09:37 AM EDT, 06/24/2025 (MT Newswires) -- MDA Space ( MDALF ) on Tuesday rose 1% after it was awarded contracts valued at $60 million for the delivery and integration of two critical sensor systems for the River-class Destroyer program.

The company said the contracts are for the delivery and integration of sensor systems for the first three ships that improve situational awareness and protect the ships against laser and optical guided threats.

Irving Shipbuilding will build the new River-class Destroyers at Halifax Shipyard as part of the National Shipbuilding Strategy. Lockheed Martin Canada is leading the combat management system design and integration team which includes MDA Space ( MDALF ), CAE, L3 Harris, Ultra, BAE and others.

Shares of the company were last seen up 1% at $32.20 on the Toronto Stock Exchange.

Price: 32.17, Change: +0.31, Percent Change: +0.99