Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. MDA Ltd.
  6. News
  7. Summary
    MDA   CA55292X1087

MDA LTD.

(MDA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

MDA : awarded next contract for flagship Canadarm3 program

07/26/2021 | 09:02am EST

Receives $35M contract for long-lead Gateway External Robotics Interfaces as part of multi-year, multi-phase $billion+ program

BRAMPTON, ON, July 26, 2021 /CNW/ - MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly-expanding global space industry, today announced that it has been awarded a $35.3 million contract from the Canadian Space Agency (CSA) for the design of the Gateway External Robotics Interfaces (GERI), a key component of Canadarm3 which will be installed on the international Lunar Gateway.

MDA has completed Phase A, the system definition phase of this GERI project. This new contract award covers the preliminary and detailed design of the robotic interfaces (Phases B and C), valued at $35.3 million.

Today's contract announcement is the third contract awarded to MDA in conjunction with the multi-year, multi-phase $1 billion plus Canadarm3 program. MDA expects that a series of ongoing contracts will be issued in line with the major program phases and milestones.

Canadarm3 is Canada's contribution to Gateway, a key element of Artemis, the NASA-led program to establish a sustainable presence on and around the Moon. Once completed, the Gateway will serve as a Moon-orbiting outpost that will sustain human presence on the Moon and as a staging point for the next generation of deep space exploration. In 2020, the Government of Canada announced its intention to enter into a contract with MDA to build Canadarm3.

The Gateway External Robotics Interfaces will provide critical connection points between Canadarm3's large arm and small dextrous arm and items they attach or handle including the Gateway's modules, payloads, replacement units and visiting spacecraft. The interfaces will also allow Canadarm3 to effectively walk around the outpost to perform external inspection, maintenance, repair and logistic activities; assemble and reconfigure the space station; capture and dock visiting spacecraft; load and unload payloads and science experiments; and support astronaut spacewalks.

These standardized connection points will be delivered in advance of Canadarm3 and installed on international partner-contributed modules. This early delivery will support the planned 2024 launch dates for NASA's Habitation and Logistics Outpost (HALO) and the Power and Propulsion Element (PPE), currently under development.

Canadarm3 is the third generation robotic technology developed by MDA to serve as Canada's contribution to an international space exploration endeavour. This advanced AI-enabled robotic system will be highly-autonomous, allowing the robotic elements to perform operations and make decisions during long periods when there is no contact with the Canada-based ground control operations centre.

With unmatched space operations capabilities supporting decades of international space missions, the Canadarm3 program will further strengthen Canada's global leadership in mission-critical space robotics. The program will also position MDA for further expansion into the rapidly emerging global space market.

QUOTE

"Canada is renowned for its ability to deliver advanced operational robotic systems for the most demanding international space missions and MDA is hard at work to develop Canadarm3 to support hundreds of future missions to and from the International Gateway. We are incredibly proud of our partnership with the Canadian Space Agency, and we look forward to leveraging this technology and know-how into commercial space markets while creating jobs in Canada."
—   Mike Greenley, Chief Executive Officer, MDA

RELATED CANADARM3 ANNOUNCEMENTS

https://mda.space/en/article/mda-selected-to-build-robotic-interfaces-for-canadarm3
https://mda.space/en/article/mda-announces-contract-for-canadarm3/ 

QUICK FACTS

  • Canadarm first debuted in 1981, and flew on 90 space shuttle missions.
  • Canadarm2 has been operating on the International Space Station (ISS) for over 20 years.
  • The first elements of Gateway will launch in 2024, with Canadarm3 scheduled to launch in 2026.
  • More than 500 Canadian companies contributed to the Canadarm2 program.
  • MDA boasts 24,000 hours of direct robotic operations experience and over three million hours of engineering support to on-orbit robotic operations – including 100+ free flyer vehicle and satellite captures and 1000+ grasping operations – all with a 100% mission success rate.

LINKS

www.mda.space 
https://www.asc-csa.gc.ca/eng/astronomy/moon-exploration/lunar-gateway.asp 

SOCIAL MEDIA

Twitter:          www.twitter.com/MDA_space  
Facebook:     www.facebook.com/MDAspace 
LinkedIn:       www.linkedin.com/company/mdaspace 
YouTube:       https://www.youtube.com/c/mdaspace 
Instagram:     www.instagram.com/MDA_space

ABOUT MDA

Serving the world from its Canadian home and global offices, MDA (TSX:MDA) is an international space mission partner and a robotics, satellite systems and geointelligence pioneer with a 50-year story of firsts on and above the Earth. With over 2,000 employees across Canada, the US and the UK, MDA is leading the charge towards viable Moon colonies, enhanced Earth observation, communication in a hyper-connected world, and more. With a track record of making space ambitions come true, MDA enables highly skilled people to continually push boundaries, tackle big challenges, and imagine solutions that inspire and endure to change the world for the better, on the ground and in the stars.

SOURCE MDA Ltd.

© Canada Newswire, source Canada Newswire English

All news about MDA LTD.
11/12MDA Swings to Q3 Profit of $0.03 per Share from Year-Ago Loss, Details 2022 Revenue Out..
MT
11/12Earnings Flash (MDA.TO) MDA Reports Q3 Revenue Up 13% YoY to $111.3 million
MT
11/12Earnings Flash (MDA.TO) MDA Reports Q3 EPS $0.03
MT
11/12MDA reports third quarter 2021 results
AQ
11/12MDA Ltd. Provides Earnings Guidance for the Year 2022
CI
11/12NORTH AMERICAN MORNING BRIEFING : Stocks on Track -3-
DJ
11/11MDA Secures Initial Design Phase Contract For Lunar Rover
MT
11/11MDA BRIEF : Says Awarded Initial Design Phase Contract For Lunar Rover
MT
11/11MDA awarded initial design phase contract for lunar rover
AQ
11/11Canadian Space Agency Awards Initial Design Phase Contract for Lunar Rover to MDA Ltd
CI
More news
Analyst Recommendations on MDA LTD.
More recommendations
Financials
Sales 2021 489 M 381 M 381 M
Net income 2021 -0,71 M -0,55 M -0,55 M
Net Debt 2021 11,4 M 8,89 M 8,89 M
P/E ratio 2021 830x
Yield 2021 -
Capitalization 1 242 M 970 M 967 M
EV / Sales 2021 2,56x
EV / Sales 2022 1,74x
Nbr of Employees 2 000
Free-Float 99,5%
Chart MDA LTD.
Duration : Period :
MDA Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MDA LTD.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 10,38 CAD
Average target price 18,70 CAD
Spread / Average Target 80,2%
EPS Revisions
Managers and Directors
Michael Greenley Chief Executive Officer & Director
Vito Culmone Chief Financial Officer
John Carter Risley Chairman
Yaprak Baltacioglu Independent Director
James G. Stavridis Independent Director
Sector and Competitors
1st jan.Capi. (M$)
MDA LTD.0.00%970
SAFRAN-11.91%47 472
TRANSDIGM GROUP INCORPORATED-5.65%32 260
AECC AVIATION POWER CO.,LTD10.53%27 424
HEICO CORPORATION5.34%17 867
AVIC XI'AN AIRCRAFT INDUSTRY GROUP COMPANY LTD.8.59%17 295