MDA SPACE SELECTED BY MITSUBISHI ELECTRIC FOR NEXT-GENERATION DEFENCE COMMUNICATIONS SATELLITE PROGRAM

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).

Rhea-AI Summary

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.

Positive

• New defence communications satellite contract added to MDA Space Q2 2026 backlog
• Strengthens long-term relationship with Mitsubishi Electric and Japan Ministry of Defense
• Utilizes MDA UK digital payload technology and Montréal antenna manufacturing
• Expands use of MDA legacy deployable mechanisms for thrusters and reflectors
• Supports trade ties among the UK, Canada and Japan in defence space

Negative

• None.

Argus Jun 25 session

-4.15% close to close 0.9x rel. volume Open Argus

Details

News Market Reaction – MDA

On Jun 25, the day this news came out, MDA closed 4.15% below the previous close.

Data tracked by StockTitan Argus for the Jun 25 session.

Key Figures

Backlog timing: Q2 fiscal 2026

Backlog timing

Q2 fiscal 2026

New Mitsubishi Electric defence satellite contract added to backlog

Historical Context

5 past events · Latest: Jun 24

5 events

1. Jun 24

   Government satellite contract

   24h Move

   -2.9%

   Major $688M RADARSAT replenishment satellite contract added to Q2 2026 backlog.

2. Jun 15

   Subsidiary defence contract

   24h Move

   +2.3%

   49North wins $3.7M CSD contract tied to broader $74.4M RPAS deal.

3. Jun 12

   USAF contract renewal

   24h Move

   -8.3%

   49North secures USAF Global Procedure Designer IDIQ with $43M ceiling.

4. Jun 12

   Product software update

   24h Move

   -8.3%

   Updated Global Procedure Designer software to meet latest international flight standards.

5. Jun 02

   US defence constellation

   24h Move

   +1.0%

   Selection by BAE Systems to supply antennas for MEO EPOCH 2 constellation.

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

Key Terms

geostationary orbit, digital beamforming, analog repeater, multi-beam payload

4 terms

geostationary orbit technical

"replace DSN-2, also known as Kirameki-2, in geostationary orbit."

A geostationary orbit is a circular path about 35,786 kilometers above Earth’s equator where a satellite moves at the same speed as the planet’s rotation, so it appears fixed over one spot like a parked relay tower in the sky. For investors it matters because these orbits provide constant coverage for communications, broadcasting and weather services, are limited in supply and are tied to long-lived, revenue-generating assets and regulatory licenses.

digital beamforming technical

"multi-beam payload with digital beamforming that can be dynamically reconfigured"

Digital beamforming is a way to shape and steer radio or sound signals using software and fast computers instead of moving parts, like aiming many tiny flashlights so their beams combine to point in one direction. For investors, it matters because it improves signal quality, capacity and energy use in networks and devices, enabling better performance, lower costs and new services that can drive sales and competitive advantage.

analog repeater technical

"manufacture and test the advanced antenna solutions, including the analog repeater"

An analog repeater is an electronic device that receives, strengthens and retransmits continuous (non-digital) signals so they can travel farther without losing clarity, like a megaphone pushing a speaker’s voice down a long corridor. Investors care because these units are critical parts of telecom, broadcasting and industrial networks: they affect infrastructure costs, service quality and maintenance needs, and drive demand for equipment suppliers and service providers.

multi-beam payload technical

"advanced, anti-jamming, resilient multi-beam payload with digital beamforming"

A multi-beam payload is the set of radio transmitters and receivers on a satellite or airborne platform that can form and direct several independent signal beams to different geographic areas at the same time. Like a ceiling light with multiple adjustable heads, it lets one vehicle serve many customers or regions simultaneously, boosting capacity, coverage and flexibility — factors that influence potential revenue, customer reach and the cost of expanding services for investors.

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

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Multiple contracts for next-generation digital payload and other subsystems in the UK and in Montréal for the GEO satellite series supporting operations of the Japanese government.

TORONTO, June 25, 2026 /PRNewswire/ - MDA Space Ltd. (TSX: MDA) (NYSE: MDA), a trusted mission partner to the rapidly expanding global space industry, has been selected by Mitsubishi Electric Corporation (TOKYO: 6503) to design and manufacture the digital payload, antennas and various subsystems for the next-generation defence communications satellite program ordered by the Japan Ministry of Defense. This satellite program will replace DSN-2, also known as Kirameki-2, in geostationary orbit.

