MDA Space Ltd TSE: MDA stock News
On September 4, 2026, Kalkine CA designated MDA Space Ltd. (TSX: MDA) as a premier Canadian growth story in the space and defense sectors, following a 33.6% year--over--year revenue increase in the second quarter. The report highlights the company's robust C$4.0 billion backlog, which includes the C$688 million RADARSAT replenishment contract and the C$474 million Telesat Lightspeed expansion. Analysts emphasized that the company's strategic pivot toward high--margin sovereign imaging and defense contracts, combined with the US$620 million acquisition of Blue Canyon Technologies, positions it as a full--stack infrastructure provider. The report notes that investor focus is now shifting toward the efficiency of converting this extensive pipeline into free cash flow while managing acquisition--related leverage.