MDA Space Awarded Contract by Canadian Space Agency
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2026
0mins
MDA Space has been awarded a contract by the Canadian Space Agency to supply an advanced, synthetic aperture radar satellite that will operate with the Radarsat Constellation Mission satellites. In addition to the space segment, the contract provides for launch and the enhancement of the satellite ground control, security and data management systems. This follows an initial $44.7M contract to procure and deliver long lead parts awarded in December of last year.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy MDA?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on MDA
Wall Street analysts forecast MDA stock price to rise
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 39.530
Low
Averages
High
Current: 39.530
Low
Averages
High
About MDA
MDA Space Ltd. is a space mission partner that operates in the global space industry. The Company’s expertise spans communications satellites, earth and space observation, and space exploration and infrastructure. It has three business areas: Satellite Systems, Robotics & Space Operations, and Geointelligence. In Satellite Systems, it partners on space communication missions across low earth orbit (LEO), medium earth orbit (MEO), and geosynchronous equatorial orbit (GEO), in addition to providing communication systems for human-rated spacecraft. In its Robotics & Space Operations business, it partners with customers in critical space infrastructure missions. As a Geointelligence mission partner, the Company is an owner, operator, and prime contractor for both earth orbit (EO) and space observation missions, in addition to providing key technologies and products. Its EO business includes the collection, processing and dissemination of earth imagery data from space.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
MDA Space Secures Satellite Contracts Worth $688M
- Contract Details: MDA Space has been selected by Mitsubishi Electric to design and manufacture the digital payload and subsystems for Japan's next-generation defense satellite, which will be added to the company's backlog in Q2 FY2026, highlighting its competitiveness in the international defense market.
- Canadian Space Agency Contract: MDA Space secured a $688 million contract from the Canadian Space Agency to supply an advanced radar satellite as part of the $1.01 billion RADARSAT+ program, covering the space segment, launch, and data management systems, further solidifying its position in the North American market.
- Technical Support: MDA will support core technology for anti-jamming payloads in the UK and assemble and test antenna solutions at its Montreal facility, ensuring efficient satellite operations and showcasing the company's R&D capabilities in high-tech fields.
- Market Sentiment Shift: Despite MDA stock gaining over 87% this year, retail investor sentiment has shifted from neutral to bearish in the past 24 hours, reflecting concerns about the company's future performance, which may impact stock price movements.
See More
MDA Space to Supply Digital Payloads for Japan's Defense
- Collaborative Opportunity: MDA Space will supply digital payloads, antennas, and subsystems for Japan's defense, marking a significant expansion into the international defense market and potentially increasing its market share in the Asia-Pacific region.
- Technological Advantage: By providing advanced communication technologies, MDA Space is expected to enhance Japan's defense communication capabilities, thereby strengthening its strategic position in regional security and addressing the growing defense demands.
- Market Potential: This collaboration not only opens new revenue streams for MDA Space but may also attract interest from other nations, further enhancing its influence in the global defense sector.
- Long-term Strategy: The partnership with Japan's defense aligns with MDA Space's long-term development strategy, aiming to boost its global competitiveness through technological innovation and international collaboration.
See More
MDA Space Partners with Mitsubishi Electric on New Satellite Program
- Contract Signing: MDA Space Ltd. has signed a contract with Mitsubishi Electric to design and manufacture digital payloads and subsystems for Japan's defense communication satellites, marking a significant deepening of collaboration in defense between the two nations.
- Technological Innovation: MDA Space will provide advanced anti-jamming multi-beam payload technology from its UK facility, featuring dynamic reconfiguration capabilities that are expected to significantly enhance the security and flexibility of Japan's satellite communications.
- Production and Testing: The MDA Space facility in Montréal will be responsible for manufacturing and testing advanced antenna solutions, ensuring quality control before shipment to Japan, which further strengthens the company's competitiveness in the international market.
- Strategic Importance: This collaboration not only enhances trade relations between Canada and Japan but also showcases MDA Space's critical role in global defense communication infrastructure, which is expected to lead to substantial order growth for the company.
