Based in Brampton, Ontario, space technology company MDA Ltd. has expanded operations, raised spending on research and development, and increased its revenue streams year after year thanks to widespread growth in the space sector.
“Our ability to expand and grow is the biggest part of our story at the moment. We are seeing this doubling every two years, which is an effect of the organic growth in the market and our ability to address that growth. We will continue to invest and ensure that growth continues,” MDA Ltd. CEO Mike Greenley told GMI POST.
Since embarking on space technology journey in 1969, MDA has built a reputation for developing precise, reliable and advanced systems. Its strategic focus on space robotics, satellite communications and Earth observation radar has allowed the company to generate revenues not only from space exploration but also from the defense and healthcare industries.
MDA foresees healthy growth because of the increasing demand for satellite communication services, earth observation capabilities, and robotic solutions.
“We're currently investing in CHORUS, our next-generation radar satellite that we will launch in two years. We will also continue to invest in commercial robotics, which will allow us to sell to commercial space stations and commercial companies that want to build spacecraft with robotics for debris removal or assembly in space,” Greenley said.
“At the same time, we will continue to invest in digital satellites, building on the new digital satellite product we’ve just launched,” he added.
CHORUS is a two-satellite radar constellation that will provide a variety of maritime and land-based applications through tipping and cueing techniques, as well as near-real-time data exploitation aided by machine learning and artificial intelligence.
“As CEO, I want to make sure that we continue to scale with the growth that we have. We will continue to hire hundreds of new engineers and technical specialists every year, in addition to the other jobs in the company. We will also continue to expand our facilities and introduce advanced manufacturing methods to these,” Greenley said.