MDA SPACE AWARDED $60 MILLION FOR NEXT PHASE OF RIVER-CLASS DESTROYER

BRAMPTON, ON, June 24, 2025 /PRNewswire/ - MDA Space Ltd. (TSX: MDA) today announced that it has been awarded next phase contracts for the delivery and integration of two critical sensor systems for the River-class Destroyer (RCD) program. The contracts, valued at $60 million, are for the delivery and integration of sensor systems for the first three ships that improve situational awareness and protect the ships against laser and optical guided threats.

Once delivered, the RCD fleet will provide advanced and multi-mission combat ships, equipped with next generation capabilities to support and protect the men and women of the Royal Canadian Navy as they fulfill their wide range of critical missions. The MDA Space sensors are being designed and developed in Richmond, B.C., Halifax, N.S. and Brampton, Ontario.

"As a headquartered Canadian company and a long-term trusted mission partner to Canada's Department of National Defence, MDA Space is proud to work with Canada's world-leading defence industrial base to deliver next generation naval sensors for the River-class Destroyer program," said Mike Greenley, CEO of MDA Space. "We value our role in helping to deliver this important fleet and capability to the Royal Canadian Navy and look forward to seeing these ships launched and operationalized in the years ahead."

Irving Shipbuilding Inc. will build the new River-class Destroyers at Halifax Shipyard as part of the National Shipbuilding Strategy, the Government of Canada's long-term strategy to renew the federal fleet and reinvigorate the shipbuilding sector vital to Canadian sovereignty. Lockheed Martin Canada is leading the combat management system design and integration team which includes MDA Space, CAE, L3 Harris, Ultra, BAE and others.

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 3,400 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 www.mda.space. 

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SOURCE MDA Space