MDA Space in the UK will support the core technology for the advanced, anti-jamming, resilient multi-beam payload with digital beamforming that can be dynamically reconfigured in orbit. The MDA Space facility in Montréal will manufacture and test the advanced antenna solutions, including the analog repeater before shipping to Japan, where the assembly, integration and testing will be performed by Mitsubishi Electric.

The satellite will also be supported by MDA Space's legacy products for the deployable mechanism of thrusters and reflectors.

The announcement comes as the UK, Canada and Japan endeavour to strengthen their trade relationships. 

The contract will be added to MDA Space's backlog in the second quarter of fiscal 2026.

"It's an honour for us to once again be collaborating with long-time customer Mitsubishi Electric, this time to provide key technology for Japan's critical defence communication infrastructure," said Mike Greenley, CEO of MDA Space. "Our advanced dual-use technologies combined with the expertise and reach of our global satellite team ideally position MDA Space to respond to robust demand for sovereign missions with secure and flexible capabilities."

—    Mike Greenley, CEO, MDA Space

"Our partnerships with Canada and Japan are delivering real results, helping to build secure, resilient space infrastructure for modern defence. It's great to see UK capability at the centre of this, with MDA Space's UK facility providing the digital beamforming technology supporting Japan's future defence communications."

—    Liz Lloyd, UK Space Minister

"Today's MDA Space announcement shows what's possible when a global Canadian company and the Government of Canada work together to unlock new opportunities for Canadian businesses and workers. We are strengthening Canada's capacity to innovate and to compete in important markets such as Japan and advancing our commitment to trade diversification. Canada will continue to help businesses scale, innovate, and reach customers around the world. When we expand trade and investment opportunities, we create good jobs at home and ensure Canadian companies can succeed on the world stage."

—    Hon. Maninder Sidhu, Canada's Minister of International Trade

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 ultimate functionality and use of the digital payload, antennas and subsystems being supplied by MDA Space. 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.

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SOURCE MDA Space

FAQ

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

What did MDA Space (MDA) announce on June 25, 2026 about Mitsubishi Electric?

MDA Space announced it was selected by Mitsubishi Electric to design and manufacture the digital payload, antennas and subsystems for Japan’s next-generation defence communications satellite. According to MDA Space, the contract will be booked into its backlog in the second quarter of fiscal 2026.

How will the new MDA Space (MDA) contract with Mitsubishi Electric impact its backlog?

The new contract for Japan’s next-generation defence communications satellite will be added to MDA Space’s backlog in the second quarter of fiscal 2026. According to MDA Space, this expands committed work tied to advanced digital payloads, antennas and legacy deployable mechanisms for the replacement of DSN-2.

What role will MDA Space’s UK facility play in Japan’s new defence satellite program (MDA)?

MDA Space’s UK facility will support core technology for the advanced multi-beam digital payload. According to MDA Space, it will provide anti-jamming, resilient digital beamforming that can be dynamically reconfigured in orbit for Japan’s next-generation defence communications satellite program.

What work will MDA Space’s Montréal facility perform for the new MDA defence satellite contract?

The Montréal facility will manufacture and test advanced antenna solutions, including the analog repeater, before shipment to Japan. According to MDA Space, Mitsubishi Electric will then complete assembly, integration and testing, using these components in the new defence communications satellite replacing DSN-2.

Which Japanese defence satellite will the new MDA Space-supported program replace?

The new satellite program supported by MDA Space will replace DSN-2, also known as Kirameki-2, in geostationary orbit. According to MDA Space, its digital payload, antennas and deployable mechanisms will contribute to Japan’s future defence communications infrastructure through this replacement mission.

How does the new MDA Space (MDA) satellite contract relate to UK, Canada and Japan trade ties?

The announcement highlights deeper trade cooperation among the UK, Canada and Japan in space and defence. According to MDA Space and Canadian and UK officials, the project showcases UK digital beamforming capability and Canadian innovation while supporting Japan’s sovereign defence communications infrastructure.