MDA SPACE SELECTED BY ECHOSTAR FOR WORLD'S FIRST OPEN RAN D2D LEO CONSTELLATION
1. EchoStar selects MDA Space for LEO satellite constellation contract. 2. Initial contract valued at approximately $1.3 billion for 100 satellites. 3. Contract may increase to $2.5 billion for 200 satellites with options. 4. EchoStar aims to provide global 5G services directly to handheld devices. 5. Commercial service expected to start in 2029 after satellite delivery.