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MDA (TSX: MDA, NYSE: MDA) provided a market update on March 24, 2026 regarding changes to NASA's Artemis mission.
The company said its Canadarm3 contract with the Canadian Space Agency remains unchanged, the program is in design phase, and Canadarm3 can pivot to low Earth orbit, cislunar, or Lunar surface roles.
MDA Space (NYSE: MDA) announced on March 20, 2026 that underwriters exercised the over‑allotment option to buy an additional 1,344,071 common shares at US$30.50 each, raising approximately US$41 million. That increases total gross proceeds of the offering to about US$341 million.
The offering was led by J.P. Morgan and RBC Capital Markets with several joint active bookrunners. Proceeds are intended for growth activities, potential acquisitions or investments, and possible repayment of credit facility amounts.
MDA (TSX: MDA) was awarded a contract valued at approximately $32 million by Canada’s Defence Investment Agency to deliver three Ground-Based Optical observatories for the Department of National Defence’s Surveillance of Space 2 program.
By 2028 MDA will build, operate and provide long-term sustainment for sites in Alberta, Manitoba and New Brunswick to augment Sapphire-based space surveillance.
MDA Space (TSX: MDA, NYSE: MDA) closed its initial public offering in the United States on March 16, 2026, issuing 9,836,065 common shares at US$30.50 per share for gross proceeds of approximately US$300 million.
Proceeds are intended to fund growth initiatives, customer expansion, potential acquisitions or investments, general corporate purposes, and partial repayment of existing credit facility balances.
New York Stock Exchange published a pre-market update for March 12, 2026 highlighting volatile equities, elevated oil prices, and key market events.
MDA Space (NYSE: MDA) will celebrate its IPO with CEO Mike Greenley ringing the opening bell on March 12, 2026. Other items include Revolut's full UK banking license and market headlines available via the NYSE TV App.