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MDA Space upgraded to strong buy after Q2 revenue jumps 34% and backlog hits C$4.4B.

Analyst Insights
17 Aug 2026
Seeking Alpha
View Source
Bullish
pluang ai news

MDA Space's stock rating was upgraded from buy to strong buy following a strong Q2 performance with revenue up 34% and a book-to-bill ratio of 1.6x. The company's backlog increased to C$4.4 billion pro forma, reflecting robust demand. Pending acquisitions of Blue Canyon Technologies and CLS will expand MDA's presence in US defense and geointelligence but come with risks including debt and integration challenges. The 2026 revenue guidance midpoint rose to C$1.85 billion with adjusted EBITDA expected at C$350 million, anticipating margin improvements as the company scales.

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