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MDA Space lands $688 million CSA contract for RADARSAT replenishment satellite

Jun 24, 2026, 6:50 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

A material near-term contract worth hundreds of millions boosts MDA Space's visibility and backlog; potential upside to revenue timing and margins if execution aligns, though the impact depends on timely delivery and funding approvals.

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What happened, with direct paths to the underlying reporting

MDA Space has been awarded a $688 million CSA contract to design, build and launch a replenishment SAR satellite for the RADARSAT Constellation Mission. The project includes ground-control and data-management enhancements and will utilize MDA CHORUS TM tech. The backlog is set to grow in Q2 FY2026 with a late-2026 launch.

MDA Space awarded $688M CSA contract for replenishment SAR satellite.
CHORUS TM-based satellite; launch late 2026; strengthens RCM program.
Backlog added to MDA Space in Q2 FY2026.
Government RADARSAT+ portfolio supports sovereign Earth observation.

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