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MDA Space's Unit 49North Says U.S. Air Force Renews Contract

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MDA Space's (MDA.TO, MDA) 49North unit confirmed the United States Air Force (USAF) renewed its long-term contract for Global Procedure Designer (GPD) through a new Indefinite Delivery/Indefinite Quantity (IDIQ) agreement, it said on Friday.

Canadian Commercial Corporation, on behalf of 49North, has been awarded a contract by the USAF for GPD services, including operations support, help desk services, and software sustainment, it said. The IDIQ contract has a ceiling value of up to US$43 million through June 2031, with an initial fiscal 2026 funding obligation of about US$4.7 million.

Work under the contract will be performed in Richmond, British Columbia, the company said. The renewed USAF IDIQ contract, covering a base year plus four option years, extends a more than 25-year relationship between 49North and the U.S. Department of Defense.

Shares of MDA Space were last seen down $5.05 to $52.00 on the Toronto Stock Exchange.

Price: $51.97, Change: $-5.08, Percent Change: -8.90%

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