On April 20, 2026, MDA Space Ltd. (MDA:TSX; MDA:NYSE) reported that the company had received an order from Airbus for more than 880 Ka-band steerable antennas and 440 Ku-band user replacement antennas for the OneWeb low Earth orbit (LEO) constellation owned by global operator, Eutelsat. This order is a follow-up to a previous 2,000 antennas for the constellation.
CEO of MDA Space, Mike Greenley, announced, "The selection of MDA Space for this repeat order underscores our company's reputation as a reliable partner in enabling advanced satellite communications and connectivity around the world. With the growth of satellite constellations continuing to accelerate, MDA Space is ideally positioned to meet full constellation life cycles from the initiation to expansion to the replacement of satellites, antennas, and subsystems."
After the original deployment order, OneWeb gave MDA Space a performance award for its high-quality service and product.
Eutelsat awarded Airbus the contracts to build the OneWeb constellation extension in December 2024 and December 2025, for 100 and 340 satellites, respectively. The antennas will be built, assembled, and tested at the company's high-volume satellite production facility in Montreal.
Based in Ontario, MDA Space is a Canadian tech company focused on robotics, satellite systems, and geointelligence that has been in business for the past 55 years. The company has worked on more than 450 missions with global defense and space industries.
Defense and Aerospace Sectors Booming
The space tech sector surged last year, driven by the number of global launches. On April 18, 2026, John Miley reported on the industry for Kiplinger, writing, "2025 saw 325 orbital rocket launches and 4,544 spacecraft (mostly satellites) deployed, according to a global launch report by BryceTech. That marked a 25% year-over-year increase in launches and a 54% increase in spacecraft. The U.S. had 193 launches in 2025, with 165 from SpaceX alone. Second-place China registered 93."
The article went on to say that many sovereign countries are in a race to create fully independent space programs. The sector, like all sectors right now, is being affected by political instability. Miley wrote: "The wars in Ukraine, Israel, and Iran show how space tech is crucial for missile warning and tracking, communications, surveillance, drone and vehicle connectivity, and more."
"Funding reached US$7.95 billion in the quarter, nearly double the US$3.93 billion recorded in the previous three-month period, pushing trailing 12-month investment to an all-time high of US$18.8 billion," reported News.Az on April 20, 2026.
Current events are also creating a boon for the defense sector, with conflict between Israel, Iran, and the U.S. at the center of controversy and wavering markets. On April 15, 2026, Argus reported that, "During 2026, global revenues for the total aerospace and defense industry are expected to grow by 6% from 2025 and reach US$900 billion, as tracked by The Business Research Company. Looking ahead, industry forecasts call for the sector to grow at a CAGR of 5.8% and top US$1.1 trillion by 2028."
Streetwise Ownership Overview*Numerous Experts Weigh In
According to Factset:
- Greg MacDonald of Stifel Canada gave the company a 'Buy' rating on April 17, 2026, with a price target of CA$57.00.
- Greg Konrad of Jeffries gave the company a 'Buy' rating on April 16, 2026, with a price target of CA$56.23.
- David McFadgen of ATB Cormark Capital Markets gave the company a 'Buy' rating on April 16, 2026, with a price target of CA$54.00.
- Benoit Poirier of Desjardins Securities gave the company a 'Buy' rating on April 13, 2026, with a price target of CA$53.00.
- Russell Stanley of Beacon Securities gave the company a 'Buy' rating on April 10, 2026, with a price target of CA$73.00.
- Edison Yu of Deutsche Bank Research gave the company a 'Buy' rating on April 3, 2026, with a price target of CA$45.95.
- Ken Herbert of RBC Capital Markets gave the company a 'Buy' rating on April 1, 2026, with a price target of CA$50.00
- Thanos Moschopoulos of BMO Capital Markets gave the company a 'Buy' rating on March 30, 2026, with a price target of CA$50.00.
Ron Struthers of Struthers Resource Stock Report also weighed in on the stock and told investors to 'Buy on Weakness, Below CA$46' in an April 20 report, writing that "The stock went to new highs and looked like a major breakout would happen, but the stock eased back. On Friday, the stock ran to almost CA$51 but closed at CA$48.15."
Ownership & Share Structure1
MDA Space Ltd. has a market cap of CA$6.51 billion, with 138.66 million shares outstanding. The company's 52-week range is CA$20.85-CA$50.98.
Institutions own 35.50% of shares, while Strategic Investors own 1.78%. Management & Insiders own 1.25%, and the remaining 61.47% of shares are held by Retail.
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Important Disclosures:
- Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
- This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
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1. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.
