Project UpdateJul 8, 2026, 04:18 PM
MDA Space Wins US$1.3B EchoStar Contract; Files Shelf Prospectus
AI Summary
MDA Space Ltd. has filed a short form base shelf prospectus, valid for 25 months, enabling the potential offering of various securities to provide flexibility in capital management. The company recently secured a significant US$1.3 billion contract from EchoStar for a new low Earth orbit direct-to-device satellite constellation. Additionally, MDA Space completed the acquisition of SatixFy Communications Ltd. and was awarded C$66 million in contracts by the Royal Canadian Navy for Uncrewed Aircraft Systems.
Key Highlights
- Awarded US$1.3 billion (C$1.8 billion) contract by EchoStar for D2D satellite constellation.
- Secured C$39 million acquisition contract for Royal Canadian Navy Uncrewed Aircraft Systems.
- Secured C$27 million in-service support contract for Royal Canadian Navy Uncrewed Aircraft Systems.
- Completed acquisition of SatixFy Communications Ltd. on July 2, 2025.
- Filed a short form base shelf prospectus, valid for 25 months.
- Prospectus allows offering of Common Shares, Preference Shares, Debt Securities, Subscription Receipts, Warrants, and Units.
- Company has 124,905,250 Common Shares issued and outstanding as of August 6, 2025.
- Common Shares listed on TSX under symbol "MDA", closing price C$46.18 on August 6, 2025.
Price Impact
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