MDA APPLAUDS THE GOVERNMENT OF CANADA FOR COMMITMENT TO INVEST IN SPACE
BRAMPTON, ON, March 28, 2023 /CNW/ - MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, issued the following statement regarding space commitments announced today in Canada's 2023 federal budget:
"MDA is extremely pleased to see Canada take a giant leap in the rapidly-growing space economy with a significant commitment to a new flagship robotics mission to the surface of the Moon. The $1.2 billion investment towards a Canadian lunar utility vehicle sends a loud and important signal to the global commercial and government space community that Canada is open for business and intends to aggressively compete to secure our share of this advanced tech innovation market and the high quality jobs it will create.
We also applaud Canada for extending its funding commitment to the International Space Station, a critical platform for space exploration, global collaboration, industrial development and innovation, in addition to providing additional technology development funding for the next phase of the Lunar Exploration Accelerator Program.
As the Earth to Moon economy emerges, further Canadian government investment in space will only serve to strengthen the opportunity for the domestic space industrial base in Canada and help to expand it globally."
— Mike Greenley, Chief Executive Officer, MDA
Serving the world from its Canadian home and global offices, MDA (TSX:MDA) is an international space mission partner and a robotics, satellite systems and geointelligence pioneer with a 50-year story of firsts on and above the Earth. With over 2,700 employees across Canada, the US and the UK, MDA is leading the charge towards viable Moon colonies, enhanced Earth observation, communication in a hyper-connected world, and more. With a track record of making space ambitions come true, MDA enables highly skilled people to continually push boundaries, tackle big challenges, and imagine solutions that inspire and endure to change the world for the better, on the ground and in the stars. For more information, please visit MDA's website at mda.space.
SOURCE MDA Ltd.