-C$1.95B and adjusted EBITDA guidance to C$355M-C$375M, reaffirming its adjusted EBITDA target.

MDA Space raised its 2026 revenue forecast to $1.90B–$1.95B, up from $1.8B–$1.9B. Q3 2026 revenue was $498.1M, a 22% YoY increase. Adjusted EBITDA rose 16% YoY to $96M, with a margin of 19.3%. Adjusted net income grew 26% YoY to $60.4M. The company's backlog reached $3.9B, providing revenue visibility beyond 2027.

MDA Space reported Q3 2026 revenues of $498M, up 22% YoY, with adjusted EBITDA of $96M (up 16%) and net income of $60M (up 26%). The company raised its 2026 revenue and EBITDA guidance, citing strong backlog and strategic investments. Operating cash flow was $106M, with a net cash position of $1.3B.

MDA Space (TSX:MDA, NYSE:MDA) secured a $100M+ contract with Thales Alenia Space to supply antennas for 66 EU IRIS² satellites, launching in 2029. The deal covers AURORA antennas and controllers, designed in Montreal. The contract will be added to MDA's backlog in Q4 2026, pending finalization.