Photo: MDA Space

MDA Space grew revenue 54% year-over-year in the second quarter of 2025 as the Canadian manufacturer ramps up work for satellite constellation customers. MDA Space reported revenues of $373.3 million Canadian dollars in the second quarter. 

The Satellite Systems business grew revenue 114% year-over-year to CA$232.6 million Canadian dollars, with the ramp-up of work for Telesat Lightspeed and Globalstar’s next-generation Low-Earth Orbit (LEO) program. 

After the quarter ended, MDA Space logged another constellation order — $1.3 billion (U.S. dollars) direct-to-device constellation for EchoStar, announced Friday. 

The Geointelligence segment reported CA$52.7 million, down 4% year-over-year due to timing of programs.

The Robotics & Space Operations grew revenue 11% year-over-year to CA$165.3 million, with more work on the Canadarm3 program.

MDA Space also updated its guidance, increasing growth projections at the mid-point. The company now expects 48% year-over-year growth at the mid-point of guidance, up from 45% projected growth. 

Adjusted EBITDA of CA$76.3 million in the second quarter was up 57% year-over-year driven by higher volumes of work. Adjusted EBITDA margin was 20.4% in Q2 2025, in line with last year’s margin and consistent with margin guidance.

“At the half year mark, the MDA Space team continues to execute well, delivering solid second quarter financial results with strong growth in our revenue and profitability as we convert our backlog and meet our customer commitments,” CEO Mike Greenley said. “We also continue to convert pipeline opportunities into contract awards.”