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The >$100M ATP adds meaningful backlog and validates the Aurora DRA technology within a high-profile EU program, supporting longer-term revenue visibility. Immediate price reaction may be modest due to the multi-year timeline, but the deal signals potential follow-on awards and strengthens valuation through backlog growth.
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MDA Space announced an authorization to proceed with Thales Alenia Space to deliver MDA AURORA broadband digital phased array antennas for 66 Layer 1 IRIS2 satellites, valued over $100 million. The contract supports a 2029 launch and adds to MDA Space's backlog, signaling strong adoption of Aurora DRA for Europe’s secure connectivity initiative. Revenue will be recognized as milestones are met, with potential follow-on work from the IRIS2 program.
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