MDA Space Now Prime Contractor for Globalstar's Satellite Network in Expanded C$1.1B Deal

Dow Jones

2025/02/10

By Adriano Marchese

MDA Space signed a contract to become Globalstar's prime contractor for its satellite constellation, with the agreement now worth a total of 1.1 billion Canadian dollars ($769.6 million).

The Canadian space-technology company said Monday that it will manufacture more than 50 MDA Aurora software-defined digital satellites for Globalstar's low-Earth-orbit constellation.

MDA has been working with a mystery client on a C$350 million authorization-to-proceed contract that analysts have widely believed to be Globalstar and technology company Apple.

In November, Globalstar signed a deal with Apple to deliver expanded services over a new mobile satellite-services network, including a new satellite constellation, expanded ground infrastructure, and increased global MMS licensing.

The definitive contract between MDA Space and Globalstar is a follow-on to the initial authorization-to-proceed contract that MDA announced in 2023 with an undisclosed customer.

MDA said the deal will add about C$750 million of contract value to the company's backlog in the first quarter of fiscal 2025, an addition to the C$350 million that was previously added.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

February 10, 2025 07:04 ET (12:04 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MDA","symbol_name":"MacDonald, Dettwiler and Associates Ltd.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2510855007","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2510855007","pubTimestamp":1739189040,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"MDA Space signed a contract to become Globalstar's prime contractor for its satellite constellation, with the agreement now worth a total of 1.1 billion Canadian dollars .The Canadian space-technology company said Monday that it will manufacture more than 50 MDA Aurora software-defined digital satellites for Globalstar's low-Earth-orbit constellation.MDA has been working with a mystery client on a C$350 million authorization-to-proceed contract that analysts have widely believed to be Globalstar and technology company Apple.In November, Globalstar signed a deal with Apple to deliver expanded services over a new mobile satellite-services network, including a new satellite constellation, expanded ground infrastructure, and increased global MMS licensing.The definitive contract between MDA Space and Globalstar is a follow-on to the initial authorization-to-proceed contract that MDA announced in 2023 with an undisclosed customer.MDA said the deal will add about C$750 million of contract va","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MDA":"MacDonald, Dettwiler and Associates Ltd.","BK4089":"非传统电信运营商","GSAT":"全球星"},"translate_title":"MDA Space现在是Globalstar卫星网络的主承包商，扩大了1.1 B加元的交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GSAT":1,"MDA":1},"content_text":"By Adriano Marchese \n\n\n \n\n\n  MDA Space signed a contract to become Globalstar's prime contractor for its satellite constellation, with the agreement now worth a total of 1.1 billion Canadian dollars ($769.6 million). \n\n\n  The Canadian space-technology company said Monday that it will manufacture more than 50 MDA Aurora software-defined digital satellites for Globalstar's low-Earth-orbit constellation. \n\n\n  MDA has been working with a mystery client on a C$350 million authorization-to-proceed contract that analysts have widely believed to be Globalstar and technology company Apple. \n\n\n  In November, Globalstar signed a deal with Apple to deliver expanded services over a new mobile satellite-services network, including a new satellite constellation, expanded ground infrastructure, and increased global MMS licensing. \n\n\n  The definitive contract between MDA Space and Globalstar is a follow-on to the initial authorization-to-proceed contract that MDA announced in 2023 with an undisclosed customer. \n\n\n  MDA said the deal will add about C$750 million of contract value to the company's backlog in the first quarter of fiscal 2025, an addition to the C$350 million that was previously added. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 10, 2025 07:04 ET (12:04 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}