MDA Space shares up after signing $1.1B deal with Globalstar
Feb 10, 2025 | 8:35 PM
-
Share on Facebook
-
Share on Bluesky
-
Share on X
- Copy Link
BRAMPTON, Ont. — Shares of MDA Space Ltd. were up more than 10 per cent after it signed a contract worth $1.1 billion with satellite operator Globalstar Inc.
Shares in MDA rose $2.83 to $24.75 in early trading on the Toronto Stock Exchange.
Under the agreement, MDA will be the prime contractor for a low Earth orbit constellation of satellites.
It will build more than 50 satellites for Globalstar.
