MDA Space Expands Contract With Globalstar

MDA Space adds $750-million to Globalstar-Apple satellite deal
It’s also thanks to Apple’s push into space. Last November, Globalstar announced it had raised US$1.5-billion in financing from the tech giant to fund the construction of a new low Earth orbit satellite constellation. As part of the deal, Apple took a 20-per-stake in a Globalstar-controlled entity that will own the resulting infrastructure.
MDA Space expands contract with Globalstar to C$1.1 billion for next-gen satellites
Canadian MDA Space said on Monday that it has expanded its contract with Globalstar to develop the next generation of low Earth orbit satellites, bringing the total contract value to about C$1.1 billion ($767.
MDA Space secures $1.1B contract with Globalstar
MDA Space (TSX:MDA:CA) signed a contract with Globalstar (NYSE:GSAT) to be the prime contractor for the satellite operator's next-generation low Earth orbit (LEO) constellation, with a total contract value of ~$1.
MDA SPACE SIGNS $1.1B CONTRACT WITH GLOBALSTAR TO BUILD NEXT GENERATION LEO CONSTELLATION
MDA Space Ltd. (TSX: MDA), a trusted mission partner to the rapidly expanding global space industry, today announced that it has signed a definitive contract with Globalstar Inc. (NYSE American: GSAT) to be the prime contractor for the satellite operator's next generation low Earth orbit (LEO) constellation,
MDA Space Now Prime Contractor for Globalstar's Satellite Network in Expanded C$1.1B Deal
MDA Space signed a contract to become Globalstar's prime contractor for its satellite constellation, with the agreement now worth a total of 1.1 billion Canadian dollars ($769.6 million).
Satellites for iPhones: Globalstar approves the construction of a new generation
Behind the mere contractual agreement with a Canadian company could be a constellation already registered in Germany in 2020.
MDA Space shares up after signing $1.1B deal with Globalstar
Shares of MDA Space Ltd. were up more than 10 per cent after it signed a contract worth $1.1 billion with satellite operator Globalstar Inc. Shares in MDA rose $2.83 to $24.75 in early trading on the Toronto Stock Exchange.
MDA Space Shares Lift on Prime Contractor Role for Globalstar's Satellite Network
MDA Space shares rose Monday morning after the company signed a contract to become Globalstar's prime contractor for its satellite constellation for an added 750 million Canadian dollars ($524.7 million). Shares traded 11% higher at C$24.23.
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