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MDA APPLAUDS THE GOVERNMENT OF CANADA FOR COMMITMENT TO INVEST IN SPACE
MDA APPLAUDS THE GOVERNMENT OF CANADA FOR COMMITMENT TO INVEST IN SPACE Canada NewsWire...
About this update from Mda Space Ltd
[{"type":"text","content":"\n \n \n \n MDA APPLAUDS THE GOVERNMENT OF CANADA FOR COMMITMENT TO INVEST IN SPACE\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n BRAMPTON, ON\n \n \n ,\n \n \n March 28, 2023\n \n \n /CNW/ - MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, issued the following statement regarding space commitments announced today in\n \n Canada's\n \n 2023 federal budget:\n \n \n \n \n \n \n \n \n \n \"MDA is extremely pleased to see\n \n Canada\n \n take a giant leap in the rapidly-growing space economy with a significant commitment to a new flagship robotics mission to the surface of the Moon. The\n \n $1.2 billion\n \n investment towards a Canadian lunar utility vehicle sends a loud and important signal to the global commercial and government space community that\n \n Canada\n \n is open for business and intends to aggressively compete to secure our share of this advanced tech innovation market and the high quality jobs it will create.\n \n \n We also applaud\n \n Canada\n \n for extending its funding commitment to the International Space Station, a critical platform for space exploration, global collaboration, industrial development and innovation, in addition to providing additional technology development funding for the next phase of the Lunar Exploration Accelerator Program.\n \n \n As the Earth to Moon economy emerges, further Canadian government investment in space will only serve to strengthen the opportunity for the domestic space industrial base in\n \n Canada\n \n and help to expand it globally.\"\n \n \n —\n \n Mike Greenley\n \n , Chief Executive Officer, MDA\n \n \n \n Additional Background\n \n \n \n \n 2022 was another strong year for space with research firm Euroconsult estimating the global space market grew by 8% to reach\n \n US$424 billion\n \n last year while the space economy, which also includes non-contracted government activity, reached\n \n US$464 billion\n \n .\n \n \n The global spa...