MDA Space Ltd. Secures Major Contract with EchoStar for Groundbreaking Satellite Constellation

MDA Space Ltd., a leading technology and service provider in the global space industry, has been selected by EchoStar Corporation as the prime contractor for the world’s first open RAN broadband non-terrestrial network (NTN) low Earth orbit (LEO) direct-to-device (D2D) satellite constellation. This significant contract, announced on August 1, 2025, underscores MDA Space’s pivotal role in advancing satellite technology and connectivity.

The contract, valued at approximately US$1.3 billion (around C$1.8 billion), involves the design, manufacturing, and testing of over 100 software-defined MDA AURORA™ D2D satellites. This initiative is set to revolutionize global connectivity by enabling a wide range of services for consumers, enterprises, and governments worldwide. The constellation will ensure U.S. leadership in D2D connectivity and bolster the space economy.

EchoStar’s LEO constellation aims to provide comprehensive coverage, reaching all 350 million Americans, including Alaska and Hawaii, and extending to over 7 billion people globally. The total estimated cost of EchoStar’s LEO constellation is $5 billion, contributing to the company’s total investment in NTN satellite connectivity, which exceeds $18 billion since 2012.

MDA Space Ltd., headquartered in Brampton, Canada, specializes in robotics, satellite systems, and geointelligence. The company operates on the Toronto Stock Exchange (TSX: MDA) and has a market capitalization of 5 billion CAD. As of July 30, 2025, MDA Space’s close price was 38.8 CAD, with a 52-week high of 45.1 CAD on July 20, 2025, and a low of 11.78 CAD on August 5, 2024. The company’s price-to-earnings ratio stands at 49.738.

In addition to this landmark contract, MDA Space is also conducting an early-phase study for a proposed LUV, as reported on July 29, 2025. This study further highlights MDA Space’s commitment to innovation and its strategic position within the rapidly expanding global space industry.

This partnership with EchoStar marks a significant milestone for MDA Space Ltd., positioning the company at the forefront of next-generation satellite technology and connectivity solutions.