Mr. Mike Greenley reports

MDA COMPLETES ACQUISITION OF SATIXFY DIGITAL PAYLOAD DIVISION; FURTHER STRENGTHENS MDA'S DIGITAL SATELLITE CAPABILITY IN GROWING LEO CONSTELLATION MARKET

MDA Ltd. has completed the previously announced acquisition of SatixFy Space Systems UK Ltd. (SSS), the digital payload division of SatixFy Communications Ltd. (NYSE American: SATX).

"We are thrilled to officially welcome the SSS team into MDA," said Mike Greenley, chief executive officer of MDA. "This acquisition bolsters MDA's digital satellite capabilities and advances our satellite systems strategy as we continue to invest and expand in next generation satellite technology and talent to meet growing customer demand."

The newly acquired division, based in the United Kingdom, will be integrated into MDA UK, the company's existing U.K. subsidiary. The acquisition accelerates MDA's market expansion in the U.K. and adds strategic in-country capability to produce satellite payloads. In addition, the SSS team will collaborate closely with MDA's satellite systems business in Montreal to advance its new digital satellite product offering, adding complementary digital payload expertise and capacity.

The acquisition, which marks a significant investment of MDA in the U.K. market, will support the U.K.'s objective to maintain its leadership in the growing global satellite market.

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 2,800 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.

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