MDA Space Stock Surges on $474M Telesat Satellite Contract

By EC Assets · Published 4 August 2026 · Updated 4 August 2026

MDA Space's stock experienced a surge following the announcement of a significant contract. The company secured a $474 million contract from Telesat. This development has drawn investor attention to MDA Space's market performance. The contract with Telesat is valued at $474 million. This agreement centers on satellite technology and services. The financial terms of the deal were disclosed. This article is intended for informational purposes only. It does not constitute investment advice.