MDA SPACE INAUGURATES HIGH-VOLUME SATELLITE MANUFACTURING FACILITY IN MONTRÉAL

Rhea-AI Summary

MDA (TSX: MDA, NYSE: MDA) inaugurated a 185,000-square-foot high-volume satellite manufacturing facility in Montréal on May 8, 2026, doubling its manufacturing floor space and enabling simultaneous assembly, integration and test of multiple MDA AURORA satellites.

The facility was completed in under two years, includes advanced automation, augmented reality, a proprietary test chamber, and sustainability features projected to generate 78,000 kWh annually. MDA says the site supports production capacity of up to 400 satellites per year and targets constellation-scale programs.

Positive

• Manufacturing space doubled with a 185,000-square-foot expansion
• Capacity for up to 400 satellites/year to support constellation programs
• Advanced automation and AR to speed assembly and improve efficiency
• Proprietary test chamber reduces validation time and strengthens QA
• Completed in under two years, indicating rapid project execution

Negative

• No financial metrics disclosed to quantify revenue or margin impact
• Execution risk remains for achieving sustained 400-satellite annual production
• Customer commitments undisclosed, limiting visibility into near-term backlog

Argus May 8 session

+1.05% close to close Open Argus

Details

News Market Reaction – MDA

On May 8, the day this news came out, MDA closed 1.05% above the previous close.

Data tracked by StockTitan Argus for the May 8 session.

Key Figures

Facility expansion size: 185,000 square feet Annual satellite capacity: 400 satellites per year Annual solar energy: 78,000 kWh

Facility expansion size

185,000 square feet

New Montréal high-volume satellite manufacturing expansion

Annual satellite capacity

400 satellites per year

Stated maximum constellation production capacity of new facility

Annual solar energy

78,000 kWh

Energy expected to be generated annually by facility’s solar panels

Historical Context

5 past events · Latest: May 05

5 events

1. May 05

   Customer commitments

   24h Move

   -1.2%

   Announced 9 early contracts and 32 letters of interest for CHORUS data.

2. Apr 20

   Constellation contract win

   24h Move

   -2.3%

   Repeat Airbus order for hundreds of antennas for OneWeb constellation extension.

3. Apr 14

   Earnings call advisory

   24h Move

   +3.3%

   Scheduled Q1 2026 results release, conference call, and annual meeting details.

4. Apr 13

   New platform launch

   24h Move

   +2.4%

   Unveiled MDA MIDNIGHT space control platform for protection of LEO assets.

5. Mar 24

   Program status update

   24h Move

   -10.4%

   Confirmed Canadarm3 contract unchanged despite NASA Artemis mission changes.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

augmented reality, beamforming, leed

3 terms

augmented reality technical

"Augmented reality and automated equipment aid technicians with repetitive tasks,"

Augmented reality is technology that layers computer-generated images, information or sounds onto your view of the real world through devices like phones, tablets or smart glasses — like seeing navigation arrows or product labels projected onto what you’re looking at. It matters to investors because it creates new ways to sell hardware, software, services and ads, can change customer engagement and recurring revenue models, and carries adoption and privacy risks that affect company value.

beamforming technical

"These software-defined, dynamic beamforming satellites provide a new level of"

Beamforming is a technology that steers wireless signals in a focused direction so devices receive stronger, clearer connections instead of spreading radio waves everywhere. Think of it like aiming a flashlight beam at a specific person rather than lighting an entire room: it boosts speed, range, and reliability while reducing interference. For investors, beamforming matters because it can improve product performance, enable new services, lower network costs, and create competitive advantages for companies selling chips, equipment, or connectivity services.

leed regulatory

"the facility is also designed to meet LEED standard certification, with features"

A LEED certification is a widely recognized rating that evaluates how energy-efficient and environmentally friendly a building is, like an energy- and sustainability report card for real estate. Investors care because higher ratings often mean lower operating costs, stronger tenant demand, potential tax or regulatory benefits, and better resale value — all of which can influence a property’s income and long-term return.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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• 185,000-square-foot expansion doubles MDA Space manufacturing floor space, enabling rapid delivery of flagship MDA AURORA^TM satellite product line
• Advanced automation, augmented reality, and proprietary test technology enable the delivery of large satellite constellations at speed and scale
• Satellite production is now underway at the state-of-the-art facility, completed in less than two years

MONTRÉAL, May 8, 2026 /PRNewswire/ - MDA Space Ltd. (TSX: MDA) (NYSE: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, inaugurated its new high-volume satellite manufacturing facility today in Montréal, marking a defining milestone in the company's growth as a satellite prime contractor. The 185,000-square-foot expansion was completed in under two years—from groundbreaking to operational clean rooms. One of the world's largest and most advanced satellite manufacturing facilities in its class, the new facility doubles the company's manufacturing floor space, providing MDA Space the capacity and capability to meet the growing global demand for advanced satellite constellations.

