MDA Space Skymaker

News

MDA Space Raises Revenue Guidance

Lunar Gateway Close-up - Canadarm3

MDA Space reported record backlog of $4.6 billion, Q2 revenues up 23% to $242 million, EBITDA up 21%, and raised full-year revenue guidance. CEO Mike Greenley highlighted various contracts, including Canadarm3 and Globalstar. The company remains cash-flow positive amid strong market demand.

Read More »

Canada Announces that “Substantive Negotiations” Completed Towards a Technology Safeguards Agreement With the United States

Left to right: Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities; Steve Matier, CEO, Maritime Launch Services; and Mike Kelloway, Member of Parliament for Cape Breton—Canso, at the announcement of the Canada - United States Technology Safeguards Agreement.

In Halifax today, the Canadian government announced that years long negotiations towards a Technology Safeguards Agreement with the United States, needed for the "proper handling of sensitive U.S. technology" related to space launch technology, have concluded. The Technology Safeguards Agreement, effectively a treaty between the two countries, still needs to be ratified by both governments and signed before it comes into effect. The final review …

Read More »