MDA Space reported Q3 revenue of $409.8 million, up 45.1% year‑over‑year, and reaffirmed guidance as satellite units drove growth. The Canadarm3 maker warned of supplier delays on Globalstar and CHORUS builds and said a $1.8bn EchoStar contract termination won’t alter its outlook while a termination payment is pending.
Discovered |
Briefing
MDA posted Q3 revenue of $409.8M, a 45.1% YoY increase, and reiterated guidance — a key indicator of near‑term financial resilience despite contract and supply pressures.
Supplier delays on Globalstar and CHORUS builds could affect delivery schedules for major constellations; this development coincides with EchoStar's recent move away from its LEO direct‑to‑device push (see its decision to abandon LEO direct‑to‑device) and regulatory clearance around the company's spectrum sales.
The report arrives against a backdrop of industry consolidation and competition in satellite manufacturing — major European OEMs are combining units to build scale to challenge large broadband/D2D players (see the planned European satellite unit consolidation).
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Space Intel Report
• Peter B de Selding