05:27 PM EDT, 08/05/2025 (MT Newswires) -- MDA Space ( MDALF ) announced after the market close on Tuesday that it has secured two contracts to equip Royal Canadian Navy (RCN) ships with up to six new uncrewed aircraft systems.

The new systems are part of the broader intelligence, surveillance, target acquisition, and reconnaissance uncrewed aircraft systems (ISTAR UAS) project, where the new systems will significantly enhance the RCN's abilities to detect and monitor potential threats.

The contracts are valued at C$39 million for the initial procurement of two uncrewed aircraft systems with an option to procure four extra systems as well as an in-service support contract valued at C$27 million over an initial five-year period to maintain operations.

Furthermore, the in-service support contract includes the possibility to extend and sustain services for up to 20 years.

CEO Mike Greenley, said, "As a long-time trusted mission partner to Canada, MDA Space ( MDALF ) is honoured to deliver these advanced uncrewed aircraft systems to the Royal Canadian Navy and to provide our sailors with the modern systems they need to meet their operational missions."

MDA was down 3% on the TSX today.