10:22:45 EDT Thu 19 Mar 2026
Enter Symbol
or Name
USA
CA



MDA Space Ltd
Symbol MDA
Shares Issued 136,324,461
Close 2026-03-18 C$ 46.16
Market Cap C$ 6,292,737,120
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Globe says MDA Space lands $32M telescope deal

2026-03-19 07:14 ET - In the News

The Globe and Mail reports in its Thursday edition that the federal government has awarded MDA Space a $32-million contract to build three remotely operated telescopes across Canada. The Globe's Pippa Norman writes that Canada's military will use these telescopes to surveil space and protect critical assets such as satellites. The delivery of three sensor sites in Alberta, Manitoba and New Brunswick is expected by June, 2028. This timeline aligns with the original dates outlined in the federal government's Defence Capabilities Blueprint for the Surveillance of Space 2 project. Stephen Fuhr, the Secretary of State for Defence Procurement, announced at MDA's offices in Richmond, B.C., on Wednesday that Canada will establish ground-based sites for space observation. This marks a significant change, as Canada has traditionally conducted space observation from space. Mr. Fuhr said, "Canada really is emerging as a little powerhouse in space." Ottawa's spending is in line with its Defence Industrial Strategy, which it released in February and used to highlight space as one of ten key sovereign capabilities it is eager to invest in. Globally, the space economy is expected to nearly triple to $1.8-trillion (U.S.) by 2035.

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