The Daily Broadcast: MDA Space Books $809 Million in Q2 Orders

The Daily Broadcast: MDA Space Books $809 Million in Q2 Orders

MDA Space Backlog Turns Positive After a Year of Decline

MDA Space reported Q2 2026 results on Friday, posting revenue of $498.6 million — up 33.6% year-over-year — and, for the first time in a year, a backlog that grew instead of shrinking. The company booked $808.9 million in new orders against $498.6 million in revenue for a book-to-bill ratio of 1.6. Backlog closed at $4.0 billion, up $310 million from March, though still 12% below the $4.6 billion recorded a year earlier.

The orders were anchored in government and defence work. The Canadian Space Agency awarded a $688 million follow-on contract for a fourth synthetic aperture radar satellite to join the RADARSAT Constellation Mission, including launch, ground control enhancements and data management. Mitsubishi Electric contracted MDA Space to build the digital payload, antennas and subsystems for Japan’s next-generation defence communications satellite in geostationary orbit. BAE Systems selected the company for antennas and antenna control electronics on the U.S. Space Systems Command’s MEO Epoch 2 missile-warning constellation. The U.S. Air Force renewed a contract with MDA’s 49North subsidiary worth up to $43 million through 2031, and OHB issued a pre-authorization to proceed on lunar landing sensors for the European Space Agency’s Argonaut mission.

MDA Space raised its full-year financial forecast and detailed how it plans to fund its recently announced approximate $2.0 billion in acquisitions using a mix of equity, debt and cash.

Katalyst Space Slows Spin on Swift Servicing Spacecraft

Katalyst Space Technologies reported progress in recovering its Link spacecraft, which entered a multi-axis spin during post-launch commissioning. The spacecraft was spinning at approximately 9 degrees per second when recovery operations began; controllers have since reduced the body rate to 1.47 degrees per second using one of the spacecraft’s electric thrusters, consuming less than 100 grams of fuel.

The company plans to upload a significant flight software update in the coming days to allow attitude control in the spacecraft’s current configuration, which would restore full control and resume the plan to head toward NASA’s Neil Gehrels Swift Observatory. Two of the three reaction wheels on the spacecraft were not functioning after the incident, and its reaction control system thrusters were only partially working.

Link launched on a Pegasus rocket on July 3. Current plans call for Katalyst to reach Swift in late August, a few weeks later than originally planned. The spacecraft will attempt to grapple the 22-year-old observatory and use its thrusters to raise Swift’s decaying orbit. Without the reboost, Swift is expected to deorbit late this year or early next year.

The reboost must begin before Swift reaches an altitude of about 300 kilometres, a threshold it is expected to cross no earlier than October. Its altitude was just below 350 kilometres as of Aug. 9. The $30 million mission is the first attempt by Katalyst to grapple another satellite and boost it. NASA has acknowledged the mission is high-risk but offers benefits to both the agency and the broader space industry.

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