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MDA

Full company profile

uuid00063wf

Namestring
MDA
Legal namestring
MDA Ltd.
Company typeenum
Public
Founded yearint
1969
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersBrampton, Canada
HQ citystring
Brampton
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
satellite systems manufacturing, space robotics solutions, geointelligence services, defence communications satellites, earth observation platforms
Industry2 codes
1Space Payloads & Instruments (Sensors, Comms, EO/IR)
CodeIMABACADPrimaryNo
2Military Space Systems (Defense Spacecraft)
CodeIMABACACPrimaryNo
NAICS code2 codes
  • Guided Missile and Space Vehicle Manufacturing336414
  • Other Guided Missile and Space Vehicle Parts and Auxiliary Equipment Manufacturing336419
SIC code1 code
  • Guided Missiles & Space Vehicles & Parts3760
Product category
Space Technology & Satellite Systems
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model4 records
1Satellite Systems
TypeHardware Sales
Description

Design and manufacture of satellite systems including communications satellites and LEO constellation components. Revenue of $313M in Q1 2026 representing the largest business segment.

in.investing.com
2Robotics & Space Operations
TypeHardware Sales
Description

Space robotics systems and operations including robotic arms and space infrastructure solutions. Revenue of $92M in Q1 2026.

in.investing.com
3Geointelligence
TypeData Monetisation
Description

Earth observation and geointelligence services including satellite imagery and space situational awareness. Revenue of $59M in Q1 2026.

in.investing.com
4Defence Communications
TypeHardware Sales
Description

Next-generation defence communications satellite programs including contracts with Mitsubishi Electric for defence communications satellite program.

in.investing.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Technology or R&D, Operations, Supply Chain, Infrastructure, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 record
1MDA MIDNIGHT
Description

Spacecraft platform announced as strategic initiative

in.investing.com
Core offering1 text field

MDA Space designs, manufactures, and operates space hardware and related data services for the global defence and space industry. Its core deliverables are communications satellites (including LEO constellation payloads), space-qualified robotics and mission operations, and geointelligence/earth observation services. The company serves as a turnkey mission partner, taking customers from audacious concept through design, build, and on-orbit operations across 450+ completed missions over a 55+ year history.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • 32% YoY revenue growth to $464M in Q1 2026
+3 more records
Product overview1 text field

MDA Space operates as a unified platform with three core business segments: Satellite Systems (communications satellites, generating $313M Q1 2026), Robotics & Space Operations ($92M Q1 2026), and Geointelligence ($59M Q1 2026). The portfolio includes specialized products like the MDA MIDNIGHT spacecraft platform and JoeySat reconfigurable satellite network, supported by the 49North Canadian defence business unit and the acquired Blue Canyon Technologies small satellite manufacturer. With over 4,000 space experts and 55+ years of experience across 450+ missions, MDA serves as a trusted mission partner for global defence and space industry customers.

Product and service5 records
1Satellite Systems
CategorySatellite Systems / Space Hardware
Description

Communications satellites and related satellite systems, including LEO constellation payloads and next-generation defence communications satellites (e.g., the Mitsubishi Electric defence communications satellite program). Generated $313M in Q1 2026 revenue and is MDA's largest business segment.

2Robotics & Space Operations
CategorySpace Robotics & Operations
3Geointelligence
CategoryGeointelligence / Earth Observation Data Services
4MDA MIDNIGHT Spacecraft Platform
CategorySpacecraft Platform
Description

Next-generation spacecraft platform announced by MDA as a strategic initiative for satellite systems expansion and advanced space missions. Designed as a foundational platform for future MDA satellite programs.

5JoeySat
CategorySatellite Product / Communications Payload
Description

Reconfigurable satellite network platform demonstrating advanced phased array and beamforming technology for flexible satellite communications. Successfully demonstrated on-orbit in 2025.

Scale indicator14 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-01-21
Description

MDA Space is part of the Starlab consortium backing the commercial space station program to replace the International Space Station. The consortium includes Voyager, Airbus, MDA, Mitsubishi, Space Applications Services, and Palantir. Starlab is positioned as essential infrastructure for the commercial space economy with pressurized volume equivalent to ISS in a single launch.

