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Creates global’s greatest high-volume production facility in its satellite tv for pc elegance and provides 600 fresh high-skill era jobs in Quebec
SAINTE-ANNE-DE-BELLEVUE, QC, Sept. 13, 2024 /PRNewswire/ – MDA (TSX: MDA), a relied on project spouse to the hastily increasing world area business, as of late introduced that building is underway on a 185,000 sq. foundation growth at its satellite tv for pc manufacturing facility in Sainte-Anne-de-Bellevue, Quebec. As soon as finished, it’ll be the arena’s greatest high-volume production facility in its satellite tv for pc elegance, with capability to bring as much as two MDA AURORATM virtual satellites a time.
An preliminary form of 198 Telesat Lightspeed satellites, powered through MDA AURORATM era, will probably be produced on the fresh facility, following Telesat’s selection of MDA as the prime satellite contractor for the Telesat Lightspeed constellation. Telesat is the primary of a couple of MDA satellite tv for pc consumers transferring to upcoming month virtual constellations, as the marketplace for space-based broadband networks and direct-to-device connectivity expands.
As a part of its growth, the corporate is within the technique of including 600 fresh high-skill era jobs in Quebec to additional boost up its expansion as the worldwide area financial system is ready to make bigger to US$1.8 trillion within the upcoming decade.
The fresh facility is designed to be a LEED (Management in Power and Environmental Design) qualified development. The manufacturing series is predicted to be operational in the second one part of 2025.
“The global satellite market is at an inflection point as satellite operators and customers shift to digital solutions like MDA AURORATM that offer greater performance and flexibility at a significantly lower cost. Our strategic investments in expanding our satellite production facility and team are ideally timed to solidify our market leadership position and expand the export and growth opportunities for the Canadian space industry in Quebec and across the country.”
— Mike Greenley, CEO, MDA
“Our government is focused on Canadians, and with Lightspeed, Telesat and MDA are designing and manufacturing the largest space program in Canadian history – creating thousands of jobs, growing our economy, and getting high-speed internet to Canadians. Together, we’re putting Canada, Canadian innovation and talent at the forefront of a new global opportunity.”
— The Rt. Hon. Justin Trudeau, High Minister of Canada
“This is good news for our economy. Not only are we consolidating 650 existing jobs, but we are also creating close to 1,000 high-paying jobs in a cutting-edge sector. It is also a strategic project for Québec. The message we are sending today with the Telesat/MDA project is that Québec continues to make its mark. The future of aerospace is happening right here in Québec!”
— François Legault, Premier of Québec
“Canada is a global leader in the new space economy. We’re proud that Telesat’s Lightspeed LEO constellation will be built by MDA, right here in Canada. Government support for the space sector will have a significant impact on the growing network of Canadian suppliers and talent – bolstering Canada’s leadership as the sector continues to flourish.”
— The Honourable François-Philippe Champagne, Minister of Innovation, Science and Trade
“This satellite network is an effective way to provide high-speed telecommunications across all regions of Quebec. We are proud to support these two companies as they drive technological innovation, helping to position Québec as a true space industry leader. And we are even prouder to see that companies are locating here to take advantage of all that Québec has to offer!”
— Christine Fréchette, Minister of Financial system, Innovation and Power, Minister Chargeable for Regional Financial Construction and Minister Chargeable for the City and the Montréal Area
“High-speed Internet is no longer a luxury—it is a necessity. Today’s investment in Telesat’s Lightspeed project, with industry-leading satellites built in Canada by MDA, will help the federal government achieve its goal of connecting all Canadians, to high-speed Internet by 2030 so that they get better access to the services they need, no matter where they live.”
— The Honourable Gudie Hutchings, Minister of Rural Financial Construction and Minister chargeable for the Atlantic Canada Alternatives Company
ABOUT MDA SPACE
Construction the area between confirmed and conceivable, MDA Range (TSX:MDA) is a relied on project spouse to the worldwide area business. A robotics, satellite tv for pc techniques and geointelligence pioneer with a 55-year+ tale of worldwide firsts and greater than 450 missions, MDA Range is a world chief in communications satellites, Earth and area commentary, and area exploration and infrastructure. The MDA Range crew of greater than 3,000 area mavens in Canada, the USA and the United Kingdom has the data and expertise to show an audacious buyer eye into an achievable project – bringing to undergo a one-of-a-kind mixture of revel in, engineering excellence and wide-eyed surprise that’s been in our DNA since time one. For individuals who dream heavy and push limitations at the farmland and within the stars to switch the arena for the simpler, we’ll hurry you there. For more info, seek advice from mda.space.
FORWARD-LOOKING STATEMENTS
This press let fall incorporates ahead–taking a look knowledge inside the that means of appropriate securities law, which displays the Corporate’s tide expectancies relating to presen occasions. Ahead–taking a look knowledge is in line with a lot of guesses and is topic to a lot of dangers and uncertainties, a lot of that are past the Corporate’s regulate, which might motive unedited effects and occasions to fluctuate materially from the ones which are disclosed in or implied through such ahead–taking a look knowledge. Such dangers and uncertainties come with, however aren’t restricted to, the criteria mentioned below “Risk Factors” in MDA’s Annual Data Mode to be had on SEDAR+ at www.sedarplus.ca. MDA does no longer adopt any legal responsibility to replace such ahead–taking a look knowledge, whether or not on account of fresh knowledge, presen occasions or in a different way, except for as expressly required through appropriate legislation.
SOCIAL MEDIA
LinkedIn: www.linkedin.com/company/mdaspace
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Fb: www.facebook.com/MDAspace
YouTube: www.youtube.com/c/mdaspace
Instagram: www.instagram.com/MDA_space
SOURCE MDA Range
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