MDA Space: Strong Buy As The Space Growth Strategy Expands

Dhierin Bechai Investing Group Leader Follow Summary MDA Space is upgraded from buy to strong buy, driven by robust organic and inorganic growth. Q2 revenue surged 34% with a 1.6x book-to-bill ratio, and backlog rebounded to C$4.4 billion pro forma. Pending acquisitions of Blue Canyon Technologies and CLS expand US defense access and geointelligence but introduce debt, dilution, and integration risk. 2026 guidance midpoint rises to C$1.85 billion revenue and C$350 million adjusted EBITDA, with margins expected to improve as scale increases. Looking for more investing ideas like this one? Get them exclusively at The Aerospace Forum. Learn More » imaginima/iStock via Getty Images Since my last report , MDA Space ( MDA ) ( MDA:CA ) has delivered another quarter of 30%-plus growth and moved from an organic execution story to a broader platform strategy. Q2 2026 included a rising backlog, a This article was written by Dhierin Bechai 24.51K Followers Follow Dhierin-Perkash Bechai is an aerospace, defense and airline analyst. Dhierin runs the investing group The Aerospace Forum, whose goal is to discover investment opportunities in the aerospace, defense and airline industry. With a background in aerospace engineering, he provides analysis of a complex industry with significant growth prospects, and offers context to developments as they occur, describing how they might affect investment theses. His investing ideas are driven by data informed analysis. The investing group also provides direct access to data analytics monitors. Learn more. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.