Strategic tierMajorTypeStrategic or Co-development Partner
Description

MDA Space was selected by Mitsubishi Electric for their next-generation defence communications satellite program, demonstrating MDA's capabilities in defence-grade satellite communications systems.

Strategic tierMajorTypeStrategic or Co-development Partner
Description

MDA received an approximately $1.1 billion award from Globalstar for its next-generation LEO constellation. Globalstar will allocate 85% of network capacity to a major customer (Apple) as part of the expanded satellite capabilities.

Strategic tierStrategicTypeTechnology or Integration
Description

MDA acquired SatixFy Space Systems UK Ltd. in August 2023 to strengthen its UK market position and add in-country space satellite payload manufacturing capabilities.

Strategic tierStrategicTypeStrategic or Co-development Partner
Description

MDA announced a definitive agreement to acquire US-based Blue Canyon Technologies LLC, expanding its satellite systems capabilities in the US market.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Lockheed Martin Space is a dominant U.S. defense prime with a broad space portfolio spanning satellites, space exploration, and strategic systems. Comparable to MDA as a large incumbent in defense and government satellite manufacturing, though far larger and more diversified.

TypeEmerging player
Description

Sierra Space is building the Dream Chaser spaceplane and commercial LEO destinations as part of the Orbital Reef station program. Comparable to MDA as a competitor in the commercial space station and space infrastructure market.

TypeBroad incumbent
Description

L3Harris provides satellite communications payloads, space electronics, and missile tracking systems. Comparable to MDA as a defense/space systems supplier with payload and satellite communications overlap.

TypeDirect peer
Description

Terran Orbital designs and manufactures small satellites and provides mission services for defense and commercial customers. Comparable to MDA's smallsat strategy (Blue Canyon) and adjacent to its broader satellite systems business as an emerging small-sat prime.

TypeBroad incumbent
Description

Airbus Defence and Space builds communications satellites, Earth observation platforms, and is a partner in Starlab and multiple ESA programs. Comparable to MDA as a European incumbent with overlapping satellite manufacturing and commercial space station activity.

TypeDirect peer
Description

Thales Alenia Space is a major manufacturer of communications and Earth observation satellites and a contributor to commercial space station programs. Closely matches MDA's satellite manufacturing, EO, and space infrastructure offerings, and is a partner-competitor via the Starlab consortium.

TypeBroad incumbent
Description

RTX's Collins Aerospace and Raytheon units supply space electronics, satellite payloads, and missile warning systems. Comparable to MDA on the space electronics and payload side of defense satellite programs.

TypeBroad incumbent
Description

Honeywell Aerospace supplies space-qualified electronics, guidance and navigation components, and satellite subsystems. Comparable to MDA on the avionics, guidance, and satellite component side of the space value chain.

TypeBroad incumbent
Description

Boeing Defence & Space builds GEO communications satellites, space stations, and missile defense platforms. Comparable to MDA across satellite manufacturing and space infrastructure, though at significantly larger scale.

TypeBroad incumbent
Description

Northrop Grumman's Space Systems segment builds large GEO communications satellites, weather and science platforms, and missile defense space systems. Directly comparable to MDA's satellite systems business as an incumbent prime competing for similar defense and government payloads.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

MDA

Space Technology & Satellite Systemsmdacorporation.com

MDA firmographics

Firmographics
Name
MDA
Legal name
MDA Ltd.
Website
https://mdacorporation.com
Company type
Public
Founded year
1969
Operating status
Operating
Headcount range
1,001–5,000 employees
Ownership category
akta.pro rank

Where MDA is headquartered

Location

Headquarters

HQ city
Brampton
HQ country
Canada
HQ region
North America

Offices1 record

Markets served

MDA business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Personnel, Technology or R&D, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

  1. Satellite Systems: Design and manufacture of satellite systems including communications satellites and LEO constellation components. Revenue of $313M in Q1 2026 representing the largest business segment.
  2. Robotics & Space Operations: Space robotics systems and operations including robotic arms and space infrastructure solutions. Revenue of $92M in Q1 2026.
  3. Geointelligence: Earth observation and geointelligence services including satellite imagery and space situational awareness. Revenue of $59M in Q1 2026.
  4. Defence Communications: Next-generation defence communications satellite programs including contracts with Mitsubishi Electric for defence communications satellite program.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

MDA product offering

Product offering

Core offering

MDA Space designs, manufactures, and operates space hardware and related data services for the global defence and space industry. Its core deliverables are communications satellites (including LEO constellation payloads), space-qualified robotics and mission operations, and geointelligence/earth observation services. The company serves as a turnkey mission partner, taking customers from audacious concept through design, build, and on-orbit operations across 450+ completed missions over a 55+ year history.

