MDA Space Poised for Defense Contract Wins to Support Growth Into 2027, RBC Says
MDA Space (MDA) is expected to continue benefiting from investor confidence in its defense opportunities, with potential contract awards in H2 seen to support accelerating growth into 2027 and provide a catalyst for the stock, RBC Capital Markets said in a note Friday.Management expects the opportunities to develop as both a satellite payload provider and a merchant supplier across the Satellite Systems offering, the brokerage said, adding that MDA remains positioned to benefit from its role as a "Canadian national defense champion."The brokerage said the Satellite Systems segment, which delivered 41% growth in Q1, remains the key source of growth.RBC maintained its outperform rating on the stock and raised the price target to 58 Canadian dollars ($42) from C$50.Shares of the company were up 5.9% in Monday trading.Price: $36.65, Change: $+2.04, Percent Change: +5.88%