🟢 MDA.TO is trading 4.3% up today after securing major defense and satellite contracts

MDA.TO is trading at CA$52.67, up 4.3%, as investors react to a string of major contract wins in the defense and Earth-observation satellite markets.

• The company secured a deal with Mitsubishi Electric for Japan’s next-generation defense communications satellite.
• A CA$688 million contract with the Canadian Space Agency for the RADARSAT+ program has significantly bolstered the company's backlog and revenue visibility.
• The new deals have improved investor sentiment and outlook for the firm within a broadly positive equity environment.