TUPPER LAKE, NY — Canada’s MDA Space, which has been walking on sunshine for over a year now, reported the expected double-digit increases in revenue, backlog and profit and said it would be free-cash-flow positive this year, a year earlier than planned.
The company said the mystery customer than in late 2023 signed an Authorization To Proceed (ATP) valued at 180 million Canadian dollars ($131 million) to start work on a non-GEO-orbit constellation of at least 36 software-defined communications satellites has expanded the ATP to . . .
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