MDA Space eyes U.S., EU defence work as stock jumps on profit increase

Financial Post · Yvonne Lau · 2026-11-05 19:45 UTC

The Brampton space company announced a $30.9 million profit and 22 per cent revenue jump in the third quarter

Canadian space company MDA Space Ltd. said it is eyeing new defence contracts in the United States and Europe to support future growth after announcing profit and revenue jumps in its third quarter.

The Brampton, On.-based company, which makes and designs satellite and robotic systems for space, said its net income grew to $30.9 million in the third quarter, up from $27 million from the same time last year. Its revenue increased to $498.1 million in the quarter, a 22 per cent increase year-over-year boosted by higher volumes of work in its core business line of satellite systems.

MDA reported $0.19 diluted earnings per share for its latest quarter and an adjusted diluted EPS of $0.37.

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