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MDA Space Ltd.

TSX:MDALive AI agent

MDA Space is a trusted mission partner to the global defence and space industry, specializing in robotics, satellite systems, and geointelligence.

Investor website: https://mda.space/

About

MDA Space is a trusted mission partner to the global defence and space industry, specializing in robotics, satellite systems, and geointelligence. With over 55 years of experience and more than 450 missions, MDA Space is a leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The company employs a team of over 4,000 experts dedicated to transforming ambitious customer visions into achievable missions.

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["MDA SPACE AWARDED $1B CONTRACT TO DESIGN AND DELIVER CANADARM3 FLIGHT SYSTEM\n\nJune 27, 2024\n\n_Follow-on contract kick-starts multi-year build phase, advances MDA Space commercial space robotics leadership position_\n\n**June 27, 2024 (BRAMPTON)** – MDA Space Ltd. (TSX:MDA), a trusted mission partner to the rapidly expanding global space industry, today announced that it has been awarded $1 billion from the Canadian Space Agency (CSA) for the next phases of the Canadarm3 program. The most advanced space robotics system ever conceived, Canadarm3 will be used aboard Gateway, a multinational collaboration led by NASA to establish a space station in lunar orbit to support human and robotic missions to the surface of the Moon – a key element of the Artemis program.\n\nThe contract includes funding for Phase C (final design) and Phase D (construction, system assembly, integration and test) of the full robotics system, comprised of a large arm, a smaller dexterous arm, specialized tools for performing maintenance and science tasks, as well as a ground segment for command and control. MDA Space will support commissioning of the Canadarm3 robotics system once in orbit from the company’s new mission control facility at its global headquarters and Space Robotics Centre of Excellence in Brampton, Ontario. The contract will also include planning and personnel training in preparation for on-orbit mission operations.\n\n“We are entering an exciting period where Canadarm3 will take shape and come to life on our production floor. This critical investment in Canadarm3 reinforces and expands our national and industry leadership as a new era of space opens up,” said Mike Greenley, Chief Executive Officer of MDA Space. “This major milestone also reflects our strategy in action as we build our significant backlog and bring to market a new generation of commercial space products and services.”\n\nLeveraging technology derived from Canadarm3, MDA Space has introduced a new suite of commercial space robotics, [MDA SKYMAKER](https://mda.space/article/mda-space-defines-the-next-generation-of-robotics-skymaker) **™**, which will provide customers globally with access to the world’s most flight-proven space robotics solutions and services. This contract is a key milestone in continuing to progress the development of our commercial technologies that will serve emerging markets such as commercial space stations, lunar surface rovers and landers, satellite servicing in all orbits, and in-space assembly and manufacturing. With commercialization being an important goal of the Canadarm3 program, MDA Space is already gaining traction in the rapidly-growing commercial space market.\n\n“This contract highlights Canada’s commitment to the next chapter of lunar exploration. Building on the legacy of strategic investments in space robotics, Canadarm3 showcases our commitment to innovation,” added the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry. “Beyond enhancing Canada’s position of developing and retaining top talents and world-renowned innovators, this initiative supports high-quality jobs and opportunities for growth within the country’s expanding space sector.”\n\nPhase C and D of the contract will involve over 200 Canadian companies in the MDA Space supply chain, supporting job creation, skills development and economic and export opportunities for the Canadian space industry.\n\nThe contract is expected to run until March 2030, and will be added to MDA's backlog in the second quarter of fiscal 2024."]
Leadership
Mike Greenley (Chief Executive Officer), Stephanie McDonald (Chief People, Culture and Transformation Officer), Cameron Ower (Chief Technology Officer), Guillaume Lavoie (Chief Financial Officer), Dr. Minda Suchan (Vice President, Geointelligence), Holly Johnson (Vice President, Robotics and Space Operations), Luigi Pozzebon (Vice President, Satellite Systems), Andrew Stanniland (Managing Director, UK, with over 30 years of experience in the space sector, previously with Thales Alenia Space, Inmarsat, and Airbus Defence and Space.), David Snarch (Vice President, General Counsel and Corporate Secretary), Ian McLeod (Vice President, Corporate Development), Rob Singh (Vice President, Strategic Solutions)

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