MDA Space: Rocketing Bookings Don't Lie (Rating Upgrade)

MDA Space is evolving into a full-stack space infrastructure company, leveraging internal innovation and strategic acquisitions. Q2 showed robust 34% YoY revenue growth and a surge in bookings, despite mild margin contraction and a YoY backlog decline. Guidance for 2026 revenue was raised, but still signals near-term sluggishness; the long-term demand outlook is improving with significant contract wins.

Seeking Alpha • Aug 22, 2026

MDA Space: Strong Buy As The Space Growth Strategy Expands

MDA Space is upgraded from buy to strong buy, driven by robust organic and inorganic growth. Q2 revenue surged 34% with a 1.6x book-to-bill ratio, and backlog rebounded to C$4.4 billion pro forma. Pending acquisitions of Blue Canyon Technologies and CLS expand US defense access and geointelligence but introduce debt, dilution, and integration risk.

Seeking Alpha • Aug 17, 2026

MDA SPACE SATELLITES FOR GLOBALSTAR SUCCESSFULLY LAUNCHED

First set of eight satellites for Globalstar   2-R mission deployed to low Earth orbit on a SpaceX Falcon   9 rocket, marking the beginning of the commissioning phase TORONTO, Aug. 16, 2026 /PRNewswire/ -- MDA Space Ltd. (TSX: MDA) (NYSE: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, confirms the successful deployment of the initial eight replenishment satellites for Globalstar Inc.'s (NASDAQ:GSAT) existing low Earth orbit (LEO) constellation.

PRNewsWire • Aug 16, 2026

MDA Space Opens MDA CHORUS™ Control Centre in Québec

New control centre marks a major milestone in operational readiness as momentum builds for constellation's launch in late 2026 MONTRÉAL, Aug. 11, 2026 /PRNewswire/ -- MDA Space Ltd. (TSX:MDA) (NYSE:MDA), a trusted mission partner to the global defence and space industry, today officially opened the MDA CHORUS™ Control Centre in St-Bruno-de-Montarville, Québec, on the south shore of Montréal.

PRNewsWire • Aug 11, 2026

MDA Space Q2 Earnings Call Highlights

MDA Space TSE: MDA reported second-quarter revenue growth of 34% and raised the midpoint of its 2026 revenue and adjusted EBITDA outlook, citing broad-based demand across its satellite systems, robotics and space operations, and geointelligence businesses.

MarketBeat • Aug 10, 2026

MDA Space Ltd. (MDA:CA) Q2 2026 Earnings Call Transcript

MDA Space Ltd. (MDA:CA) Q2 2026 Earnings Call Transcript

Seeking Alpha • Aug 7, 2026

MDA SPACE REPORTS SECOND QUARTER 2026 RESULTS

Backlog of $4.0 billion at quarter-end increased $310 million compared to Q1 2026 Revenues of $499 million, up 34% YoY Adjusted EBITDA1 of $96 million, up 26% YoY; Adjusted EBITDA margin1 of 19.3% Adjusted net income1 of $52 million, up 13% YoY Operating cash flow of $(93)million; Free cash flow 1  of $(150) million Net cash1 position of $153 million at quarter-end; Total liquidity of $1.1  billion Increased midpoint of 2026 Revenue and Adjusted EBITDA guidance TORONTO, Aug. 7, 2026 /PRNewswire/ -- 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.

PRNewsWire • Aug 7, 2026

MDA SPACE APPOINTS JOHN FARRELL & STEPHEN SPENGLER TO ITS BOARD OF DIRECTORS

Appointments bring additional manufacturing, telecommunications and satellite expertise to support company's next phase of growth. TORONTO, Aug. 7, 2026 /PRNewswire/ -- MDA Space Ltd.

PRNewsWire • Aug 7, 2026

MDA SPACE RESPONDS TO CANADIAN SPACE AGENCY ANNOUNCEMENT ON CANADARM3

TORONTO, Aug. 6, 2026 /PRNewswire/ -- MDA Space Ltd. (TSX: MDA) (NYSE: MDA), a trusted mission partner to the rapidly expanding global space industry, issued the following statement in response to the Canadian Space Agency's (CSA) announcement on its intention to repurpose Canadarm3 investments to support the next phase of lunar exploration.

PRNewsWire • Aug 6, 2026

MDA SPACE AWARDED $474 MILLION TO EXPAND THE TELESAT LIGHTSPEED LEO CONSTELLATION

Follow-on order of MDA AURORA ™  satellites will enable Telesat to meet the needs of both commercial and defence customers TORONTO, Aug. 4, 2026 /PRNewswire/ -- MDA Space Ltd. (TSX: MDA) (NYSE: MDA), a trusted mission partner to the rapidly expanding global space industry, will be supplying Telesat LEO ULC, a division of Telesat Corporation (Nasdaq: TSAT) (TSX: TSAT) with additional MDA AURORA™ next-generation broadband satellites, coinciding with the operator's announcement today that it is expanding the Telesat Lightspeed low Earth orbit constellation.

PRNewsWire • Aug 4, 2026