Mr. Mike Greenley reports

MDA ANNOUNCES STRATEGIC EXPANSION IN THE UK

MDA Ltd. has revealed plans to more than double its United Kingdom work force and operational footprint over the next 12 months. Announced in conjunction with the U.K. Space Conference 2023 taking place this week in Belfast, MDA confirmed plans to expand its talent base and operational capacity across the U.K. as the global space economy continues to grow.

As part of its U.K. expansion, MDA has announced plans to hire 75 new employees in the U.K. by the end of 2024, doubling its current U.K. work force of 75 existing staff. The company is now actively recruiting for entry level to senior positions in critical engineering disciplines, including systems, payload, antenna, software, electronics and assembly, integration, and test.

"The U.K. has a vibrant space industry with the highly skilled technology talent we need to scale our global business, and we are accelerating our in-country investment as the global market for space-based technology continues to grow," said Anita Bernie, managing director of MDA U.K. "The recent addition of the highly skilled digital payload team who just joined us from SatixFy [Communications Ltd.] enabled us to quickly double our footprint. With our intention to double again, we need more of that kind of expertise."

In addition, MDA is expanding its operational footprint across the U.K., including:

• The lease of a new facility in Stevenage with capacity for up to 100 digital satellite payload specialists;
• The integration and expansion of an existing facility in Manchester that will house up to 40 digital satellite communications staff;
• The expansion of its existing facility in Didcot, with the lease of additional space on the Harwell campus to accommodate engineering staff working on a range of exploration and in-orbit servicing missions.

"MDA U.K.'s expansion is fantastic news and will support a number of key priorities for the U.K. Space Agency as we seize the significant opportunities associated with the low Earth orbit economy and maintain a leading role in the development of advanced satellite technologies," said Dr. Paul Bate, chief executive officer of the U.K. Space Agency. "This is a great example of what it means to make the U.K. one of the most innovative and attractive space economies in the world -- catalyzing private investment and creating the jobs of tomorrow."

Today's announcement represents MDA's second major investment in the U.K. this year. In October, MDA completed the acquisition of the United Kingdom-based digital payload division of SatixFy, accelerating MDA's market expansion in the U.K. and adding strategic in-country capability to produce satellite payloads.

"Transforming communications infrastructure is vital to closing connectivity gaps across the U.K. and around the world so that people can work and learn on-line wherever they live. This is why we are supporting the U.K.'s pioneering space sector with a 160-million-pound-sterling investment scheme -- connectivity in low Earth orbit -- to drive the development of next-generation satellite communications here in the U.K.," said U.K. Minister of State for the Department of Science, Innovation and Technology, Andrew Griffith, MP. "MDA's decision to expand its current operational footprint in the U.K. and double its U.K. work force is truly welcome news. This is further proof that this government is providing the right support for space researchers and businesses as we press on in our mission to build one of the most innovative and attractive space economies in the world."

The SatixFy acquisition, which marks a significant investment by MDA in the U.K. market, also supports the U.K. government's objective to maintain its leadership in the growing global satellite communications market.

"When it comes to global expansion and investment, we are looking for much more than a market for our technology. We are looking for countries with space ambitions, space budgets and a space ecosystem including critical talent that can help fuel our growth," said Mike Greenley, chief executive officer of MDA. "With innovative programs like the C-LEO program specifically focused on developing satellite communications payloads and systems, the U.K. Space Agency is taking the type of holistic and highly strategic approach to industrial development and investment that we look for."

About MDA Ltd.

Serving the world from its Canadian home and global offices, MDA (Toronto Stock Exchange: MDA) is an international space mission partner and a robotics, satellite system and geointelligence pioneer with a 50-year story of firsts on and above the Earth. With over 2,900 employees across Canada, the United States and the U.K., 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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