🟢 MDA is trading 4.9% up today after securing a $688M satellite contract with the Canadian Space Agency

MDA is trading 4.9% up at $39.43 in pre-market action after announcing a major contract with the Canadian Space Agency.

• The company secured a $688 million deal to design, build, launch, and operate a synthetic aperture radar satellite that will work with the RADARSAT Constellation Mission.
• This sizeable contract will be added to MDA’s backlog in Q2 2026, providing significant long-term revenue visibility and boosting investor sentiment.
• The move reflects strong early demand as the market reacts to the strategic scale of the new agreement.