Product overview

MDA Space operates as a unified platform with three core business segments: Satellite Systems (communications satellites, generating $313M Q1 2026), Robotics & Space Operations ($92M Q1 2026), and Geointelligence ($59M Q1 2026). The portfolio includes specialized products like the MDA MIDNIGHT spacecraft platform and JoeySat reconfigurable satellite network, supported by the 49North Canadian defence business unit and the acquired Blue Canyon Technologies small satellite manufacturer. With over 4,000 space experts and 55+ years of experience across 450+ missions, MDA serves as a trusted mission partner for global defence and space industry customers.

Differentiator

Problem solved

Functional benefit

Brands

  • MDA MIDNIGHT: Spacecraft platform announced as strategic initiative

Products and services

  • Satellite Systems Communications satellites and related satellite systems, including LEO constellation payloads and next-generation defence communications satellites (e.g., the Mitsubishi Electric defence communications satellite program). Generated $313M in Q1 2026 revenue and is MDA's largest business segment.
  • Robotics & Space Operations
  • Geointelligence
  • MDA MIDNIGHT Spacecraft Platform Next-generation spacecraft platform announced by MDA as a strategic initiative for satellite systems expansion and advanced space missions. Designed as a foundational platform for future MDA satellite programs.
  • JoeySat Reconfigurable satellite network platform demonstrating advanced phased array and beamforming technology for flexible satellite communications. Successfully demonstrated on-orbit in 2025.

Quantifiable outcome

  • 32% YoY revenue growth to $464M in Q1 2026
  • +3 more outcomes

Companies that use MDA

Customer profile

Named customers3 records

Segments3 records

Ideal customer profiles3 records

MDA technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

MDA partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered core, major and strategic.

  • Starlab Consortium (Airbus, Voyager, Mitsubishi, Space Applications Services, Palantir)coreStrategic or Co-development Partner · 21 January 2026MDA Space is part of the Starlab consortium backing the commercial space station program to replace the International Space Station. The consortium includes Voyager, Airbus, MDA, Mitsubishi, Space Applications Services, and Palantir. Starlab is positioned as essential infrastructure for the commercial space economy with pressurized volume equivalent to ISS in a single launch.
  • Mitsubishi ElectricmajorStrategic or Co-development PartnerMDA Space was selected by Mitsubishi Electric for their next-generation defence communications satellite program, demonstrating MDA's capabilities in defence-grade satellite communications systems.
  • Globalstar Inc.majorStrategic or Co-development PartnerMDA received an approximately $1.1 billion award from Globalstar for its next-generation LEO constellation. Globalstar will allocate 85% of network capacity to a major customer (Apple) as part of the expanded satellite capabilities.
  • SatixFy Space Systems UK Ltd.strategicTechnology or IntegrationMDA acquired SatixFy Space Systems UK Ltd. in August 2023 to strengthen its UK market position and add in-country space satellite payload manufacturing capabilities.
  • Blue Canyon Technologies LLCstrategicStrategic or Co-development PartnerMDA announced a definitive agreement to acquire US-based Blue Canyon Technologies LLC, expanding its satellite systems capabilities in the US market.

