| | |

MDA Space Signs $1.1b Contract with Globalstar to Build Next Generation Leo Constellation

February 11, 2025

MDA Space Signs $1.1b Contract with Globalstar to Build Next Generation Leo Constellation

MDA Space will manufacture more than 50 MDA AURORA™ software-defined digital satellites for Globalstar

MDA Space Ltd., a trusted mission partner to the rapidly expanding global space industry, has announced that it has signed a definitive contract with Globalstar Inc. (NYSE American: GSAT) to be the prime contractor for the satellite operator’s next generation low Earth orbit (LEO) constellation, with a total contract value of approximately $1.1 billion*.

As part of the definitive contract for the full LEO constellation, MDA Space will manufacture more than 50 MDA AURORA™ software-defined digital satellites for Globalstar.

“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.”

The definitive contract announced on February 10th is a follow-on to an initial Authorization to Proceed (ATP) contract with an undisclosed customer, previously announced on November 17, 2023.

A contract value of approximately $750 million will be added to the company’s backlog in the first quarter of fiscal 2025. This amount is in addition to the ATP value of approximately $350 million that was previously added to backlog, for a total value of $1.1 billion under the definitive contract.

*Contract value is stated in CAD. Management assumed US/CAD exchange rate of 1.43.

ABOUT MDA SPACE

Building the space between proven and possible, MDA Space (TSX:MDA) is a trusted mission partner to the global space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure.

The MDA Space team of more than 3,000 space experts in Canada, the US and the UK has the knowledge and know-how to turn an audacious customer vision into an achievable mission – bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that’s been in our DNA since day one. For those who dream big and push boundaries on the ground and in the stars to change the world for the better, we’ll take you there. For more information, visit www.mda.space.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking information within the meaning of applicable securities legislation, which reflects the Company’s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information.

Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in the Company’s Annual Information Form available on SEDAR+ at www.sedarplus.com. MDA Space does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

Source

Related Story

MDA Doubles Satellite Manufacturing Capacity as It Ramps Up MDA AURORA™ Production to Meet Growing Global Demand

MDA, a trusted mission partner to the rapidly expanding global space industry, has announced that construction is underway on a 185,000 square foot expansion at its satellite production facility in Sainte-Anne-de-Bellevue, Quebec. Once completed, it will be the world’s largest high-volume manufacturing facility in its satellite class, with capacity to deliver up to two MDA AURORA™ digital satellites a day.

Related Articles


Latest Articles

  • ABB Contactor Selection Guide Canada

    October 1, 2025 ABB contactors are among the most reliable electrical switching devices in industrial automation. As Canada’s leading ABB authorized distributor, Proax has helped thousands of engineers and technicians select the right ABB contactor for their applications. Whether you’re designing a new motor control panel or replacing existing equipment, choosing the right ABB contactor can… Read More…

  • 25 Advanced Motion Control Questions Answered

    October 1, 2025 Electromate has compiled a list of 25 advanced mechatronic engineering FAQs covering inertia, vibration, servo safety, control tuning, encoder resolution, and motion system design, and provided answers from their team of experts across the country. How do I model moment loading in real-world applications with offset payloads? Moment loading should be calculated… Read More…


Featured Article

Revolutionizing Material Movement with Autonomous Mobile Robots

Revolutionizing Material Movement with Autonomous Mobile Robots

In today’s fast-paced manufacturing and logistics industries, the need for efficient and flexible material movement solutions has never been greater. Traditional methods like conveyor systems, forklifts, and manual pushcarts have served us well, but they come with limitations.

That’s why Omron is thrilled to announce the launch of their game-changing MD Series of Autonomous Mobile Robots (AMRs). Read more


Products

  • Schneider Electric Unveils New AI Data Centre Reference Designs with NVIDIA

    October 6, 2025 Schneider Electric, a leader in the digital transformation of energy management and automation, has announced new reference designs developed with NVIDIA that significantly accelerate time to deployment and aid operators as they adopt AI-ready infrastructure solutions. The first reference design delivers the industry’s first and only critical framework for integrated power management and liquid… Read More…

  • PISA-M Electronic Circuit Breakers: New NEC Class 2 Compliant Variants Available

    October 6, 2025 PULS introduces new 4-channel electronic circuit breakers designed specifically for power distribution in NEC Class 2 circuits, expanding the existing PISA-M series. PISA-M enables the safe distribution of load current into four individual Class 2 circuits. This offers a cost-effective alternative to multiple individually approved NEC Class 2 compliant power supplies, reducing both acquisition costs and… Read More…