Northwire Canada EditionSunday, July 26, 2026
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B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9% B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9%
M&A / Property

MDA SPACE AWARDED CONTRACTS FOR ROYAL CANADIAN NAVY UNCREWED AIRCRAFT SYSTEMS TO ENHANCE MARITIME OPERATIONS

MDA · Price

Executive Summary

  • MDA Space Ltd. has been awarded two significant contracts by the Royal Canadian Navy (RCN) to equip Halifax-class ships with Uncrewed Aircraft Systems (UAS) under the ISTAR UAS project.
  • The acquisition contract is valued at approximately $39 million for the initial procurement of two UAS aircraft, with options to procure four additional systems.
  • An in-service support contract is estimated at $27 million over an initial five-year period, with provisions for extensions up to 20 years.

Key Details

  • Acquisition Contract Value: Approximately $39 million.
  • Initial Procurement: Two state-of-the-art Uncrewed Aircraft Systems (UAS) aircraft.
  • Options: Right to procure four additional UAS systems.
  • In-Service Support Contract Value: Estimated at $27 million.
  • Support Duration: Initial five-year period, with provisions enabling extensions for sustainment services for up to 20 years.
  • Project Scope: Part of the Intelligence, Surveillance, Target Acquisition and Reconnaissance Uncrewed Aircraft Systems (ISTAR UAS) project.
  • Operational Timeline: Initial operational capability anticipated in 2028; full operational capability expected in 2032.
  • Strategic Impact: Enhances RCN's ability to detect and monitor potential maritime threats domestically and abroad, extending situational awareness and operational reach.

Notable Quotes

  • "As a long-time trusted mission partner to Canada, MDA Space is honoured to deliver these advanced uncrewed aircraft systems to the Royal Canadian Navy and to provide our sailors with the modern systems they need to meet their operational missions," said Mike Greenley, CEO of MDA Space.
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