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Production / Operations Routine +

CANADIAN SPACE AGENCY AND MDA SPACE CONCLUDE CONTRACT FOR REPLENISHMENT SATELLITE VALUED AT $688M

By The Northwire Desk — AI Analysis Jun 24, 2026 · 06:45 MDA · 55.05 MDA SPACE LTD. J
MDA · Price

Executive Summary

  • MDA Space Ltd. has been awarded a $688M contract by the Canadian Space Agency (CSA) to design, build, test, launch, and commission a next-generation synthetic aperture radar (SAR) satellite to replenish the RADARSAT Constellation Mission.
  • The agreement covers the full satellite lifecycle, launch services, and upgrades to ground control, security, and data management systems, following an initial $44.7M long-lead parts contract awarded in December 2025.
  • The satellite will be built on MDA's fourth-generation CHORUS™ platform, manufactured in Montréal, and is slated for launch in late 2026, with the contract value added to MDA's backlog in Q2 of fiscal 2026.

Key Details

  • Contract Value: $688 million
  • Counterparty: Canadian Space Agency (CSA)
  • Scope of Work: Design, build, test, launch, and commission a replenishment SAR satellite; enhance satellite ground control, security, and data management systems.
  • Technology Platform: MDA CHORUS™ (fourth-generation Earth observation system), delivering day-night, all-weather broad surveillance capabilities globally.
  • Preceding Contract: Initial $44.7M contract for long-lead parts awarded in December 2025.
  • Program Context: Part of the Government of Canada's $1,012 billion RADARSAT+ portfolio announced in October 2023 to ensure continuity of the RCM mission and bolster sovereign Earth observation capabilities.
  • Manufacturing & Location: Satellite assembly, integration, and testing will be conducted at the MDA Space facility in Montréal.
  • Financial Impact: Contract value to be recognized and added to MDA Space's backlog in the second quarter of fiscal 2026.
  • Launch Timeline: Expected to launch late in 2026.

Notable Quotes

  • "Every day, Canada and Canadians rely on critical Earth observation technology and data to improve maritime safety, surveil the Arctic, respond to natural disasters and monitor the environment," said Mike Greenley, CEO of MDA Space. "By leveraging our significant commercial investments in MDA CHORUSTM, Canadians will benefit from world leading technologies developed right here in Canada to meet those vital needs."
Read the original news release →

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