04:51 PM EDT, 05/02/2025 (MT Newswires) -- MDA Space ( MDALF ) after trade Friday recent changes in its share price, including a drop of more than 14% today, appear linked to preliminary fiscal 2026 US government budget recommendations for the National Aeronautics and Space Administration (NASA), and potential implications for the NASA-led Gateway project.

"MDA Space ( MDALF ) management reiterates that the company's Canadarm3 program associated with the Gateway project is under a contract with the Canadian Space Agency and not with NASA," the company said, adding that no MDA contracts have been affected by the US budget discussions.

The company also said it will provide a full business update in its next earnings release on May 8.