Brampton-based MDA Space maintained a bright outlook on fiscal 2025 in its third-quarter earnings despite losing out on a $1.8-billion CAD contract with American telecom EchoStar in September.

More than half of MDA Space’s $20-billion opportunity pipeline is in satellite systems.

The Canadarm manufacturer reported a 45-percent year-over-year increase in revenue growth, raking in $409.8 million in Q3. The revenue was largely driven by its satellite business, which earned $283.5 million, a 69-percent increase from the same period in 2024. The company attributed the gains to a ramp up of low-earth orbit (LEO) constellation programs from its clients Telesat and Globalstar.

MDA’s revenue growth is reflected in its Q3 2025 gross profit of $108.1 million, a 43-percent increase over Q3 2024. Th

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