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MDA Space Launches Investment Program for Canadian Defense Tech SMBs

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MDA Space (MDA) said Thursday it has established MDA Space LaunchPad Ventures to fund Canadian small and medium-sized enterprises developing aerospace and military technologies.

The investment vehicle targets 25 distinct focus areas to accelerate sovereign capabilities and modernize equipment for domestic and allied armed forces, the company said.

Selected companies will secure capital and gain access to business networks from the aerospace manufacturer and 49North to scale their commercial operations, MDA Space said.

Price: $30.17, Change: $+0.59, Percent Change: +1.99%

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