MDA Space Ltd TSE: MDA stock News
On July 7, 2026, MDA Space Ltd. (TSX: MDA) confirmed that its strategic partnership with South Korea's Hanwha Systems for the K--LEO constellation remains in effect and unaffected by the Canadian government's selection of a different supplier for the Canadian Patrol Submarine Project (CPSP). A company spokesperson clarified that the Memorandum of Understanding (MOU) for the sovereign low--Earth orbit defense network was independent of the submarine procurement offsets. This announcement reinforces the stability of MDA's international defense backlog and its ongoing pursuit of the K--LEO program alongside South Korean partners.