MDA Space (MDALF) announced that it has signed a definitive contract with Globalstar (GSAT) to be the prime contractor for the satellite operator’s next generation low Earth orbit constellation, with a total contract value of approximately C$1.1B. As part of the definitive contract for the full LEO constellation, MDA Space will manufacture more than 50 MDA AURORATM software-defined digital satellites for Globalstar. The definitive contract announced today is a follow-up to an initial Authorization to Proceed contract with an undisclosed customer, previously announced on November 17, 2023. A contract value of approximately C$750M will be added to the company’s backlog in the first quarter of fiscal 2025. This amount is in addition to the ATP value of approximately C$350M that was previously added to the backlog, for a total value of C$1.1B under the definitive contract.
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