1422 ET - MDA Space will likely take on added costs from its acquisition of SatixFy, but it may not matter when more contracts start rolling in. Citi analyst Jason Gursky says the business is a good acquisition for the space technology company, but SatixFy does have high operating expenditures mostly in research and development, general and administrative. However "MDA is leveraging SatixFy's proprietary technology for its software-defined digital satellite product line called Aurora, which garnered a notable contract with Globalstar," says Gursky. More contracts like this over the longer term will. "We the acquisition to be margin accretive to the extent the company garners additional awards for Aurora and volumes ramp over time," Gursky adds. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
June 23, 2025 14:22 ET (18:22 GMT)
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