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MDA Space (TSX/NYSE: MDA) will supply Telesat LEO ULC, part of Telesat (Nasdaq/TSX: TSAT), with additional MDA AURORA™ broadband satellites as Telesat expands its Lightspeed low Earth orbit constellation. Telesat is increasing its fully funded LEO satellites by 69, from 156 to 225.
For MDA Space, this adds 27 satellites to its previously announced 198 Lightspeed satellites and raises the total contract value by $474 million, including 500 MHz of military Ka-band upgrades and long-lead items. Most of this increase is expected to enter MDA Space’s backlog in Q3 2026.
The Government of Canada also selected MDA Space as prime contractor for the ESCP-P UHF and X-band MEO constellation, with Telesat as subcontractor and contract details to follow.
MDA Space (TSX: MDA, NYSE: MDA) announced that its UK business has received a Pre-Authorisation to Proceed (PATP) contract from OHB System AG to supply critical lunar landing sensors for the European Space Agency’s Argonaut spacecraft.
The PATP allows MDA Space to immediately start engineering work and procure long-lead items in the UK, with support from the UK Space Agency, ahead of an anticipated full contract with OHB. Under that definitive agreement, MDA Space is expected to deliver two flight units of its UK-developed LEIA LiDAR sensor for Argonaut’s inaugural lunar mission. LEIA will form a central part of the Hazard Detection and Avoidance system, providing real-time 3D terrain mapping over a 40-degree field of view to autonomously identify safe landing zones regardless of lighting conditions.
MDA Space (TSX:MDA, NYSE:MDA) will release its second quarter 2026 financial results before market open on Friday, August 7, 2026. Management will host an earnings conference call and webcast at 8:30 a.m. ET with live phone access and online streaming.
A replay of the webcast will be available on the MDA Space investor relations website for 12 months, and an audio replay of the call will be accessible by phone for one week, until August 14, 2026, using the published dial-in numbers and passcode.
MDA Space (TSX: MDA; NYSE: MDA) closed its previously announced upsized bought deal offering of common shares in Canada and the United States. The company issued 23,000,000 common shares at US$35.60 per share, generating aggregate gross proceeds of approximately US$819 million.
MDA Space granted underwriters a 30‑day over‑allotment option to purchase up to an additional 15% of the shares at the same price. According to MDA Space, net proceeds will help fund the cash portion of its acquisition of about 70% of Collecte Localisation Satellites and may also be used to repay CLS indebtedness and related fees and expenses.
MDA Space (TSX:MDA, NYSE:MDA) increased its previously announced bought deal offering to 23,000,000 common shares at US$35.60 per share, for gross proceeds of about US$819 million. Underwriters also have a 15% over-allotment option, exercisable within 30 days of closing.
MDA Space plans to use net proceeds mainly to fund the cash portion of its acquisition of about a 70% interest in Collecte Localisation Satellites (CLS), and potentially to repay CLS debt or pursue broader growth initiatives. Closing is expected around July 14, 2026, subject to customary conditions and TSX/NYSE approvals.
MDA Space (TSX:MDA)(NYSE:MDA) agreed to a bought deal offering of 20,000,000 common shares at US$35.60 per share, for gross proceeds of US$712 million. Underwriters hold a 15% over-allotment option.
Net proceeds are intended mainly to help fund a ~70% acquisition of CLS, repay CLS debt or support MDA Space’s broader growth strategy. Closing is expected around July 14, 2026, subject to customary conditions and NYSE/TSX approvals.
MDA Space (TSX:MDA)(NYSE:MDA) entered a firm offer to acquire about 70% of CLS, an AI-driven Earth observation and satellite IoT provider, for approximately €567 million (C$920 million) in cash.
CLS is expected to generate 2026 revenue of about €286 million, growing 22% annually since 2023, with EBITDA margins aligned to MDA Space’s 18–20% outlook.
The deal would create a vertically integrated Geointelligence business, add 14,000 customers in ~150 countries and 1,200 employees, and is expected to double MDA Space’s recurring revenue, be accretive to Adjusted EBITDA and EPS in year one, and contribute positively to free cash flow while increasing capital expenditures by about 10%. Closing is targeted by late 2026 or early 2027, subject to regulatory approvals and French employee consultation procedures.
MDA Space (TSX/NYSE: MDA) was selected by Mitsubishi Electric to design and manufacture the digital payload, antennas and subsystems for Japan’s next-generation defence communications satellite replacing DSN-2 (Kirameki-2).
MDA facilities in the UK and Montréal will supply key technologies, with the contract added to MDA’s Q2 2026 backlog.
MDA Space (TSX:MDA, NYSE:MDA) received a $688M contract from the Canadian Space Agency to design, build, test, launch and commission a next-generation synthetic aperture radar satellite for the RADARSAT Constellation Mission.
The deal includes launch services, ground control, security and data systems upgrades, and will be added to MDA Space's backlog in Q2 2026.
MDA Space (TSX:MDA, NYSE:MDA) signed a definitive agreement to acquire 100% of US-based Blue Canyon Technologies for US$620 million in cash, subject to adjustments. BCT adds a profitable, cash-generating spacecraft and satellite component business with over 85 spacecraft launched and 3,500+ products on orbit.
The deal is fully financed with senior secured debt and expected to close by end of 2026, pending approvals. It adds about US$3.5B to MDA Space’s opportunity pipeline, expands its US defence market footprint, and is expected to be accretive to Adjusted EBITDA and Adjusted EPS in 2027.