MDA Space Ltd.
No SEC Form 4 filings for $MDA in the last 30 days.
MDA Space reported Q2 revenue of $499 million, up 34% year over year, and net income of $51.8 million, up about 13%. Adjusted EPS was $0.36 versus $0.35 forecast. Satellite systems revenue rose 44% to $336 million, helped by a Telesat contract for 27 Lightspeed satellites. Backlog was $4 billion. Shares traded around $48.03 in Toronto.
MDA Space Ltd. reported Q2 profit of $27.9 million, up from $27.2 million a year earlier, with diluted EPS of 20 cents versus 21 cents. Adjusted diluted EPS was 36 cents, unchanged year over year. Revenue rose to $498.6 million from $373.3 million, driven by higher work volumes across its businesses.
Reports cited by Reuters and Bloomberg say SpaceX is prioritizing Starlink launches and turning away third-party payloads seeking rideshare on Falcon 9 beyond 2028. Canadian firms including Canada Rocket Company, NordSpace, and Wyvern say this could spur medium-lift capacity. Canada’s government backs sovereign launch capacity with nearly $225M, and a $2.3B Telesat contract uses already-secured Falcon 9 launches.
Over the past 7 days, alphai's AI scored 17 news stories mentioning MDA (MDA Space Ltd.). Coverage has skewed bullish: 17 bullish, 0 neutral, and 0 bearish.
Recent MDA coverage spans financial news, earnings and sector analysis.
Results beat estimates and highlight backlog conversion plus contract-driven satellite growth, supporting near-term earnings momentum.
The article discloses a Q2 earnings and revenue beat versus the prior year, with growth attributed to higher volumes across businesses.
Satellite manufacturing demand could increase for MDA Space if the contract proceeds as described.
Guidance update plus higher backlog and EBITDA margin likely supports near-term valuation, but free cash flow remains negative due to working capital and capex.
Order visibility improves for MDA via satellite manufacturing tied to the expanded Lightspeed constellation and Mil-Ka modifications.
alphai scores every news story that mentions MDA with an AI model for sentiment and relevance, and aggregates insider trades from MDA Space Ltd.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
MDA Space reported Q2 revenue of $499 million, up 34% year over year, and net income of $51.8 million, up about 13%. Adjusted EPS was $0.36 versus $0.35 forecast. Satellite systems revenue rose 44% to $336 million, helped by a Telesat contract for 27 Lightspeed satellites. Backlog was $4 billion. Shares traded around $48.03 in Toronto.
5 min readMDA Space Ltd. reported Q2 profit of $27.9 million, up from $27.2 million a year earlier, with diluted EPS of 20 cents versus 21 cents. Adjusted diluted EPS was 36 cents, unchanged year over year. Revenue rose to $498.6 million from $373.3 million, driven by higher work volumes across its businesses.
2 min readReports cited by Reuters and Bloomberg say SpaceX is prioritizing Starlink launches and turning away third-party payloads seeking rideshare on Falcon 9 beyond 2028. Canadian firms including Canada Rocket Company, NordSpace, and Wyvern say this could spur medium-lift capacity. Canada’s government backs sovereign launch capacity with nearly $225M, and a $2.3B Telesat contract uses already-secured Falcon 9 launches.
7 min readMDA Space Ltd. (TSX:MDA, NYSE:MDA) reported Q2 2026 results: revenues $498.6 million (+33.6% YoY), adjusted EBITDA $96.3 million (+26.2%), and adjusted net income $51.8 million (+12.9%). Backlog was $4.0 billion (+$310 million vs Q1). Operating cash flow and free cash flow were negative. 2026 guidance was narrowed: revenue $1.8-$1.9B and adjusted EBITDA $330-$370M.
6 min readCanada’s Defence Investment Agency (DIA) signed a C$2.3 billion contract (about $1.64 billion) with Telesat LEO ULC to provide secure military satellite communications across the Canadian Arctic. The deal is Telesat’s largest, funding 69 additional Lightspeed LEO satellites, expanding the planned constellation from 156 to 225. Telesat shares rose 47% to C$76.84; MDA Space rose over 13% to C$48.10.
6 min readMDA Space shares rose 13.34% on Aug. 4, 2026 after Telesat placed a follow-on order for additional MDA AURORA next-generation broadband satellites to expand the Telesat Lightspeed low-Earth-orbit constellation, according to the companies. The award supports expectations for backlog and long-term revenue visibility and highlights growth across defence, Earth observation, robotics and satellite systems.
6 min readTelesat Corp. said Canada selected it for a 15-year Arctic military satellite communications program, with two optional five-year extensions, worth up to C$2.7 billion. Telesat shares rose 32% to C$52.91 in New York; MDA Space shares rose 16% to C$49.04 in Toronto. The contract supports its Lightspeed low-Earth-orbit network and milestone payments starting Q3 2025.
4 min readOttawa’s Defence Investment Agency awarded Telesat LEO ULC a contract worth up to C$2.7 billion to expand Telesat’s Lightspeed low-Earth-orbit satellite network for Canadian Armed Forces secure Arctic communications. The 15-year deal starts in 2028 with two five-year options (~C$200 million each). Telesat shares rose 47% to C$76.84; MDA Space rose 13% to C$48.10.
6 min readCanada’s Defence Investment Agency awarded Telesat an initial $2.3B contract for the ESCP-P Arctic satellite communications project, with two options of about $214M and $218M. Telesat will expand its Lightspeed constellation from 156 to 225 satellites. MDA Space received a $474M follow-on manufacturing contract and expects most to enter backlog in Q3 2026.
6 min readMDA Space said it added $474 million to its contract with Telesat to build additional broadband satellites supporting the Canadian Armed Forces in the Arctic. Telesat is expanding its Lightspeed LEO network by 67 satellites to 225 fully funded. MDA will manufacture 27 more satellites. The federal government also named MDA primary contractor for a military MEO communications constellation, with terms to be disclosed.
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