$MDA

MDA Space Ltd. (TSX:MDA) (NYSE:MDA) subsidiary 49North signed an MOU with Ukrainian counter-drone tech firm UNWAVE to collaborate on joint production and support of counter-UAS systems. The agreement aligns with Ukraine-Canada defense cooperation and leverages both companies' expertise. 49North has decades of defense experience, including drone services in Afghanistan and Ukraine.

National Bank Financial analyst Gabriel Dechaine expects mixed Q3 results from Canadian life insurers, citing market conditions. He downgraded Great-West Lifeco (GWO) and IA Financial (IAG) while keeping Manulife (MFC) and Sun Life (SLF) as top picks. Raymond James analyst Steve Hansen noted strong Q3 rail traffic but downgraded Canadian National Railway (CNR) due to tougher comparisons.

MDA Space subsidiary 49North awarded a contract to Airborne Sensing Lab for Canada's RPAS project, part of a $78.2M deal with General Atomics. The project involves data collection for maritime vessel imagery, supporting automated target classification for the Royal Canadian Air Force.

MDA Space (TSX: MDA, NYSE: MDA) will release Q3 2026 earnings on November 5, 2026, before market open, followed by a conference call at 8:30am ET. The company is a leader in space and defense industries, with over 4,000 employees and 450 missions. A replay will be available for a week, and the webcast for 12 months.

Czech defense company CSG acquired a 9.5% stake in MDA Space, becoming its largest shareholder. CSG sees strategic value and potential cooperation. MDA Space shares traded at $39.95 on the TSX.

Canadian stock futures rose Tuesday as bond yields steadied and precious-metal prices edged higher. The TSX Composite Index gained 1.5% Friday, its biggest gain in five weeks. The Canadian dollar inched higher to 70.14 cents U.S. Czech arms maker CSG acquired a 9.5% stake in MDA Space, becoming its largest shareholder. U.S. stock futures were mixed with traders digesting corporate earnings reports.

MDA Space (NYSE:MDA) reported a C$310 million sequential increase in backlog to C$4.0 billion in Q2 2026, with a book-to-bill ratio of 1.6x. The company aims to expand through acquisitions, including a proposed US$620 million deal for Blue Canyon Technologies, and a funding initiative for local innovators. However, it faces cash flow challenges, with negative free cash flows of C$150 million in Q2. Profitability metrics remain modest, with operating and net margins around 6%.

MDA Space Ltd. (NYSE:MDA) launched MDA AURORA BLACK, a defense-focused satellite solution for military and government customers. The product offers enhanced security features and aligns with the company's expansion in the global defense-focused SATCOM segment. MDA has also been pursuing strategic acquisitions, including a $620 million agreement to acquire Blue Canyon and a proposed 70% stake in CLS.

MDA Space (TSX:MDA, NYSE:MDA), a Canadian space company, has seen its share price rise 70% in 2026 but is down 35% from its 52-week high. The company reported Q3 revenue growth of 34% to $499 million and a $4 billion backlog. Recent acquisitions and potential government investments in domestic space projects may benefit MDA.

MDA Space (TSX:MDA, NYSE:MDA) received TSX approval for a normal course issuer bid, allowing it to repurchase up to 8,106,539 shares (5% of issued shares) over 12 months. The bid starts September 23, 2026, and ends September 22, 2027. The company also set up an automatic share purchase plan with its broker. MDA Space believes share repurchases can benefit shareholders, especially during market volatility.