Scale indicators14 records

Recent moves7 records

Expansion highlights6 records

MDA competitors and assessment

Company assessment

Broad incumbents

  • Lockheed Martin Space: Lockheed Martin Space is a dominant U.S. defense prime with a broad space portfolio spanning satellites, space exploration, and strategic systems. Comparable to MDA as a large incumbent in defense and government satellite manufacturing, though far larger and more diversified.
  • L3Harris Technologies: L3Harris provides satellite communications payloads, space electronics, and missile tracking systems. Comparable to MDA as a defense/space systems supplier with payload and satellite communications overlap.
  • Airbus Defence and Space: Airbus Defence and Space builds communications satellites, Earth observation platforms, and is a partner in Starlab and multiple ESA programs. Comparable to MDA as a European incumbent with overlapping satellite manufacturing and commercial space station activity.
  • RTX (Raytheon) Space & Defense: RTX's Collins Aerospace and Raytheon units supply space electronics, satellite payloads, and missile warning systems. Comparable to MDA on the space electronics and payload side of defense satellite programs.
  • Honeywell Aerospace: Honeywell Aerospace supplies space-qualified electronics, guidance and navigation components, and satellite subsystems. Comparable to MDA on the avionics, guidance, and satellite component side of the space value chain.
  • Boeing Defence, Space & Security: Boeing Defence & Space builds GEO communications satellites, space stations, and missile defense platforms. Comparable to MDA across satellite manufacturing and space infrastructure, though at significantly larger scale.
  • Northrop Grumman Space Systems: Northrop Grumman's Space Systems segment builds large GEO communications satellites, weather and science platforms, and missile defense space systems. Directly comparable to MDA's satellite systems business as an incumbent prime competing for similar defense and government payloads.

Emerging players

  • Sierra Space: Sierra Space is building the Dream Chaser spaceplane and commercial LEO destinations as part of the Orbital Reef station program. Comparable to MDA as a competitor in the commercial space station and space infrastructure market.

Direct peers

  • Terran Orbital: Terran Orbital designs and manufactures small satellites and provides mission services for defense and commercial customers. Comparable to MDA's smallsat strategy (Blue Canyon) and adjacent to its broader satellite systems business as an emerging small-sat prime.
  • Thales Alenia Space: Thales Alenia Space is a major manufacturer of communications and Earth observation satellites and a contributor to commercial space station programs. Closely matches MDA's satellite manufacturing, EO, and space infrastructure offerings, and is a partner-competitor via the Starlab consortium.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights7 records

Customer concentration

MDA social profiles

Digital presence

MDA financial estimates

Financial estimate

Revenue estimate

Valuation estimate

MDA leadership team

Management profile

Number of profiles

Profiles1 record

MDA subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

MDA funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

MDA M&A and investment

M&A and investment

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MDA

What does MDA do?

MDA Space designs, manufactures, and operates space hardware and related data services for the global defence and space industry. Its core deliverables are communications satellites (including LEO constellation payloads), space-qualified robotics and mission operations, and geointelligence/earth observation services. The company serves as a turnkey mission partner, taking customers from audacious concept through design, build, and on-orbit operations across 450+ completed missions over a 55+ year history.

Is MDA a public or private company?

MDA is a public company. It is classified as public and is currently operating.

When was MDA founded?

MDA was founded in 1969. It employs 1,001 to 5,000 people.

Where is MDA based?

MDA is headquartered in Brampton, Canada, in the North America region.

How does MDA make money?

Four revenue lines are on record. Satellite Systems are the primary driver. The others are robotics & Space Operations, geointelligence and defence Communications.

Who are MDA's main competitors?

Broad incumbents on record are Lockheed Martin Space, L3Harris Technologies, Airbus Defence and Space, RTX (Raytheon) Space & Defense, Honeywell Aerospace, Boeing Defence, Space & Security and Northrop Grumman Space Systems. Sierra Space is listed as an emerging player. Direct peers are Terran Orbital and Thales Alenia Space.

Does MDA have an API?

No public API is recorded for MDA.

