MDA Space Embarks on Billion-Dollar Space Endeavor

MDA Ltd (TSE:MDA) has released an update.

MDA Space Ltd. has secured a monumental $1 billion from the Canadian Space Agency for the Canadarm3 project, which will play a pivotal role in the NASA-led Gateway lunar space station under the Artemis program. This contract propels MDA Space forward in the commercial space robotics market, with expectations of the Canadarm3 enhancing Canada’s innovative footprint in the next phase of lunar exploration. The company’s expansion into commercial technologies positions it as a leader in the burgeoning space economy, offering a range of services from lunar rovers to in-space assembly.

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