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MDA Space Up 3.5% In US Premarket As 49North Awarded C$3.7M Contract

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MDA Space (MDA.TO) subsidiary 49North has been awarded a C$3.7 million contract by General Atomics Aeronautical Systems to design, build, integrate and test a Coalition Shared Database (CSD) for Canada's Remotely Piloted Aircraft System (RPAS) program, MDA said Monday.

The latest contract award is an addition to 49North's existing $74.4M RPAS contract and further strengthens 49North's role as a member of Team SkyGuardian Canada, alongside GA-ASI, CAE, and L3Harris WESCAMwhich is working to deliver 11 CQ-9B Guardian aircraft to the Royal Canadian Air Force by 2028, it added.

The CSD system will reside in the main RPAS Ground Control Centre in Ottawa, with design, build, integration, and testing conducted at 49North's facility in Richmond, British Columbia. Delivery is expected by August 2027, MDA said.

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