1105 GMT - MDA Space may be the front-runner to win another Apple-related satellite contract, Benoit Poirier of Desjardins says in a note. The WSJ reported that Apple has explored investments in EchoStar to provide more satellites/spectrum to support iPhone connectivity. The analyst says he thinks MDA could win this given that "MDA is close to winning a contract for another large D2D satellite constellation." He says that Apple's close ties to MDA through two previous Globalstar constellation orders as well as its large capacity and spectrum needs "leads us to being fairly confident that MDA is the OEM satellite manufacturer front-runner for this upcoming Apple-EchoStar constellation." Poirier says this would be a big positive for the business, if true. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
April 01, 2025 07:06 ET (11:06 GMT)
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