MDA SPACE SELECTED BY BAE SYSTEMS FOR U.S. SPACE SYSTEMS COMMAND MEO EPOCH 2 CONSTELLATION

Rhea-AI Summary

MDA Space (TSX/NYSE: MDA) has been selected by BAE Systems to design and build antennas and control electronics for the U.S. Space Systems Command MEO EPOCH 2 missile warning and tracking constellation.

The contract, added to MDA Space's backlog in Q1 FY 2026, is expected to be completed in 2027.

AI-generated analysis. Not financial advice.

Positive

• New contract added to MDA Space backlog in Q1 fiscal 2026
• Selection by BAE Systems for SSC MEO EPOCH 2 constellation
• Follow-on work building on EPOCH 1 and SDA Tranche 0, 1, 2 programs
• Contract work scheduled through 2027, supporting multi-year revenue visibility

Negative

• None.

News Market Reaction – BAESY

-0.99%

1 alert

-0.99% News Effect

On the day this news was published, BAESY declined 0.99%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Contract added period: Q1 fiscal 2026 Expected completion year: 2027 Tranche count: Tranche 0, 1 and 2 +1 more

4 metrics

Contract added period Q1 fiscal 2026 Contract added to MDA Space backlog in first quarter of fiscal 2026

Expected completion year 2027 Work on the contract expected to be completed in 2027

Tranche count Tranche 0, 1 and 2 Prior work on Tranche 0, 1 and 2 Transport and Tracking layers

Epoch constellations EPOCH 1 and 2 Involvement in SSC’s EPOCH 1 constellation and MEO EPOCH 2 program

Market Reality Check

Price: $102.90 Vol: Volume 305,892 is 20% abo...

normal vol

$102.90 Last Close

Volume Volume 305,892 is 20% above the 20-day average of 254,689. normal

Technical Price at 103.75 is trading below the 200-day MA of 105.42.

Peers on Argus

BAESY is down 5.09% while key Aerospace & Defense peers like SAFRY, RYCEY, EADSY...

BAESY is down 5.09% while key Aerospace & Defense peers like SAFRY, RYCEY, EADSY, FINMY, and THLLY are modestly negative (between about -0.4% and -1.7%), indicating BAESY’s move is larger than typical peer softness.

Market Pulse Summary

This announcement highlights BAE Systems’ role in the MEO EPOCH 2 constellation, with MDA Space supp...

Analysis

This announcement highlights BAE Systems’ role in the MEO EPOCH 2 constellation, with MDA Space supplying antennas and control electronics for resilient missile warning and tracking missions. The work, added to backlog in Q1 fiscal 2026 and expected to complete in 2027, builds on prior low Earth orbit and EPOCH 1 programs. Investors may watch for future disclosures on contract size, margin impact, and how this contributes to long-term defense space positioning.

Key Terms

medium earth orbit, low earth orbit, constellation, missile defence architecture, +2 more

6 terms

medium earth orbit technical

"design and build antennas and control electronics for medium Earth orbit (MEO)"

Medium Earth orbit (MEO) is the band of space between low Earth orbit and geostationary orbit, roughly from about 2,000 km up to 35,786 km above Earth. It’s where many navigation and communications satellites operate because it balances coverage area, signal delay and satellite lifetime—think of it as the middle floor of a multi-story building where you trade proximity for broader reach. Investors care because a satellite’s orbit affects service quality, launch and replacement costs, regulatory needs and competitive positioning of space-related businesses.

low earth orbit technical

"Space Development Agency's low Earth orbit Proliferated Warfighter Space Architecture"

Low Earth orbit (LEO) is the region of space close to Earth, roughly from about 160 to 2,000 kilometers above the surface, where satellites and spacecraft circle the planet quickly—think of it as a busy highway just overhead. It matters to investors because many communications, imaging and data services rely on satellites in LEO; their shorter lifespans, lower launch costs, crowded lanes and debris risks directly affect the cost, revenue potential and operational risks of companies that build, launch or use these satellites.

constellation technical

"U.S. Space Systems Command (SSC) MEO EPOCH 2 Constellation program"

A constellation is a group of interconnected companies or assets that move together because they are affected by similar factors or industry trends. For investors, understanding these groupings helps identify patterns, manage risks, and spot opportunities by seeing how different parts of the market are linked and influenced by common forces.

missile defence architecture technical

"A key component of the U.S. multi-orbit missile defence architecture"

A missile defence architecture is the organized set of sensors, interceptors, command centers and rules that detect, track and defeat incoming missiles—like a layered home security system with cameras, alarms and response teams working together. Investors care because decisions about building, upgrading or buying components for that system drive government contracts, defense industry revenues, supply-chain demand and geopolitical spending risks that can affect company profits and stock prices.

hypersonic weapons technical

"focused on warning and tracking of advanced ballistic and hypersonic weapons"

Hypersonic weapons are missiles or glide vehicles that fly at extremely high speeds—typically more than five times the speed of sound—and can change course while in flight. They matter to investors because they drive government defense budgets, create demand for advanced materials and electronics suppliers, and can shift geopolitical risk and export controls; think of them as ultra-fast delivery systems that make warning time and defense planning much harder.

antenna control electronics technical

"design and build antennas and antenna control electronics for the MEO"

Antenna control electronics are the electronic systems that steer, stabilize and manage an antenna’s position and signal flow so it can reliably send and receive radio or satellite communications. Think of it as the steering, brakes and control panel for an antenna: it keeps the antenna pointed at the right target, tracks moving signals and maintains signal quality. Investors care because these modules determine performance, reliability, manufacturing cost and competitiveness in communications, aerospace and defense contracts.

