Magellan Aerospace Leads Satellite Space Monitoring Project

Magellan Aerospace (TSE:MAL) has released an update.

Magellan Aerospace and the University of Manitoba are spearheading the Redwing microsatellite project to monitor space objects, funded by Canada’s Department of National Defence. The project, valued at $15.8 million, aims to maintain space sustainability and includes an additional nanosatellite, LISSA, to enhance space domain awareness. These initiatives represent a collaborative effort between industry, academia, and government to advance space security and exploration.

For further insights into TSE:MAL stock, check out TipRanks’ Stock Analysis page.