MDA Space Ltd. reported second quarter 2026 financial results for the period ended June 30, 2026. Consolidated revenues reached $498.6 million Canadian dollars, a 33.6% year-over-year increase driven by higher work volumes in Satellite Systems and Robotics & Space Operations. Adjusted EBITDA rose 26.2% to $96.3 million with a margin of 19.3%, while adjusted net income increased 12.9% to $51.8 million. The company ended the quarter with a backlog of $4,003.0 million and a net cash position of $152.8 million. Management narrowed its full-year 2026 revenue guidance to $1.8–$1.9 billion and adjusted EBITDA guidance to $330–$370 million. The company operates in the global space technology industry, providing satellite systems, robotics, and geointelligence services.

MDA Space Ltd. reported Q2 2026 revenues of $498.6 million CAD, up 33.6% year-over-year, driven by higher work volumes across Satellite Systems, Robotics & Space Operations, and Geointelligence. Net income was $27.9 million CAD, with diluted EPS of $0.20. The company announced a definitive agreement to acquire Blue Canyon Technologies LLC for US$620 million, expected to close by end of 2026. Subsequent to quarter-end, MDA Space completed a bought-deal equity offering of 23 million shares at US$35.60 per share, raising approximately US$819 million, and issued $600 million in 6.50% senior unsecured notes due 2033. Proceeds from both transactions are intended to fund the Blue Canyon acquisition and a proposed ~70% stake purchase in CLS for €567 million. MDA Space operates in the space technology industry, providing satellite systems, robotics, and geointelligence solutions.

MDA Space Ltd. closed a C$600 million private placement of 6.50% senior unsecured notes due in 2033, led by RBC Capital Markets, BMO Capital Markets, and Scotiabank. The company intends to use the net proceeds to fund a portion of the purchase price for its acquisition of Blue Canyon Technologies LLC (BCT), announced on June 19, 2026, along with related fees. The acquisition is expected to close by the end of 2026 and will provide MDA Space with a strategic manufacturing footprint in the U.S. government defense space market. If the acquisition does not close, MDA Space must redeem all outstanding notes at 100% of principal plus accrued interest. MDA Space Ltd. operates in the global space industry, providing robotics, satellite systems, and geointelligence solutions.

MDA Space Ltd. has been awarded a $474 million follow-on contract to supply additional MDA AURORA satellites for the Telesat Lightspeed low Earth orbit constellation, increasing its total manufacturing commitment from 198 to 225 satellites. The order includes 69 new satellites and adds 500 MHz of military Ka-band spectrum to replace commercial capacity, supporting both commercial and Canadian defence objectives under the ESCP-P program. MDA Space will also serve as prime contractor for a separate secure UHF and X-band constellation in Medium Earth Orbit, with Telesat acting as subcontractor. The majority of the $474 million increase will be added to backlog in Q3 2026. MDA Space Ltd. is a global leader in space systems, robotics, and satellite manufacturing.

On July 8, 2026, MDA Space Ltd. entered into a firm offer to acquire a majority interest (approximately 70%) in Collecte Localisation Satellites (CLS) for approximately €567 million (C$920 million) in cash. To fund the acquisition and potentially retire €198 million of CLS's existing debt, the company completed a bought deal equity offering on July 14, 2026, issuing 23,000,000 common shares at US$35.60 per share for aggregate gross proceeds of US$819 million. The offering included an over-allotment option for up to 3,450,000 additional shares. The acquisition is expected to close by late 2026 or early 2027, subject to regulatory approvals and employee consultation procedures. MDA Space operates in the space industry, providing satellite systems and space robotics.