
- 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.
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