MDA Awarded Contract by York Space Systems

MDA will design and build antennas as part of space security program

BRAMPTON, ON (MDA Ltd. PR) – MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced it has been awarded a contract from York Space Systems. The contract will see MDA design and build Ka-Band steerable antennas for satellites to be produced by York Space Systems.

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MDA Names Holly Johnson Vice-President of Robotics and Space Operations

Holly Johnson (Image Credit: CNW Group/MDA Inc.)

BRAMPTON, ON (MDA Ltd. PR) — MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced Holly Johnson has been appointed as the company’s Vice President of Robotics and Space Operations (RSO), reporting to MDA Chief Executive Officer, Mike Greenley. Ms. Johnson stepped into the role in an acting capacity earlier this year.

With 14 years of experience at MDA, including a decade in engineering and business development and four years in corporate operations, Ms. Johnson is ideally positioned to lead the RSO business area as it accelerates through a period of tremendous growth, maximizes new commercial market opportunities, and focuses on delivering Canadarm3.

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MDA Provides Global Fishing Watch Access to RADARSAT-2 Archive to Help Combat Illegal Fishing

Radarsat constellation (Credit: CSA)

Illegal fishing is the planet’s 6th largest crime and poses incredible risks to the preservation and health of ocean ecosystems

BRAMPTON, Ont. (MDA PR) — MDA Ltd. (TSX:MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, announced today at the 2022 UN Ocean Conference a major new contribution to international efforts to monitor, track and intercept illegal, unreported and unregulated (IUU) fishing activities using satellite technology.

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ICEYE Expands its Business to Offer Complete Satellite Missions for Customers

ICEYE specialists inspecting an ICEYE SAR satellite in a clean room. (Image Credit: ICEYE)

Owning the world’s largest SAR constellation, ICEYE is the only company in the world that can provide customers with complete SAR satellite missions delivered in months.

HELSINKI, Finland (ICEYE PR) — ICEYE, an Earth observation company operating the world’s largest synthetic-aperture radar (SAR) satellite constellation, today announced the establishment of a new line of business focused solely on delivering fully operational satellite missions to customers looking for their own orbital SAR capabilities.

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MDA Selected by Lockheed Martin for Space Development Agency’s Tranche 1 Transport Layer Constellation

Contract will see MDA design and build antennas and control electronics for 42 low Earth orbit satellites

BRAMPTON, ON (MDA PR) — MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced it has been awarded a contract from Lockheed Martin (NYSE: LMT) as part of the Space Development Agency (SDA) Tranche 1 Transport Layer (T1TL) program. 

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Canadian Space Agency Funds Novel Ideas for Potential Moon Infrastructure

Credit: Canadian Space Agency

LONGUEIUL, Que. (CSA PR) — As humanity tackles the challenges of creating a permanent human presence on the Moon, multiple Canadian companies will undertake seven concept studies. These reports will help develop capabilities and define potential Canadian infrastructure contributions on the Moon’s surface.

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MDA Reports First Quarter Profit

  • Strong business activity with backlog growing to $1.52 billion, up 122% YoY
  • Steady revenue growth with revenues of $128.4 million, up 4% YoY
  • Solid profitability with EBITDA of $35.6 million (27.7% margin) and adjusted EBITDA excluding non-recurring items of $27.7 million (21.6% margin)
  • Key awards include Globalstar’s LEO constellation and Phase B of Canadarm3
  • Subsequent to quarter-end, MDA announced the redemption of its $150 million second lien notes and refinancing of its revolving credit facility

BRAMPTON, ON (MDA PR) – MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced financial results for the first quarter ended March 31, 2022 demonstrating strong order bookings, growing backlog and solid profitability.  

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Rocket Lab Reports Increased Revenue From Space Systems, $26.7 Million First Quarter Net Loss

Electron launches on May 3, 2022. (Credit: Rocket Lab)

by Douglas Messier
Managing Editor

Rocket Lab reported a $26.7 million first quarter loss on revenues of $40.7 million, with space systems such as satellites producing the majority of revenues rather than the launches for which the company is best known. Adjusted EBITDA loss for the quarter was $7.98 million.

Rocket Lab earned $34.1 million in revenues from space systems. That amount represented 84% of first quarter revenues, an increase of 1,873 percent from the first quarter of 2021.

