MDA Space Ltd TSE: MDA stock News
On June 30, 2026, the Canadian government officially announced a CA$688 million contract awarded to MDA Space Ltd. (TSX: MDA) for the design, construction, and launch of a replenishment satellite for the RADARSAT Constellation Mission (RCM). Industry Minister Mélanie Joly confirmed the award, which leverages MDA's fourth--generation CHORUS bus technology to ensure the continuity of sovereign Earth observation data and Arctic surveillance. This contract is a key component of the federal RADARSAT+ initiative and will be added to the company’s Q2 2026 backlog, providing significant long--term revenue visibility.