Foreign issuer report

Summary

• MDA Space will supply Telesat LEO ULC with additional MDA AURORA next-generation broadband satellites as Telesat expands its Lightspeed LEO constellation.
• Telesat is expanding its constellation by 69 satellites, bringing the total fully funded satellites from 156 to 225, and for MDA Space this is an increase of 27 satellites over the previously announced 198.
• MDA Space increased the total contract value by $474 million, which includes new satellites, the addition of 500 MHz of military Ka-band replacing the same amount of commercial Ka-band spectrum, and other long-lead items.
• The Government of Canada announced MDA Space will serve as prime contractor for end-to-end mission delivery of the ESCP-P program's secure UHF and X-band MEO constellation, with Telesat as a subcontractor.
• All MDA AURORA satellites for the Telesat Lightspeed constellation will feature 500 MHz of military Ka-band spectrum and will be built at the company's manufacturing facility in Montreal.
• The majority of the $474 million contract value increase will be added to the company's backlog in the third quarter of 2026, as some long-lead-time items were previously added.

Why it mattersThe order expands MDA Space's Telesat Lightspeed manufacturing scope to 225 satellites and adds $474 million in contract value, most of which enters backlog in Q3 2026. It also names MDA prime contractor for Canada's ESCP-P MEO defence constellation.