MDA
MDA, with a 55-year history and over 450 missions, operates in communications satellites, Earth and space observation, and space exploration. The company, now rebranded as MDA Space, employs 3,000 people globally and is known for its industry-leading space robotics and satellite manufacturing facilities in Montreal.
Company History
MDA has a 55-year record of groundbreaking achievements, having participated in over 450 missions. This experience has helped establish the company as a leader in the fields of communications satellites, Earth and space observation, and space exploration and infrastructure. In 2024, the company rebranded to MDA Space, further solidifying its mission to advance space technology.
Products
MDA offers a variety of innovative products, including MDA AURORA™, a new software-defined satellite product line unveiled in 2023, and MDA SKYMAKER™, the next generation of space robotics. The company is also developing MDA CHORUS™, a next-generation Earth observation constellation. Additionally, MDA's industry-leading robotics products are derived from the renowned Canadarm technology.
Financial Performance
MDA has demonstrated strong financial performance, with a notable 26% increase in annual revenue to $808 million in 2023 and an adjusted EBITDA growth of more than 20% to $174 million. The company expects full-year 2024 revenues to rise to $950 million–$1.05 billion and forecasts adjusted EBITDA to be $190–$210 million. MDA finished 2023 with a record backlog of $3.1 billion, up 125% over the previous year.
Key Contracts and Projects
MDA has been awarded significant contracts, including a $250 million contract extension to support robotics operations on the International Space Station (ISS). The company provides robotics flight controllers and ensures the operational readiness of the Mobile Servicing System (MSS) on the ISS. Additionally, MDA's satellite manufacturing facilities in Montreal are among the industry's leading facilities.
Workforce and Talent Development
Employing 3,000 people globally, MDA places a strong emphasis on talent development through co-op and work term programs for students. These initiatives are designed to cultivate the next generation of space industry professionals, ensuring the company's future innovation and growth. Significant investments in research and development further fuel MDA’s capabilities and advancements in technology.