MDA Space is primed for a stratospheric production bump.
Driving the news: MDA Space CEO Mike Greenley told BNN Bloomberg the Canadian spacetech company will make up to two satellites per day when its new Montreal plant goes online, up from its current rate of just one a week.
Earlier this week, MDA released its Q4 earnings for 2025, posting both a record quarterly revenue of $499 million and record annual revenue of $1.6 billion.
Why it matters: MDA is projecting increased demand for its satellites amid a global defence boom. The satellites are particularly coveted because of their advanced design, which, unlike traditional satellites, allows for in-orbit reconfiguration to adapt to mission changes on the fly.
MDA is at the forefront of the Canadian military’s spending spree. Along with Telesat, it was selected to be part of the new federal Defence Investment Agency’s first procurement, tasked with conducting initial work on Arctic satellite communications.
Globally, MDA has recently signed a memorandum of understanding to help build South Korea’s satellite defence constellation and a contract with the U.S. Missile Defense Agency that could potentially lead to working on the Golden Dome project.
Zoom out: MDA is also bringing its defence business down to Earth (literally), with a new subsidiary called 49North that’s focused on land, air, maritime, and joint operational defence.
What they’re saying: “[Space and defence capabilities are] a great soft-power trade tool for us,” Greenley told Bloomberg News. “If Canada buys this from your country, how about you buy some space-based surveillance or space-based communications from Canada?”—QH