"As a CEO, you get to make a small number of strategic decisions including putting smart people in the right roles and giving them the room, encouragement and investment to lead," said
Since taking the company public in 2021,
In 2023, Mike and the MDA Space Satellite Systems team elevated MDA's position as a satellite market leader with several significant and strategic moves, including two global constellation wins, a strategic acquisition, and the launch of a game-changing digital satellite product line, while simultaneously expanding MDA's high-volume manufacturing capabilities and operational footprint. These accomplishments include:
- Selection as prime contractor for the 198-satellite Telesat Lightspeed constellation with options for up to 100 additional satellites. The contract, valued at approximately
$2.1 billion , is the largest in company's history. - The acquisition of the digital payload division of SatixFy Communications Ltd, bolstering the company's digital satellite leadership and adding digital payload expertise and capacity.
- The introduction of a new software-defined digital satellite product line, leveraging standardized product development and high-volume manufacturing and changing the game for operators by improving constellation performance at reduced cost and time to market. Earlier this week, the company announced
MDA AURORA as the new name for the product line; and - The announcement of a second major constellation award with a
$180 million authorization-to-proceed contract for a new Non-Geostationary Orbit (NGSO) satellite constellation.
To meet the needs of the growing global commercial space market,
- MDA CHORUS, a fourth-generation Earth observation constellation that builds on the legendary RADARSAT program that will provide market-leading data and insights; and,
- A new suite of cost-effective, flexible and readily-available commercial space robotics that can serve a variety of missions, leveraging best-in-class technology derived from Canadarm3.
Building the space between proven and possible,
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.
SOCIAL MEDIA | |
LinkedIn: | linkedin.com/company/mdaspace |
X: | twitter.com/MDA_space |
Facebook: | facebook.com/MDAspace |
YouTube: | youtube.com/c/mdaspace |
Instagram: | instagram.com/MDA_space |
View original content to download multimedia:https://www.prnewswire.com/news-releases/mda-space-ceo-mike-greenley-named-2023-satellite-executive-of-the-year-302096335.html
SOURCE
© Canada Newswire, source