Tag: MDA Space
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MDA Space Wins Contract for Japan’s Next-Generation Defense Communications Satellite
MDA Space has secured a contract from Mitsubishi Electric Corporation to provide key technologies for Japan’s next-generation defense communications satellite, which will replace the country’s Kirameki-2 military communications satellite. Under the agreement, the Canadian space technology company will supply the satellite’s digital payload, antennas and a range of subsystems. Financial terms of the contract were…
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Japan Nears Decision on $2 Billion Domestic Direct-to-Device Satellite Network
Japan is expected to select a proposal this month for its planned J-LEO direct-to-device (D2D) satellite network, a government-backed initiative aimed at establishing a domestically owned and operated low Earth orbit (LEO) communications system. The Ministry of Internal Affairs and Communications (MIC) has allocated approximately $1 billion in subsidies for the project, covering up to…
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MDA Space to Acquire Blue Canyon Technologies for $620 Million
MDA Space has signed a definitive agreement to acquire Blue Canyon Technologies (BCT) from RTX’s Raytheon business in an all-cash transaction valued at $620 million, or approximately C$874 million. The acquisition is expected to strengthen MDA Space’s position in the growing U.S. government and defense space market while expanding its spacecraft manufacturing capabilities and operational…
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MDA Space advances Gateway robotic arm despite funding uncertainty
Will MDA Space complete the Gateway robotic arm amid funding uncertainty? MDA Space is pressing forward with development of the Canadarm3 robotic system for NASA’s lunar Gateway station while navigating ongoing discussions with the Canadian Space Agency about program continuity and funding levels. The Toronto-based contractor confirmed work continues on the 8.5-meter manipulator system despite…
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MDA Space Reports Record 2025 Revenue Driven by Satellite Systems Growth
MDA Space reported record revenue for fiscal year 2025, driven largely by strong demand in its satellite manufacturing business. The Ontario-based company posted annual revenue of CA$1.63 billion ($1.19 billion), representing a 51% increase from the previous year and landing at the upper end of its projected range of CA$1.5 billion to CA$1.65 billion. MDA…
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Telesat and MDA Sign MoUs With Hanwha Systems on Korea’s K-LEO Satellite Plans
Canadian space companies Telesat and MDA Space said on Monday they have signed separate memorandums of understanding with South Korea’s Hanwha Systems to explore cooperation related to Korea’s planned sovereign low-Earth orbit defense constellation, known as K-LEO. The announcements follow a collaboration agreement reached in November 2025 between the Canadian government and South Korea’s Defense…
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Janus Henderson to Make Strategic Investment in Starlab Space
Janus Henderson Group and Voyager Technologies said on Tuesday that the investment firm will take a strategic stake in Starlab Space, a commercial space station developer preparing to operate in low Earth orbit after the retirement of the International Space Station. Starlab Space, founded in 2021 and based in Houston, is a joint venture led…
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MDA Space Invests $10 Million in Maritime Launch Services to Support Canadian Spaceport Development
MDA Space, one of Canada’s largest space companies, has invested C$10 million ($7.1 million) in Maritime Launch Services (MLS), becoming both an equity holder and strategic partner in the company’s effort to establish sovereign orbital launch capabilities at Spaceport Nova Scotia. Shares of MDA rose about 1% on the Toronto Stock Exchange on Monday, closing…
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Voyager Technologies Taps Vivace to Build Starlab Space Station Structure
Voyager Technologies has selected Vivace Corporation to produce the primary structure of the Starlab commercial space station, the companies announced Wednesday. Vivace, an aerospace manufacturer serving NASA, United Launch Alliance, Rocket Lab, and Northrop Grumman, will carry out design-to-manufacture work and begin production at NASA’s Michoud Assembly Facility near New Orleans, Louisiana. Earlier this year,…
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MDA Space Raises Offer for SatixFy to $356 Million After Rival Bid Emerges
Canada’s MDA Space has increased its acquisition offer for Israeli satellite chipmaker SatixFy by 43% to approximately US$356 million after a rival bidder emerged during the deal’s “go-shop” period. The revised offer, announced May 20, raises the price to $3 per share from an initial $2.10 announced on April 1, a move that follows a…