Contract will see MDA design and build antennas and control electronics for 42 low Earth orbit satellites
BRAMPTON, ON (MDA PR) — MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced it has been awarded a contract from Lockheed Martin (NYSE: LMT) as part of the Space Development Agency (SDA) Tranche 1 Transport Layer (T1TL) program.
LONGUEIUL, Que. (CSA PR) — As humanity tackles the challenges of creating a permanent human presence on the Moon, multiple Canadian companies will undertake seven concept studies. These reports will help develop capabilities and define potential Canadian infrastructure contributions on the Moon’s surface.
Strong business activity with backlog growing to $1.52 billion, up 122% YoY
Steady revenue growth with revenues of $128.4 million, up 4% YoY
Solid profitability with EBITDA of $35.6 million (27.7% margin) and adjusted EBITDA excluding non-recurring items of $27.7 million (21.6% margin)
Key awards include Globalstar’s LEO constellation and Phase B of Canadarm3
Subsequent to quarter-end, MDA announced the redemption of its $150 million second lien notes and refinancing of its revolving credit facility
BRAMPTON, ON (MDA PR) – MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced financial results for the first quarter ended March 31, 2022 demonstrating strong order bookings, growing backlog and solid profitability.
Rocket Lab reported a $26.7 million first quarter loss on revenues of $40.7 million, with space systems such as satellites producing the majority of revenues rather than the launches for which the company is best known. Adjusted EBITDA loss for the quarter was $7.98 million.
Rocket Lab earned $34.1 million in revenues from space systems. That amount represented 84% of first quarter revenues, an increase of 1,873 percent from the first quarter of 2021.
Contract for robotic interfaces another important milestone as company brings full suite of commercial space products to market
BRAMPTON, ON (MDA Inc. PR) – MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced the first commercial sale of its Canadarm3 technology to Axiom Space. The contract is for the delivery of 32 external robotic interfaces for Axiom Space’s Axiom Station which is now under construction and on schedule to be the world’s first commercial space station in orbit.
BRAMPTON, ON & COLORADO SPRINGS, Colo. (MDA PR) — MDA Ltd. (TSX:MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced that it is working with Lockheed Martin and General Motors to integrate MDA’s commercial robotic arm technology on their planned human-rated lunar mobility vehicles.
Successfully launched 7 customer satellites onboard its LauncherOne rocket during the Above the Clouds mission on January 13, 2022, the company’s third successful launch.
Full year 2021 revenue increased to $7.4 million, up from $3.8 million in the prior year period.
Growing backlog of contracts, including selection by NASA’s launch service program to support the agency’s VADR missions.
Completed its going public transaction and began trading on the Nasdaq stock exchange on December 30, 2021.
LONG BEACH, Calif. (Virgin Orbit PR) — Virgin Orbit (Nasdaq: VORB) (“Virgin Orbit” or the “Company”), the responsive launch and space solutions company, today announced its financial results for the fourth quarter and full year ended December 31, 2021.
PARIS (ESA PR) — ESA is going to the Moon – in collaboration with its international partners – and seeks to build a lasting lunar link to enable sustainable space exploration.
The agency has now evaluated initial ideas to create a network of lunar telecommunications and navigation satellites.
Creating a commercial telecommunications and navigation service for the Moon will allow many of the dozens of planned lunar missions to share the same infrastructure to communicate with Earth, as well as to find their way on the lunar surface.
The service is needed because the planned missions are becoming regular trips to Earth’s natural satellite rather than one-off expeditions.
LONGUEUIL, Quebec, March 10, 2022 (CSA PR) — Canada is a global leader in the space robotics market thanks to strategic investments by the Government of Canada. Today the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced that Brampton-based company MacDonald, Dettwiler and Associates Ltd. (MDA) will receive $268.9 million to execute the second phase of Canadarm3. Through this design work, Canadian industry will push its capabilities and know-how in space robotics further than ever before.
HOUSTON, March 10, 2022 (OneWeb PR) — OneWeb Technologies, the premier provider of innovative and secure commercial satellite communications (SATCOM) application solutions, has named former astronaut Tim Kopra as President. In his new role, Tim will be responsible for leading the company’s growth as it continues to expand its partnerships and solve secure, mission-critical real-time connectivity challenges for the U.S. government, its allies, and global enterprise customers.
A dedicated leader with a passion for space innovation, Kopra was Vice President for Robotics and Space Operations at MDA immediately prior to joining OneWeb Technologies. Before that, he held various leadership and operational roles as an engineer and astronaut at NASA. Kopra lived and worked on board the International Space Station (ISS) during two spaceflights and served as ISS Commander during one of its missions. During his time with NASA, Kopra completed three spacewalks and spent 244 days in space.
State-of-the-art facility will be home to Canadarm3 and over 700 highly-skilled employees at the forefront of the global space economy
BRAMPTON, Ont. (MDA PR) — MDA Ltd. (TSX:MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today revealed details of its new purpose-built global headquarters and Space Robotics Centre of Excellence in Brampton, Ontario, a facility that will support the company’s ongoing growth and lay the groundwork for long-term success in the evolving commercial space robotics market.
Phase B preliminary design contract awarded to MDA as market demand for next-generation technology in the global space economy accelerates
BRAMPTON, Ont. (MDA PR) — MDA Ltd. (TSX:MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced that it is receiving $269M [USD $210.76 million] from the Canadian Space Agency (CSA) for the next phase of the Canadarm3 program.
The $143 million contract is the largest spacecraft bus order placed with Rocket Lab to date, encompassing the design and manufacture of 17 state-of-the-art spacecraft for Globalstar’s newest satellites
LONG BEACH, Calif., February 24, 2022 (Rocket Lab PR) — Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced that it has been awarded a subcontract by MDA Ltd (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, to lead the design and manufacture of 17 spacecraft buses for Globalstar’s new Low Earth Orbit satellites. Globalstar, Inc. (NYSE American: GSAT) is a leading provider of Mobile Satellite Services including customizable satellite IoT solutions for individuals and businesses globally.
TORONTO, February 9, 2022 – Magellan Aerospace Corporation (“Magellan”) announced today a contract award from MDA Ltd. (“MDA”) to provide spacecraft avionics for their next Earth observation mission named CHORUS. The new spacecraft builds on MDA’s RADARSAT heritage and will continue the work of RADARSAT-2, which remains operational serving its worldwide customer base. The avionics subsystems for CHORUS will be developed at Magellan’s Winnipeg facility, home of western Canada’s Advanced Satellite Integration Facility.
Magellan has expertise in the development of satellites buses and spacecraft avionics. In 2019, Magellan delivered three satellite buses for the Canadian Space Agency’s RADARSAT Constellation Mission under subcontract from MDA. These satellites, launched into orbit in June 2019, combine the Magellan satellite buses and the MDA C-band Synthetic Aperture Radar (SAR) payload.
BRAMPTON, Ont. (MDA PR) — MDA Ltd. (TSX:MDA), a leading provider of advanced technology and services to the rapidly-expanding global space industry, today announced a contract with an undisclosed US-based space company for a key landing sensor for a 2023 mission to the Moon. This award was made as part of the company’s project involving NASA’s Commercial Lunar Payload Services (CLPS) initiative.
“Momentum is building as governments and private sector organizations work hand in glove on a shared mission that will take us back towards the Moon and beyond,” said Mike Greenley, Chief Executive Officer of MDA. “MDA is proud to be part of that collaboration and we look forward to supporting the upcoming missions to the lunar surface where our robotics and sensor technologies will play an important enabling role.”