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MDA Space is evolving into a full-stack space infrastructure company, leveraging internal innovation and strategic acquisitions. Q2 showed robust 34% YoY revenue growth and a surge in bookings, despite mild margin contraction and a YoY backlog decline. Guidance for 2026 revenue was raised, but still signals near-term sluggishness; the long-term demand outlook is improving with significant contract wins.

MDA Space is upgraded from buy to strong buy, driven by robust organic and inorganic growth. Q2 revenue surged 34% with a 1.6x book-to-bill ratio, and backlog rebounded to C$4.4 billion pro forma. Pending acquisitions of Blue Canyon Technologies and CLS expand US defense access and geointelligence but introduce debt, dilution, and integration risk.

LONG BEACH, Calif., Aug. 16, 2026 (GLOBE NEWSWIRE) -- Rocket Lab Corporation (Nasdaq: RKLB), a global leader in launch services and space systems, today announced the successful launch of eight advanced satellite platforms the Company built for MDA Space (TSX: MDA; NYSE: MDA), prime contractor for the replenishment of Globalstar's (Nasdaq: GSAT) existing constellation, which provides direct-to-device communications services and IoT applications from orbit.

First set of eight satellites for Globalstar 2-R mission deployed to low Earth orbit on a SpaceX Falcon 9 rocket, marking the beginning of the commissioning phase TORONTO, Aug. 16, 2026 /PRNewswire/ -- MDA Space Ltd. (TSX: MDA) (NYSE: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, confirms the successful deployment of the initial eight replenishment satellites for Globalstar Inc.'s (NASDAQ:GSAT) existing low Earth orbit (LEO) constellation.

New control centre marks a major milestone in operational readiness as momentum builds for constellation's launch in late 2026 MONTRÉAL, Aug. 11, 2026 /PRNewswire/ -- MDA Space Ltd. (TSX:MDA) (NYSE:MDA), a trusted mission partner to the global defence and space industry, today officially opened the MDA CHORUS™ Control Centre in St-Bruno-de-Montarville, Québec, on the south shore of Montréal.

MDA Space TSE: MDA reported second-quarter revenue growth of 34% and raised the midpoint of its 2026 revenue and adjusted EBITDA outlook, citing broad-based demand across its satellite systems, robotics and space operations, and geointelligence businesses.

Appointments bring additional manufacturing, telecommunications and satellite expertise to support company's next phase of growth. TORONTO, Aug. 7, 2026 /PRNewswire/ -- MDA Space Ltd.

Backlog of $4.0 billion at quarter-end increased $310 million compared to Q1 2026 Revenues of $499 million, up 34% YoY Adjusted EBITDA1 of $96 million, up 26% YoY; Adjusted EBITDA margin1 of 19.3% Adjusted net income1 of $52 million, up 13% YoY Operating cash flow of $(93)million; Free cash flow 1 of $(150) million Net cash1 position of $153 million at quarter-end; Total liquidity of $1.1 billion Increased midpoint of 2026 Revenue and Adjusted EBITDA guidance TORONTO, Aug. 7, 2026 /PRNewswire/ -- MDA Space Ltd. (TSX: MDA) (NYSE: MDA), a trusted mission partner to the rapidly expanding global space industry, today announced its financial results for the second quarter ended June 30, 2026.
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