See More
MDA Space Partners with Mitsubishi Electric on New Satellite Program
- Contract Signing: MDA Space Ltd. has signed a contract with Mitsubishi Electric to design and manufacture digital payloads and subsystems for Japan's defense communication satellite, marking a significant collaboration in the defense sector.
- Technical Support: MDA Space will provide advanced anti-jamming multi-beam payload technology from its UK facility, which features dynamic reconfiguration capabilities, enhancing the reliability of Japan's defense communication infrastructure in orbit.
- Production Base: The Montreal facility of MDA Space will manufacture and test advanced antenna solutions, ensuring quality control before shipping to Japan, thereby strengthening the company's competitive position in the international market.
- Strategic Importance: This collaboration not only bolsters trade relations between Canada and Japan but also showcases MDA Space's leadership in the global defense market, with expectations of significant revenue growth for the company.
See More
MDA Space Secures Contract for New SAR Satellite from Canadian Space Agency
- Contract Details: MDA Space has been awarded a contract by the Canadian Space Agency to supply a synthetic aperture radar satellite that will operate in conjunction with the RADARSAT Constellation Mission satellites, with the contract value yet to be disclosed.
- Technological Foundation: The new satellite will be based on MDA CHORUSTM technology, representing the company's fourth generation of Earth observation capabilities, aimed at enhancing satellite observation and data processing efficiency, thereby strengthening its competitive position in the aerospace market.
- Production and Testing: The satellite will be assembled, integrated, and tested at MDA Space's facility in Montréal, ensuring compliance with high aerospace quality standards, which will enhance customer trust and satisfaction.
- Future Outlook: This contract will be added to MDA Space's backlog in the second quarter of fiscal 2026, indicating the company's ongoing growth potential in the aerospace sector, particularly in satellite launches and enhancements to ground control systems.
See More
MDA Space Secures Contract for Next-Gen Satellite from Canadian Space Agency
- Contract Value and Scope: MDA Space has been awarded a contract by the Canadian Space Agency (CSA) to design, build, test, and launch a next-generation synthetic aperture radar (SAR) satellite, with an initial contract value of $44.7 million aimed at enhancing the existing Earth observation constellation.
- Technological Innovation and Application: The new satellite, based on MDA CHORUSTM technology, will feature day-night, all-weather broad surveillance capabilities and is expected to launch by the end of 2026, supporting critical Canadian needs in maritime safety and environmental monitoring.
- Strategic Investment and Market Impact: This contract is part of the Canadian government's $101.2 billion RADARSAT+ initiative, ensuring continuity of the RCM mission and bolstering Canada's sovereign Earth observation capabilities, thereby enhancing national security and emergency response capabilities.
- Production and Integration: The satellite will be assembled, integrated, and tested at MDA Space's facility in Montreal, with the contract expected to be added to the company's backlog in the second quarter of fiscal 2026, thereby strengthening its competitive position in the global space market.
See More
MDA Space Secures Satellite Contracts Worth $688M
- Contract Details: MDA Space has been selected by Mitsubishi Electric to design and manufacture the digital payload and subsystems for Japan's next-generation defense satellite, which will be added to the company's backlog in Q2 FY2026, highlighting its competitiveness in the international defense market.
- Canadian Space Agency Contract: MDA Space secured a $688 million contract from the Canadian Space Agency to supply an advanced radar satellite as part of the $1.01 billion RADARSAT+ program, covering the space segment, launch, and data management systems, further solidifying its position in the North American market.
- Technical Support: MDA will support core technology for anti-jamming payloads in the UK and assemble and test antenna solutions at its Montreal facility, ensuring efficient satellite operations and showcasing the company's R&D capabilities in high-tech fields.
- Market Sentiment Shift: Despite MDA stock gaining over 87% this year, retail investor sentiment has shifted from neutral to bearish in the past 24 hours, reflecting concerns about the company's future performance, which may impact stock price movements.
See More
MDA Space to Supply Digital Payloads for Japan's Defense
- Collaborative Opportunity: MDA Space will supply digital payloads, antennas, and subsystems for Japan's defense, marking a significant expansion into the international defense market and potentially increasing its market share in the Asia-Pacific region.
- Technological Advantage: By providing advanced communication technologies, MDA Space is expected to enhance Japan's defense communication capabilities, thereby strengthening its strategic position in regional security and addressing the growing defense demands.
