DealsJun 24, 2026, 08:26 AM
MDA Space Wins $688M Contract for Canadian Replenishment Satellite
AI Summary
MDA Space Ltd. has secured a significant $688 million contract from the Canadian Space Agency (CSA) to supply an advanced synthetic aperture radar (SAR) replenishment satellite. This satellite will enhance the existing RADARSAT Constellation Mission (RCM) and includes provisions for launch, ground control, security, and data management system upgrades. The new satellite will leverage MDA CHORUS™ technology and is part of Canada's $1.012 billion RADARSAT+ portfolio aimed at bolstering sovereign Earth observation capabilities.
Key Highlights
- MDA Space awarded $688M contract by Canadian Space Agency (CSA).
- Contract is for a next-generation synthetic aperture radar (SAR) replenishment satellite.
- Satellite will operate with the existing RADARSAT Constellation Mission (RCM) satellites.
- Includes launch services and enhancements to ground control, security, and data management systems.
- Follows an initial $44.7M contract for long-lead parts awarded in December.
- Satellite will be based on MDA CHORUS™ technology, the company's fourth generation of Earth observation capabilities.
- Assembly, integration, and testing will occur at MDA Space's Montréal facility.
- Contract will be added to MDA Space's backlog in Q2 fiscal 2026.
Price Impact
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