MDA Space secures over $100 million contract to supply digital antenna subsystems for 66 EU IRIS² satellites
MDA Space announced an authorization‑to‑proceed agreement with Thales Alenia Space to deliver its AURORA broadband digital phased‑array antennas and controllers for 66 Layer 1 IRIS² satellites. The satellites are part of the EU Secure Connectivity Programme and are scheduled for launch in 2029. The agreement, valued at more than $100 million, will be recorded in MDA’s backlog in the fourth quarter of fiscal 2026, pending final contract signing. CEO Mike Greenley said the deal is a landmark moment for the company’s technology.
Why it matters
The contract adds over $100 million to MDA’s backlog, which could translate into future revenue once the satellites are built and launched (the company notes the backlog inclusion in Q4 2026). Analysts may view the deal as a boost to MDA’s growth prospects in the European sovereign‑space market.
Key facts
- 1The agreement is valued at more than $100 million. prnewswire.com
- 2MDA will supply digital phased‑array antennas and antenna controllers for 66 IRIS² satellites. investing.com
- 3The IRIS² satellites are scheduled for launch in 2029. stocktitan.net
- 4The contract will be included in MDA’s backlog in the fourth quarter of fiscal 2026. prnewswire.com
- 5Mike Greenley is the CEO of MDA Space. stocktitan.net
- 6Thales Alenia Space is a joint venture of Thales (67% stake) and Leonardo (33% stake). investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.