The Financial Post reports in its Friday edition that MDA Space's next chapter of growth -- one that could allow it to hit nearly $2-billion in revenue this year -- will require a delicate balancing act as a Canadian company pushing harder to court U.S. and global contracts in an industry viewed as vital to individual countries' national security. The Post's Yvonne Lau writes that MDA has identified a $40-billion (U.S.) pipeline of global opportunities over the next five years as countries enhance their sovereign space technologies amid rising geopolitical tensions.
"Canada's only so big. A necessary part of our company's future is to be able to export to the U.S., as well as Europe and the rest of the world," said MDA chief executive officer Mike Greenley.
Canada accounts for 63 per cent of MDA's revenue, while the U.S. and Europe contribute 30 per cent and 5 per cent.
Mr. Greenley said he wants U.S. and European markets to make up a much larger share and the company will likely set up subsidiaries there via acquisitions.
Governments often impose high or exclusive local content requirements on satellites and other strategic technologies, but MDA's M&A plans may allow it to manoeuvre around such concerns.
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