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MDA Reports First Quarter Fiscal 2021 Financial Results - Q1 Revenue up 19.6%
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Richmond, BC, May 14, 2021--MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, announced its financial results for the three-month period ended March 31, 2021. Total revenue in the three month period ended March 31, 2021 was $123.4 million, up $20.2 million or 19.6% over the same three month period ended March 31, 2020 ("Q1 2020").
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MDA Selected for Major Role on Telesat Lightspeed
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Richmond, BC, February 22, 2021--MDA announced that it has been selected to provide one of the critical technology subsystems on Telesat Lightspeed, the Low Earth Orbit (LEO) satellite broadband network recently unveiled by Telesat, one of the world's largest satellite operators.
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SpaceTech Pioneer MDA Announces Appointment of Vito Culmone as Chief Financial Officer in Advance of Possible IPO
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Richmond, BC, February 24, 2021--MDA announced the appointment of Vito Culmone as the company's new Chief Financial Officer (CFO). Mr. Culmone will play an integral role on the executive team with his deep expertise in finance leadership and strategic planning. He will assume his new position at MDA in early March. The Globe and Mail reported in an indepth feature that MDA's investors have said they expect MDA to one day be a public company again, and unnamed sources have indicated this could come in first half of 2021.
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MDA Receives Commercial Contracts for on-Orbit Servicing Technologies
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Richmond, BC, November 30, 2020--MDA announced that it has signed multiple contracts with Maxar Technologies to provide advanced space robotics technologies for the Space Infrastructure Dexterous Robot (SPIDER), a technology demonstration on NASA's On-orbit Servicing, Assembly, and Manufacturing 1 (OSAM-1) mission.
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