MDA News & Events

MDA Space announced that, in connection with its recently completed marketed public offering of common shares of MDA Space, the underwriters have exercised their over-allotment option to purchase an additional 1,344,071 Common Shares at the price to public of $30.50 per Common Share for additional aggregate gross proceeds to the Company of approximately $41M. The exercise of the over-allotment option increases the total gross proceeds of the Offering to approximately $341M.The Offering was conducted through a syndicate of underwriters led by J.P. Morgan and RBC Capital Markets, as joint lead active bookrunners, and BMO Capital Markets, Deutsche Bank Securities, Jefferies, Scotiabank, and Canaccord Genuity, as joint active bookrunners.

MDA Space announced that it has been contracted by Canada's Defence Investment Agency to deliver three Ground-Based Optical observatories as part of the Surveillance of Space 2 space domain awareness program to the Department of National Defence. Valued at approximately $32M, as part of the contract MDA Space will also operate and provide in-service support to ensure long-term sustainment of the ground stations. The DND is modernizing Canada's continental defence capabilities to address new and emerging threats to critical space infrastructure. Once delivered, the new GBO observatories will provide additional defence capabilities to Canada's existing Sapphire satellite which currently enables the Canadian Armed Forces to detect, track, characterize and monitor objects in deep space. Through this contract, by 2028, MDA Space will establish three remotely operated GBO observatories in Alberta, Manitoba and New Brunswick.