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MDA Completes First Commercial Sale of Canadarm3 Technology to Axiom Space

Contract for robotic interfaces another important milestone as company brings full suite of commercial space products to market

BRAMPTON, ON (MDA Inc. PR) – MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced the first commercial sale of its Canadarm3 technology to Axiom Space. The contract is for the delivery of 32 external robotic interfaces for Axiom Space’s Axiom Station which is now under construction and on schedule to be the world’s first commercial space station in orbit.

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MDA Joins Lockheed Martin and General Motors on Next Generation Lunar Rover Development

MDA’s commercial robotic arm shown on a Lockheed Martin and GM lunar rover. (Image Credit: CNW Group/MDA Inc.)

BRAMPTON, ON & COLORADO SPRINGS, Colo. (MDA PR) — MDA Ltd. (TSX:MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced that it is working with Lockheed Martin and General Motors to integrate MDA’s commercial robotic arm technology on their planned human-rated lunar mobility vehicles.

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Virgin Orbit Suffers Net Loss of $157.3 Million in 2021

LauncherOne ignites after being dropped from Cosmic Girl. (Credit: Virgin Orbit)
  • Successfully launched 7 customer satellites onboard its LauncherOne rocket during the Above the Clouds mission on January 13, 2022, the company’s third successful launch.
  • Full year 2021 revenue increased to $7.4 million, up from $3.8 million in the prior year period.
  • Growing backlog of contracts, including selection by NASA’s launch service program to support the agency’s VADR missions.
  • Completed its going public transaction and began trading on the Nasdaq stock exchange on December 30, 2021.

LONG BEACH, Calif. (Virgin Orbit PR) — Virgin Orbit (Nasdaq: VORB) (“Virgin Orbit” or the “Company”), the responsive launch and space solutions company, today announced its financial results for the fourth quarter and full year ended December 31, 2021.

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Satellites Around the Moon Come Another Step Closer

PARIS (ESA PR) — ESA is going to the Moon – in collaboration with its international partners – and seeks to build a lasting lunar link to enable sustainable space exploration.

The agency has now evaluated initial ideas to create a network of lunar telecommunications and navigation satellites.

Creating a commercial telecommunications and navigation service for the Moon will allow many of the dozens of planned lunar missions to share the same infrastructure to communicate with Earth, as well as to find their way on the lunar surface.

The service is needed because the planned missions are becoming regular trips to Earth’s natural satellite rather than one-off expeditions.

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Canada Begins Design Phase of Canadarm3 for Lunar Gateway

An artist’s concept of Canadarm3’s large arm on the Lunar Gateway. (Credits: Canadian Space Agency, NASA)

LONGUEUIL, Quebec, March 10, 2022 (CSA PR) — Canada is a global leader in the space robotics market thanks to strategic investments by the Government of Canada. Today the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced that Brampton-based company MacDonald, Dettwiler and Associates Ltd. (MDA) will receive $268.9 million to execute the second phase of Canadarm3. Through this design work, Canadian industry will push its capabilities and know-how in space robotics further than ever before.

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Former Astronaut Tim Kopra Joins OneWeb Technologies as New President

Tom Kopra, President, OneWeb Technologies

HOUSTON, March 10, 2022 (OneWeb PR) — OneWeb Technologies, the premier provider of innovative and secure commercial satellite communications (SATCOM) application solutions, has named former astronaut Tim Kopra as President. In his new role, Tim will be responsible for leading the company’s growth as it continues to expand its partnerships and solve secure, mission-critical real-time connectivity challenges for the U.S. government, its allies, and global enterprise customers.

A dedicated leader with a passion for space innovation, Kopra was Vice President for Robotics and Space Operations at MDA immediately prior to joining OneWeb Technologies. Before that, he held various leadership and operational roles as an engineer and astronaut at NASA. Kopra lived and worked on board the International Space Station (ISS) during two spaceflights and served as ISS Commander during one of its missions. During his time with NASA, Kopra completed three spacewalks and spent 244 days in space.

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MDA Unveils New Global HQ, Space Robotics Centre of Excellence

State-of-the-art facility will be home to Canadarm3 and over 700 highly-skilled employees at the forefront of the global space economy

BRAMPTON, Ont. (MDA PR) — MDA Ltd. (TSX:MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today revealed details of its new purpose-built global headquarters and Space Robotics Centre of Excellence in Brampton, Ontario, a facility that will support the company’s ongoing growth and lay the groundwork for long-term success in the evolving commercial space robotics market.

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