AI-generated analysis. Not financial advice.

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As a proud industry partner, MDA Space is leveraging its commercial innovation to deliver critical payload technologies that will enhance the resilience and capabilities of the U.S. Space Force's missile warning and tracking national security mission. The contract will see MDA Space design and build antennas and control electronics for medium Earth orbit (MEO) national security satellites.

 TORONTO, June 2, 2026 /PRNewswire/ - MDA Space Ltd. (TSX: MDA) (NYSE: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, has been selected by BAE Systems, Inc. (NYSE: BAESY) as part of the U.S. Space Systems Command (SSC) MEO EPOCH 2 Constellation program. 

A key component of the U.S. multi-orbit missile defence architecture, Epoch 2 is focused on warning and tracking of advanced ballistic and hypersonic weapons. MDA Space will design and build antennas and antenna control electronics for the MEO Resilient Missile Warning & Tracking (RMWT) satellites to be produced by BAE Systems.

This award is a continuation of previous work by MDA Space on the Space Development Agency's low Earth orbit Proliferated Warfighter Space Architecture Tranche 0, 1 and 2 Transport and Tracking layers, and the SSC's EPOCH 1 constellation, for multiple prime contractors.

"Being tapped by BAE Systems for the SSC's missile warning satellite constellation affirms our capabilities in delivering reliable satellite solutions for critical defence missions," said Mike Greenley, CEO of MDA Space. "As governments worldwide boost their national security spending and invest in the space domain, our robust product portfolio, expertise and advanced high-volume production infrastructure set MDA Space apart to meet the growing demand and keep our partners safe today and into the future."

The contract was added to MDA Space's backlog in the first quarter of fiscal 2026, and the work is expected to be completed in 2027.

FORWARD-LOOKING STATEMENTS
This press release contains forward-looking information within the meaning of applicable securities legislation, which reflects MDA Space's current expectations regarding future events. Such forward-looking information includes, but is not limited to, the ultimate completion of work and delivery of goods to MDA Space's customer and the conversion of backlog into revenue in connection with this contract. Forward-looking statements are based on certain assumptions and analyses made by MDA Space in light of management's experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to risks and uncertainties and other factors which may cause the actual results, performance or achievements of MDA Space to differ materially from those anticipated in such forward-looking statements for a variety of reasons, including without limitation the risks and uncertainties detailed under the "Risk Factors" section of MDA Space's annual information form dated March 4, 2026.

Although MDA Space believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect and there can be no assurance that actual results will be consistent with the forward-looking statements. There are a number of additional risks and uncertainties affecting or that could affect MDA Space, which could cause actual results and developments to differ materially from those described in, expressed or implied by these forward-looking statements. Accordingly, readers should not place undue reliance on any forward-looking statements or information included within this press release. These forward-looking statements speak only as of the date of this news release. Except as required by law, MDA Space is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

ABOUT MDA SPACE
Building the space between proven and possible, MDA Space (TSX:MDA; NYSE:MDA) is a trusted mission partner to the global defence and space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The global MDA Space team of more than 4,000 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission — bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that's been in our DNA since day one. For those who dream big and push boundaries on the ground and in the stars to change the world for the better, we'll take you there. For more information, visit mda.space.

ABOUT BAE SYSTEMS
BAE Systems, Inc.and our nearly 41,500 people are part of a global defense, aerospace, and security company with more than 110,000 employees worldwide. We design, build and deliver a full range of products and services for air, land, sea, space and cyberspace, as well as advanced electronics, intelligence, security, information technology solutions and support services. Our dedication shows in everything we do for our customers. Guided by a performance-driven culture of innovation and collaboration, our ambitious teams push the limits of possibility to protect those who protect us.

SOCIAL MEDIA
LinkedIn:      linkedin.com/company/mdaspace
X:                 twitter.com/MDA_space
Facebook:    facebook.com/MDAspace
YouTube:      youtube.com/c/mdaspace
Instagram:    instagram.com/MDA_space 

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SOURCE MDA Space

FAQ

What contract did MDA Space (MDA) receive for the U.S. Space Systems Command MEO EPOCH 2 constellation?

MDA Space was selected to design and build antennas and antenna control electronics for SSC’s MEO Resilient Missile Warning & Tracking satellites. According to MDA Space, this work supports the U.S. multi-orbit missile defence architecture focused on advanced ballistic and hypersonic threats.

How does the new MEO EPOCH 2 contract fit into MDA Space (MDA) backlog and timeline?

The MEO EPOCH 2 contract was added to MDA Space’s backlog in the first quarter of fiscal 2026. According to MDA Space, the work associated with this award is expected to be completed in 2027, providing multi-year program visibility.

What role will MDA Space (MDA) play in the U.S. Space Force missile warning and tracking mission?

MDA Space will supply antennas and control electronics that support missile warning and tracking from medium Earth orbit. According to MDA Space, these payload technologies are intended to enhance resilience and capabilities for the U.S. Space Force’s national security mission.

How does the MEO EPOCH 2 award build on previous MDA Space (MDA) programs?

The award continues MDA Space’s work on the Space Development Agency’s LEO Proliferated Warfighter Space Architecture Tranche 0, 1 and 2, and SSC’s EPOCH 1 constellation. According to MDA Space, this history spans transport and tracking layers for multiple prime contractors.

Why is MDA Space’s selection by BAE Systems for MEO EPOCH 2 important for investors in MDA?

Selection by BAE Systems highlights ongoing demand for MDA Space’s satellite payload technologies in defence markets. According to MDA Space, its product portfolio and high-volume production infrastructure support growing global national security spending in the space domain.