News Summary

Brampton-based MDA Space reported a remarkable 45% year-over-year revenue growth in Q3 2025, reaching $409.8 million. This growth was largely driven by its satellite systems business, which saw a 69% increase to $283.5 million. Despite losing a $1.8-billion CAD contract with EchoStar, MDA maintained a positive outlook for fiscal 2025. The company’s stock experienced a slight increase following the earnings report on the Toronto Stock Exchange. MDA’s commitment to the Canadian space ecosystem is underscored by its recent $10 million investment in Maritime Launch Services, establishing a strategic partnership to support a new spaceport in Atlantic Canada. However, MDA faces potential challenges with its $1.1-billion CAD deal with Globalstar, amid rumors of a possible sale to SpaceX.