Insider Brief
- MDA Space has signed a major contract with Globalstar to support the satellite operator’s next-generation low Earth orbit constellation, valued at approximately CAD $1.1 billion.
- Under this agreement, MDA Space will act as the prime contractor, responsible for manufacturing over 50 MDA AURORA™ software-defined digital satellites for the new LEO network.
- This contract builds on an earlier Authorization to Proceed agreement made in November 2023 and adds $750 million to MDA’s backlog.
MDA Space Ltd. announced has signed a major contract with Globalstar Inc. to support the satellite operator’s next-generation low Earth orbit (LEO) constellation, valued at approximately $1.1 billion CAD. Under this agreement, MDA Space will act as the prime contractor, responsible for manufacturing over 50 MDA AURORA™ software-defined digital satellites for the new LEO network.
“We are pleased to once again be working with Globalstar as they develop their next generation LEO constellation,” said Mike Greenley, CEO of MDA Space. “With the full contract now in place, we are moving full speed ahead on the program.”
This contract builds on an earlier Authorization to Proceed (ATP) agreement made in November 2023 and adds an additional $750 million to MDA’s backlog. The total value of the full contract, including previous orders, is set at $1.1 billion. The contract’s impact will be felt in fiscal 2025 when the additional amount is added to the company’s backlog.
Image credit: MDA Space
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