MDA Space reports 34% revenue growth and expands defense strategy

MDA Space has reported significant growth, with Q2 revenue increasing by 34%. The company’s backlog has rebounded to a pro forma value of C$4.4 billion, supported by a 1.6x book-to-bill ratio.

As part of a broader platform strategy, MDA Space is pursuing acquisitions of Blue Canyon Technologies and CLS. These moves are intended to expand geointelligence capabilities and access to the US defense market, though they introduce risks related to debt, dilution, and integration. The company has raised its 2026 revenue guidance midpoint to C$1.85 billion.