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MDA SPACE REPORTS SECOND QUARTER 2026 RESULTS
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.
About this update from Mda Space Ltd
TORONTO, Aug. 7, 2026 /CNW/ -- 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. "With our continued focus on disciplined execution, the MDA Space team delivered another quarter of strong, profitable year-over-year growth in Q2 as we continue to advance our long-term growth strategy. Robust order momentum drove backlog higher than the preceding quarter. Contract wins supporting programs with the Canadian Space Agency and Japan Ministry of Defense, as well as more recently the Canadian Armed Forces and European Space Agency, demonstrate how MDA Space is positioned to benefit from the growing demand for sovereign and defence space-based capabilities around the world. We announced nine early customer contracts for MDA CHORUSTM, along with 32 letters of interest from customers across five regions and we inaugurated our new high-volume satellite manufacturing facility in Montreal, one of the largest in its satellite class. The agreements to acquire Blue Canyon Technologies and CLS further expand our global reach and significantly increase our total addressable market. These two established businesses meet our strategic and financial criteria as profitable, cash-generating businesses that are highly complementary to MDA Space, and further position us to expand our existing $40 billion pipeline. With these additions, we are building a stronger, more diversified and global MDA Space to maximize our market opportunities. We remain confident in our ability to execute on our growth plans and continue to deliver value for shareholders." Mike Greenley, CEO of MDA Space Q2 2026 HIGHLIGHTS 2026 FINANCIAL OUTLOOK As a trusted mission partner and leading global space technology provider, we are leveraging our capabilities and expertise to execute on targeted growth strategies across our end markets and business areas. Our strategic initiatives, which span across our three businesses, include investing in next generation space technology and services, expanding our presence in attractive markets and geogr...