MDA Space Ltd. Secures Large Antenna Contract from Airbus for OneWeb Constellation Extension

MDA Space Ltd. (TSX: MDA), a technology and services provider for the global space industry, announced on 20 April 2026 that it has been awarded a substantial antenna supply contract by Airbus. The agreement involves the manufacture of more than 880 Ka‑band antennas and 440 Ku‑band antennas for the OneWeb constellation extension.

Contract Details

  • Customer: Airbus, a major aerospace and defense contractor.
  • Project: Antennas for the OneWeb satellite constellation, which is expanding its low‑Earth‑orbit (LEO) network to support global broadband services.
  • Scope: Production of Ka‑band and Ku‑band antennas, key components for satellite communications that provide high‑throughput data links.

The contract underscores MDA Space’s position as a supplier of critical satellite hardware, reinforcing its reputation for delivering advanced robotic, satellite, and geointelligence solutions to Canadian and international customers.

Market Context

MDA Space’s share price closed at CAD 46.21 on 20 April 2026, within a 52‑week range of CAD 20.85 to CAD 50.98. The company’s market capitalization stands at CAD 6.68 billion, and its price‑to‑earnings ratio is 56.63. The new Airbus contract is expected to contribute positively to MDA’s revenue stream and support its strategy of expanding product offerings within the space sector.

The OneWeb constellation represents a significant growth area in the satellite‑based broadband market. By supplying antennas for this expansion, MDA Space positions itself at the forefront of LEO network development. The contract also reflects Airbus’s ongoing commitment to sourcing components from specialized North‑American suppliers, strengthening the supply chain for global satellite deployments.

Summary

MDA Space Ltd.’s recent contract with Airbus to supply Ka‑band and Ku‑band antennas for the OneWeb constellation extension demonstrates the company’s continued growth within the space industry. The agreement highlights MDA’s capabilities in high‑performance satellite hardware and supports its strategic focus on servicing the expanding global broadband market.