Login

Creates one of the largest space-based Geointelligence businesses in the world Expands MDA Space global footprint with addition of 40 sites in 19 countriesVertically integrates upstream satellites and near-real time data services with downstream AI-driven analyticsAccelerates global distribution for MDA CHORUS™ through a global direct sales networkExpects to double recurring revenue stream for MDA Space while delivering growth, profitability and strong cash generation TORONTO, July 08, 2026 (GLOBE NEWSWIRE) -- MDA Space Ltd. (TSX:MDA) (NYSE:MDA) ('MDA Space” or the 'Company”), a trusted mission partner to the rapidly expanding global space industry, today announced that it has entered into a firm and irrevocable offer to acquire a majority interest in CLS (the 'Transaction”), a global leading provider of AI-driven Earth observation value-added services and satellite IoT solutions. With more than 14,000 customers in approximately 150 countries, CLS is expected to generate approximately €286 million (C$465 million) in revenue in 2026.