MDA Space secures $1.1BN deal with Globalstar for next-gen LEO satellite network

Los Angeles CA (SPX) Feb 12, 2025 MDA Space Ltd. (TSX: MDA), a leading technology partner in the global space sector, has finalized a contract with Globalstar Inc. (NYSE American: GSAT) to serve as the primary contractor for the development of the satellite operator's next-generation low Earth orbit (LEO) constellation. The agreement carries a total contract value of approximately $1.1 billion. Under the terms of the agree

Feb 16, 2025 - 07:28
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MDA Space secures $1.1BN deal with Globalstar for next-gen LEO satellite network
Los Angeles CA (SPX) Feb 12, 2025
MDA Space Ltd. (TSX: MDA), a leading technology partner in the global space sector, has finalized a contract with Globalstar Inc. (NYSE American: GSAT) to serve as the primary contractor for the development of the satellite operator's next-generation low Earth orbit (LEO) constellation. The agreement carries a total contract value of approximately $1.1 billion. Under the terms of the agree