MDA
AmericanExample Sentences
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The MDA has said that the initial awards for the Shield program, which has a budget ceiling of $151 billion, are designed to establish a portfolio of qualified firms.
From MarketWatch
Under the pact, MDA and Telesat will work toward deploying satellite communications in the Arctic—a project that Canadian government documents indicate could have a price tag of over 5 billion Canadian dollars, or the equivalent of $3.6 billion.
“Telesat and MDA Space are anchor Canadian companies, and we’re proud of them.”
At a press conference, Telesat chief executive Dan Goldberg said this deal marked a big milestone for the company, as well as for MDA.
Shares in both MDA and Telesat rose sharply on the news, which marks one of the first big military procurements under Prime Minister Mark Carney after he pledged to accelerate military outlays to help protect the continent and placate longstanding concerns from U.S. officials and lawmakers about Canada’s defense capability.
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