MDA Space expands contract with Globalstar to C$1.1 billion for next-gen satellites

MDA Space

10/02/2025 13:08

Feb 10 (Reuters) - Canadian MDA Space  MDA.TO  said on
Monday that it has expanded its contract with Globalstar
 GSAT.A  to develop the next generation of low Earth orbit
satellites, bringing the total contract value to about C$1.1
billion ($767.19 million).
    MDA Space will manufacture more than 50 advanced digital
satellites for Globalstar, which competes with larger players
such as SpaceX's Starlink, amid a global race to capture market
share in providing satellite-based services.
    The Canadian space technology company will add approximately
C$750 million to its backlog in the first quarter of fiscal
2025. This is in addition to the C$350 million that was already
added when the deal was first announced in late 2023.
    Covington, Louisiana-based Globalstar - which is owned in
part by Apple  AAPL.O  - controls and operates low Earth orbit
satellites for phone and data transmission, as well as
observation services for various clients.
    "With the full contract now in place, we are moving full
speed ahead on the program," said MDA Space CEO Mike Greenley.
    
    
      

($1 = 1.4337 Canadian dollars)


 (Reporting by Zaheer Kachwala in Bengaluru; Editing by Tasim
Zahid)
 ((Zaheer.Kachwala@thomsonreuters.com;))