Ottawa-based Telesat’s recent announcement that it had awarded a 198-craft order with fellow Canadian satellite builder MDA caused considerable surprise with the former Prime Contractor and favoured supplier Thales Alenia Space. By any measure, Telesat’s challenges with the Lightspeed constellation over the past few years has been to overcome some major bumps in the road, […]
Ottawa-based satellite operator Telesat has awarded the long-awaited prime contract for its Lightspeed 198 craft mega-constellation to MDA. Deployment will start in 2026. “By leveraging key technology advances, the redesigned enterprise-class network will achieve increased network efficiencies and enhanced flexibility to focus capacity – at dramatically reduced costs. Additionally, Telesat Lightspeed fully funded through global […]
The Canadian government is to invest C$1.2 billion (€0.81bn) into space robotics and satellite business MDA (the former Macdonald, Dettwiler & Associates) and perhaps best known for its Canadarm robotic device used on Space Shuttles. The announcement was made as part of Canada’s annual financial budget. “MDA is extremely pleased to see Canada take a […]
Canada-based space technology business MDA reported “strong top-line” growth for Q3 2022, with revenues at C$172 million (€125.6m), up 55 per cent y-o-y. Profitability was solid with EBITDA of C$38.8 million (up 22 per cent y-o-y). Perhaps even more importantly, the company’s backlog is up a very healthy 70 per cent to C$1.4 billion, an […]
Canada-based satellite component supplier MDA reports it is actively bidding on supplying several mega-constellations of satellites in addition to the contracts it has in place with Telesat’s broadband-by-satellite Lightspeed project and OneWeb. MDA’s CEO Mike Greenley says the company expects to see revenues of some C$800 million (€547.3m) from its Lightspeed contracts between this year […]
Satellite technology and services company MDA has reported an over-allotment of shares following on from its IPO. MDA Corp, the satellite builder formerly known as MacDonald, Dettwiler & Assoc, are perhaps better known as the builders of the Space Shuttle’s sophisticated ‘Canadarm’ robotic crane which is still used on the International Space Station MDA says […]
Space and satellite specialist MDA has announced its share price offer for the upcoming IPO. It will offer shares at C$14 per common share, with the target to raise approximately C$400 million. The offer will close on April 7th. The Toronto Stock Exchange has conditionally approved the listing of the Common Shares, subject to the […]
Canada’s MDA, the satellite builder formerly known as MacDonald, Dettwiler & Assoc – but perhaps better known as the builders of the Space Shuttle’s sophisticated ‘Canadarm’ robotic crane and still used on the International Space Station – is mounting an IPO. MDA, founded in 1969 (by Dr John MacDonald and Vern Dettwiler) also helped build […]