Mr. Mike Greenley reports

MDA REBRANDS TO MDA SPACE

MDA Ltd. has rebranded to MDA Space, an identity evolution that honours the past, recognizes the present and further positions the company to lead in a new era of space innovation.

"The addition of space to our brand is a natural evolution. The core of our brand identity is, and always will be, MDA -- the three iconic letters that stand for our 55-year heritage, our more than 450 missions and our record of firsts," said Mike Greenley, chief executive officer of MDA Space. "Today, MDA is honoured to have the trust of some of the world's biggest players and most innovative companies driving the expansion of the global space economy."

The global space economy is accelerating and scaling at a rapid rate, growing to $509-billion in 2023 and projected to become a $1.5-trillion industry by 2040.

MDA Space has also seen extraordinary growth in recent years, with an expanding operational footprint and a rapidly growing work force that now numbers 3,000 space engineers, scientists, technicians and business leaders across Canada, the United States and the United Kingdom.

"Our mission is to build the space between proven and possible," added Mr. Greenley. "It's what we have always done and it's what we will keep on doing. At MDA Space, we have an elite and highly skilled team creating solutions that bring our customers value and help them to address some of the most critical problems and complex challenges on Earth. We are ready to support and enable the next era of yet-to-be-imagined missions."

To meet the needs of the emerging global commercial space market, MDA Space has invested in one of the world's most diverse portfolios of proven next-generation space technology, including:

• A game-changing new software-defined satellite product that addresses the growing demand for higher-performance and cost-effective digital constellations;
• Chorus, a fourth-generation Earth observation constellation that builds on the legendary Radarsat program that will provide market-leading data and insights;
• A new suite of cost-effective, flexible and readily available commercial space robotics that can serve a variety of missions, leveraging best-in-class technology derived from Canadarm3.

About MDA Ltd.

Building the space between proven and possible, MDA Space is a trusted mission partner to the global space industry. A robotics, satellite systems and geointelligence pioneer with a 55-plus-year story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The MDA Space team of more than 3,000 space experts in Canada, the U.S. and the U.K. has the knowledge and know-how to turn an audacious customer vision into an achievable mission -- bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that has been in its DNA since day one. For those who dream big and push boundaries on the ground and in the stars to change the world for the better, MDA Space will take you there.

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