MDA Space (MDA) Jefferies Virtual Space Summit summary

Company mission and differentiation

• Mission is to bridge the space between proven and possible, leveraging 55 years of heritage and over 450 successful missions.

• Heritage provides reliability, deep expertise, and a mission-focused approach, fostering strong customer relationships.

• Focus on understanding and solving the entire customer mission, not just supplying components.

Core capabilities and market trends

• Three core capabilities: synthetic aperture radar-based Earth observation, space-based robotics, and space-based communication satellites.

• All core areas are becoming more commercial and digital, with technology transformation underway.

• Space-based communications is currently the fastest-growing segment, with robotics and geointelligence also expanding.

• Company has achieved 25% annual growth over the past three years and expects 20%-30% growth for the next five years.

Growth drivers and sustainability

• Geointelligence is steady, with growth expected as new customers onboard RADARSAT-2 and anticipate CHORUS launch in late 2025.

• Robotics growth driven by Canadarm3 for Lunar Gateway and the commercial SkyMaker product line.

• Robotics sustainability supported by commercial space stations, lunar missions, and recurring revenue from operations.

• Satellite systems growth fueled by broadband, direct-to-device, and IoT communications, with business from initial, expansion, and replacement satellite orders.

• Replacement cycles for satellites are shortening, especially in LEO, due to technology refresh and business models.