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Live signals
FoolWhy MDA Stock Jumped 16% Last WeekMDA stock rose 16% after securing a $474 million contract from Telesat, which significantly increases the company's backlog. This new order improves revenue visibility and allows for better utilization of factory capacity, although analysts note ongoing risks related to execution and customer concentration.AInvestMDA Q2 adjusted EPS CAD 0.36 vs. IBES estimate CAD 0.34MDA reported Q2 adjusted earnings per share of CAD 0.36, beating the IBES consensus estimate of CAD 0.34. The article contains no additional details about MDA's business operations, revenue figures, or forward guidance.AInvestMDA's $620M Blue Canyon Bet: U.S. Defense Access or a Debt-Funded Space Trap?MDA is acquiring Blue Canyon Technologies for $620 million in an all-debt deal expected to close in Q4 2026, pending CFIUS review and other regulatory approvals. The strategic rationale centers on gaining established U.S. defense access, a pathway to classified work, and a projected $3.5 billion opportunity pipeline, with Blue Canyon already deriving over 75% of revenue from U.S. defense customers. Execution risks include integration challenges at Blue Canyon's 400-person, two-facility Denver operation, maintaining leverage within the 1.5x-2.5x net debt to EBITDA target, and proving the acquisition can translate into prime contract wins rather than simply adding headcount.Investing.comMDA Q1 2026 slides: 32% revenue surge, $40B pipeline revealed By Investing.comMDA Ltd presented Q1 2026 results on May 7 reporting revenue of $464 million, a 32% year-over-year increase driven by growth across Satellite Systems ($313M), Robotics & Space Operations ($92M), and Geointelligence ($59M). The company completed a $341 million NYSE IPO and revealed a $40 billion opportunity pipeline over five years, while maintaining adjusted EBITDA of $91 million and ending with $1.2 billion in total liquidity. MDA reiterated full-year 2026 guidance of $1.7-1.9 billion revenue and announced strategic initiatives including the 49North Canadian defence business unit and MDA MIDNIGHT spacecraft platform.Toronto StarMDA reports $29.6M Q1 profit, revenue up 32.2 per cent from year agoMDA Space Ltd. reported $29.6 million in net income for the first quarter, with revenue rising 32.2% to $464.1 million. The company's backlog stood at $3.69 billion at March 31.openPR.comMarket Trend Analysis: The Impact of Recent Advances on the Space Situational Awareness MarketThe space situational awareness market is projected to reach $2.16 billion by 2030, growing at a compound annual growth rate of 6.4%, driven by increasing satellite constellations, space debris tracking demand, and automated collision avoidance software adoption. Canada-based MDA Ltd. acquired SatixFy Space Systems UK Ltd. in August 2023 to strengthen its UK market position and add in-country space satellite payload manufacturing capabilities. US-based Integrasys SA launched Orbisat in February 2024, a subsystem designed to facilitate automated tracking, collision avoidance, telemetry, and control functions for space operations.Investing.comCanada shares higher at close of trade; S&PCanadian equities closed higher on Thursday, with the S&P/TSX Composite index gaining 0.46%, as rising stocks outnumbered declining ones by 526 to 425. Notable gainers included Transcontinental Inc (up 8.64%), Curaleaf Holdings Inc (up 8.04%), and MDA Ltd (up 5.11%), while Rogers Communications Inc (down 7.95%), goeasy Ltd (down 6.66%), and Air Canada (down 5.15%) led the decliners. In commodities, crude oil for May delivery surged 11.57% to $111.70 per barrel amid ongoing market volatility.Investing.comThis Space Tech Stock is The Biggest Winner From NASA’s Moon Program Revamp By Investing.comNASA announced at its Ignition event that it is pausing the multi-billion-dollar Lunar Gateway program to redirect resources toward establishing a permanent Moon base to be constructed over three phases, representing a fundamental shift in its lunar architecture. Firefly Aerospace is positioned as the primary beneficiary of this change, as the company was the first to successfully land a commercial spacecraft on the lunar surface under NASA's CLPS program and stands to gain from the planned increase to up to 30 robotic landings starting in 2027. MDA faces uncertainty as its in-space robotics technology was expected to play a role in the now-paused Gateway waystation.Investing.comCanada shares higher at close of trade; S&PCanadian equities edged higher on Tuesday with the S&P/TSX Composite Index rising 0.18% at close in Toronto. Methanex Corporation led gainers with a 9.24% surge to 5-year highs, while MDA Ltd fell the most among decliners at 9.96%. Rising stocks outnumbered declining ones by 545 to 404 on the Toronto Stock Exchange, with commodities and currency markets also showing modest movement.Investing.comMDA Q4 2025 slides: record 51% growth, stock dips on outlook By Investing.comMDA Ltd reported record fourth quarter and full-year 2025 results on March 4, 2026, achieving $1.63 billion in revenues (51% year-over-year growth) and adjusted EBITDA of $324 million, both exceeding the company's guidance ranges. Despite the strong performance, MDA's stock declined 1.75% as investors reacted to forward guidance projecting approximately 10% revenue growth for 2026—a significant deceleration from 2025's pace. The company highlighted a $4.0 billion backlog with 90% of 2026 projected revenues already secured, along with key contracts including an approximately $1.1 billion award from Globalstar Inc. for its next-generation LEO constellation.