MDA Space posts 32% Q1 revenue growth; satellite manufacturing up 40% on Telesat Lightspeed and Globalstar D2D work
MDA Space reported 32% year-over-year revenue growth in Q1 2026, with satellite manufacturing revenue rising more than 40%. The company tied results to backlog conversion and Satellite Systems growth, saying it remains on schedule to open a high-volume production facility for Telesat Lightspeed and Globalstar D2D satellites, with Globalstar work unchanged under CEO Mike Greenly.