MDA Corp says it’s on track for 50% revenue increase in 2022; Telesat Lightspeed project delay means schedule is unclear

by Peter B. de Selding

PARIS — Canadian space hardware manufacturer MDA Corp. reported big increases in revenue, profit and backlog for the nine months ending Sept. 30, in line with what forecasted before last April’s stock-market introduction, and said 2022 revenue looks set to increase by 50-60%.

In a Nov. 12 investor call, MDA Chief Executive Mike Greenley declined to speculate on the near-term revenue impact of the delay in the Telesat Lightspeed broadband constellation.

Telesat announced Nov. 5 that Lightspeed prime contractor Thales Alenia . . .

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