The facility is specially designed to simultaneously and continuously assemble, integrate and test multiple MDA AURORA^TM satellites, the company's flagship line of digital satellite products. Designed to meet the changing and highly competitive technical and business requirements of the industry, the fully integrated MDA AURORA™ portfolio provides satellite operators with exceptional flexibility and functionality. These software-defined, dynamic beamforming satellites provide a new level of performance and efficiency in space-based networks for customers.

A New Era in Canadian Space Manufacturing

Augmented reality and automated equipment aid technicians with repetitive tasks, significantly improving manufacturing efficiency to enable the delivery of satellites at speed and scale. In addition, MDA Space has developed a proprietary test chamber and has integrated advanced technology that reduce validation time and enhance quality assurance processes.

Beyond this expansion, the facility represents a fundamental shift in how MDA Space operates. New engineering and manufacturing processes, as well as performance data collection mechanisms, have been established to maximize efficiency and agility, building the operational foundation required to take on and deliver constellation programs and up to 400 satellites per year.

Involved in the development of Canada's first satellite in the early 1960s and its first commercial communications satellite a decade later, MDA Space continues to be at the forefront of space technology and is writing a new chapter in a long tradition of homegrown space innovation. 

Technologically advanced, the facility is also designed to meet LEED standard certification, with features that include a green roof, rainwater collection system and solar panels that will generate 78,000 kWh of energy annually.

Photography and b-roll available at: https://brandfolder.com/mda/media-kit-public

"This new high-volume manufacturing facility is a key part of our strategy to establish MDA Space as a leading prime contractor for satellite constellations. With connectivity needs and the geopolitical climate evolving, we now have the cutting-edge talent, technology and capacity to deliver reliable, secure solutions for commercial, civil and military customers rapidly."

—    Mike Greenley, CEO, MDA Space

"We've been designing and building advanced satellite technology for more than 60 years, contributing to Canada's role as a leading space faring nation. This new facility is a symbol of continuity, but also of change, as we expand our offering to respond to emerging market demand today. We wish to thank our partners who made it possible to achieve this milestone in less than two years."

—    Luigi Pozzebon, Vice-President, Satellite Systems, MDA Space

"The fact that MDA Space is today inaugurating one of the largest satellite manufacturing facilities in the world highlights and reinforces Canada's place at the leading edge of the space sector. This investment also means good jobs for Canadians, a stronger, more sovereign economy, and growing our world class advanced manufacturing capacity here at home."

—    Hon. Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions

"The inauguration of this new MDA Space facility is excellent news for all of Quebec. This project confirms that we have the talent, expertise and know-how needed to be a leading player in the global space industry. By investing in innovation and in high-quality specialized jobs, MDA Space is contributing directly to Quebec's economic vitality and international standing."

—    Bernard Drainville, Minister of Economy, Innovation and Energy

Forward-Looking Statements

This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects the company's current expectations regarding future events. Such forward-looking information includes, but is not limited to, the production capacity of this new high-volume satellite manufacturing facility as well as the ultimate performance and operational capabilities of the facility. 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.

SOCIAL MEDIA

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SOURCE MDA Space

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did MDA announce about its new Montréal facility on May 8, 2026?

MDA announced a 185,000-square-foot high-volume satellite manufacturing facility in Montréal. According to the company, it doubles manufacturing floor space, was completed in under two years, and supports simultaneous assembly, integration and test of multiple MDA AURORA satellites.

How many satellites per year can MDA produce at the new MDA (MDA) Montréal facility?

MDA states the facility supports production of up to 400 satellites per year. According to the company, new engineering, automation and test capabilities are intended to enable constellation-scale delivery and continuous multi-satellite throughput.

What technologies does MDA use in the new Montréal plant to speed satellite production?

The plant uses advanced automation, augmented reality for technicians, and a proprietary test chamber. According to the company, these technologies reduce validation time, improve quality assurance, and increase manufacturing efficiency.

When was the MDA Montréal manufacturing facility completed and how fast was construction?

The facility reached operational clean rooms in under two years from groundbreaking. According to the company, construction-to-operation was completed in less than two years, enabling fast ramp of production capacity.

What sustainability features does MDA's new Montréal facility include and what energy will they produce?

The facility is designed for LEED-standard features including a green roof, rainwater collection and solar panels. According to the company, the solar installation will generate approximately 78,000 kWh of energy annually.