July 3, 2026, 2:02 PM EDT. MDA Space (TSE:MDA) shares were up 1.9% at C$58.82 on the Toronto Stock Exchange while the NYSE stayed closed for the U.S. holiday. The stock's C$1.09 move added about C$151 million to its market cap, now around C$8.21 billion. The action comes after MDA secured a new C$688 million deal from the Canadian Space Agency, making up 19% of its C$3.7 billion Q1 backlog. First quarter revenue grew 32% to C$464 million, and adjusted EBITDA hit C$91 million. The company is sticking to its 2026 outlook as it invests more in satellite tech and works on closing a US$620 million buyout of Blue Canyon from RTX Corp. TSX trading gave the only MDA price update with U.S. markets offline for the day.
