02:27:04 EDT Wed 15 May 2024
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MDA Ltd
Symbol MDA
Shares Issued 119,377,895
Close 2023-06-06 C$ 8.61
Market Cap C$ 1,027,843,676
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MDA wins L3Harris contract for Ka-band antennas

2023-06-07 11:18 ET - News Release

Mr. Mike Greenley reports

MDA SELECTED BY L3HARRIS FOR SPACE DEVELOPMENT AGENCY'S TRANCHE 1 TRACKING LAYER CONSTELLATION

MDA Ltd. has been awarded a contract from L3Harris Technologies as part of the Space Development Agency's (SDA) Tranche 1 Tracking Layer program.

MDA will design and build 14 flight sets of Ka-band steerable antennas and control electronics for L3Harris as part of SDA's low earth orbit (LEO) constellation. The antennas and control electronics will be designed, built, assembled and tested at MDA's state-of-the-art high-volume satellite production facility in Montreal.

"We are very pleased to work with L3Harris on this important space security program as the need for space-based capability increases," said Mike Greenley, chief executive officer of MDA. "This award from one of the largest U.S. defence industry primes is a strong endorsement of MDA's best-in-class design and manufacturing capabilities, and another example of our strategy in action as we expand MDA's share of the growing global LEO constellation market."

MDA technology has been integrated into more than 350 satellite missions to date, with more than 2,000 antenna subsystems and 3,000 electronic subsystems on approximately 950 satellites currently in orbit.

About MDA Ltd.

Serving the world from its Canadian home and global offices, MDA is an international space mission partner and a robotics, satellite systems and geointelligence pioneer with a 50-year story of firsts on and above the Earth. With over 2,700 employees across Canada, the United States and the United Kingdom, MDA is leading the charge toward viable moon colonies, enhanced Earth observation, communication in a hyperconnected world and more. With a record of making space ambitions come true, MDA enables highly skilled people to continually push boundaries, tackle big challenges, and imagine solutions that inspire and endure to change the world for the better, on the ground and in the stars.

We seek Safe Harbor.

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