12:44 PM EDT, 09/17/2025 (MT Newswires) -- MDA Space ( MDALF ) is confident in its long-term growth potential even after losing the $1.8 billion EchoStar contract, notes RBC.

The company presented at RBC's 2025 Global Industrials Conference and management sounded bullish on its execution of current backlog opportunity and its ability to win future contracts based on its technology and available capacity, writes analyst Ken Herbert. Management also believes that MDA is well-positioned to benefit from additional space and defense spending across Canada and Europe, although a more substantial position on the Golden Dome program directly with the U.S. Government would require more investment in the U.S.

MDA still believes that it can sign another large ($500 million - $2 billion in size) satellite contract within the next ~12 months.

The company remains conservative in its outlook. "We believe this is prudent, as we believe the outlook for revenue growth remains the most important factor for investor sentiment."

MDA is rated Outperform, with a $45 price target.

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