- Market Potential: This collaboration not only opens new revenue streams for MDA Space but may also attract interest from other nations, further enhancing its influence in the global defense sector.
- Long-term Strategy: The partnership with Japan's defense aligns with MDA Space's long-term development strategy, aiming to boost its global competitiveness through technological innovation and international collaboration.
See More
MDA Space Partners with Mitsubishi Electric on New Satellite Program
- Contract Signing: MDA Space Ltd. has signed a contract with Mitsubishi Electric to design and manufacture digital payloads and subsystems for Japan's defense communication satellites, marking a significant deepening of collaboration in defense between the two nations.
- Technological Innovation: MDA Space will provide advanced anti-jamming multi-beam payload technology from its UK facility, featuring dynamic reconfiguration capabilities that are expected to significantly enhance the security and flexibility of Japan's satellite communications.
- Production and Testing: The MDA Space facility in Montréal will be responsible for manufacturing and testing advanced antenna solutions, ensuring quality control before shipment to Japan, which further strengthens the company's competitiveness in the international market.
- Strategic Importance: This collaboration not only enhances trade relations between Canada and Japan but also showcases MDA Space's critical role in global defense communication infrastructure, which is expected to lead to substantial order growth for the company.
See More
MDA Space Partners with Mitsubishi Electric on New Satellite Program
- Contract Signing: MDA Space Ltd. has signed a contract with Mitsubishi Electric to design and manufacture digital payloads and subsystems for Japan's defense communication satellite, marking a significant collaboration in the defense sector.
- Technical Support: MDA Space will provide advanced anti-jamming multi-beam payload technology from its UK facility, which features dynamic reconfiguration capabilities, enhancing the reliability of Japan's defense communication infrastructure in orbit.
- Production Base: The Montreal facility of MDA Space will manufacture and test advanced antenna solutions, ensuring quality control before shipping to Japan, thereby strengthening the company's competitive position in the international market.
- Strategic Importance: This collaboration not only bolsters trade relations between Canada and Japan but also showcases MDA Space's leadership in the global defense market, with expectations of significant revenue growth for the company.
See More
MDA Space Secures Contract for New SAR Satellite from Canadian Space Agency
- Contract Details: MDA Space has been awarded a contract by the Canadian Space Agency to supply a synthetic aperture radar satellite that will operate in conjunction with the RADARSAT Constellation Mission satellites, with the contract value yet to be disclosed.
- Technological Foundation: The new satellite will be based on MDA CHORUSTM technology, representing the company's fourth generation of Earth observation capabilities, aimed at enhancing satellite observation and data processing efficiency, thereby strengthening its competitive position in the aerospace market.
- Production and Testing: The satellite will be assembled, integrated, and tested at MDA Space's facility in Montréal, ensuring compliance with high aerospace quality standards, which will enhance customer trust and satisfaction.
- Future Outlook: This contract will be added to MDA Space's backlog in the second quarter of fiscal 2026, indicating the company's ongoing growth potential in the aerospace sector, particularly in satellite launches and enhancements to ground control systems.
See More
MDA Space Secures Contract for Next-Gen Satellite from Canadian Space Agency
- Contract Value and Scope: MDA Space has been awarded a contract by the Canadian Space Agency (CSA) to design, build, test, and launch a next-generation synthetic aperture radar (SAR) satellite, with an initial contract value of $44.7 million aimed at enhancing the existing Earth observation constellation.
- Technological Innovation and Application: The new satellite, based on MDA CHORUSTM technology, will feature day-night, all-weather broad surveillance capabilities and is expected to launch by the end of 2026, supporting critical Canadian needs in maritime safety and environmental monitoring.
- Strategic Investment and Market Impact: This contract is part of the Canadian government's $101.2 billion RADARSAT+ initiative, ensuring continuity of the RCM mission and bolstering Canada's sovereign Earth observation capabilities, thereby enhancing national security and emergency response capabilities.
- Production and Integration: The satellite will be assembled, integrated, and tested at MDA Space's facility in Montreal, with the contract expected to be added to the company's backlog in the second quarter of fiscal 2026, thereby strengthening its competitive position in the global space market.
See More
