MDA SPACE AWARDED $1B CONTRACT TO DESIGN AND DELIVER CANADARM3 FLIGHT SYSTEM

Follow-on contract kick-starts multi-year build phase,
advances MDA Space commercial space robotics leadership position

BRAMPTON, ON, June 27, 2024 /PRNewswire/ - MDA Space Ltd. (TSX: MDA), a trusted mission partner to the rapidly expanding global space industry, today announced that it has been awarded $1 billion from the Canadian Space Agency (CSA) for the next phases of the Canadarm3 program. The most advanced space robotics system ever conceived, Canadarm3 will be used aboard Gateway, a multinational collaboration led by NASA to establish a space station in lunar orbit to support human and robotic missions to the surface of the Moon – a key element of the Artemis program.

The contract includes funding for Phase C (final design) and Phase D (construction, system assembly, integration and test) of the full robotics system, comprised of a large arm, a smaller dexterous arm, specialized tools for performing maintenance and science tasks, as well as a ground segment for command and control. MDA Space will support commissioning of the Canadarm3 robotics system once in orbit from the company's new mission control facility at its global headquarters and Space Robotics Centre of Excellence in Brampton, Ontario. The contract will also include planning and personnel training in preparation for on-orbit mission operations.

"We are entering an exciting period where Canadarm3 will take shape and come to life on our production floor. This critical investment in Canadarm3 reinforces and expands our national and industry leadership as a new era of space opens up," said Mike Greenley, Chief Executive Officer of MDA Space. "This major milestone also reflects our strategy in action as we build our significant backlog and bring to market a new generation of commercial space products and services."

Leveraging technology derived from Canadarm3, MDA Space has introduced a new suite of commercial space robotics, MDA SKYMAKER^TM, which will provide customers globally with access to the world's most flight-proven space robotics solutions and services. This contract is a key milestone in continuing to progress the development of our commercial technologies that will serve emerging markets such as commercial space stations, lunar surface rovers and landers, satellite servicing in all orbits, and in-space assembly and manufacturing. With commercialization being an important goal of the Canadarm3 program, MDA Space is already gaining traction in the rapidly-growing commercial space market.

"This contract highlights Canada's commitment to the next chapter of lunar exploration. Building on the legacy of strategic investments in space robotics, Canadarm3 showcases our commitment to innovation," added the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry. "Beyond enhancing Canada's position of developing and retaining top talents and world-renowned innovators, this initiative supports high-quality jobs and opportunities for growth within the country's expanding space sector." 

Phase C and D of the contract will involve over 200 Canadian companies in the MDA Space supply chain, supporting job creation, skills development and economic and export opportunities for the Canadian space industry.

The contract is expected to run until March 2030, and will be added to MDA's backlog in the second quarter of fiscal 2024.

ABOUT MDA SPACE

Building the space between proven and possible, MDA Space (TSX: MDA) is a trusted mission partner to the global space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The MDA Space team of more than 3,000 space experts in Canada, the US and the UK has the knowledge and know-how to turn an audacious customer vision into an achievable mission – bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that's been in our DNA since day one. For those who dream big and push boundaries on the ground and in the stars to change the world for the better, we'll take you there. For more information, visit mda.space.

FORWARD-LOOKING STATEMENTS

This press release contains forward–looking information within the meaning of applicable securities legislation, which reflects the Company's current expectations regarding future events. Forward–looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward–looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under "Risk Factors" in the Company's Annual Information Form available on SEDAR+ at www.sedarplus.com. MDA Space does not undertake any obligation to update such forward–looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

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SOURCE MDA Space