MDA Climbs After EchoStar Deal for Satellite Constellation (1)

(Adds share move in the first bullet, analyst comment in the fourth.)

• MDA Space Ltd. rises as much as 14% after EchoStar says it selected the Canadian company as the prime contractor for its new non-terrestrial network low Earth orbit direct-to-device satellite constellation.
• The initial contract is valued at about $1.3 billion and includes the design, manufacturing and testing of more than 100 satellites
• With options, the value of the contract would rise to total of about $2.5 billion
• “On a preliminary basis we believe the contract might be about 14% accretive to FY2026 revenue and Ebitda,” BMO analyst Thanos ...