MDA Corp. reaffirms forecast of 60% revenue increase in 2022, including Globalstar, Telesat Lightspeed contracts

by Peter B. de Selding

PARIS — MDA Corp. doubled its backlog in the 12 months ending March 31 and said it’s confident that its future contract for the 30% smaller Telesat Lightspeed broadband constellation will have the same economics as forecasted a year ago.

Canada-based MDA is in full-throttle growth posture. In announcing its Q1 financials on May 11, the company said it still expected 2022 revenue to be 60% higher than 2021, at around 800 million Canadian dollars ($641 million).

MDA hired 670 people in 2021 . . .

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