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MDA Space Raises 2024 Guidance After Strong First Half

By Rachel Jewett

Friday, August 9th, 2024

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MDA Space Raises 2024 Guidance After Strong First Half

MDA Space CEO Mike Greenley. Photo: MDA Space

MDA Space saw a double-digit revenue increase in the second quarter of 2024 with growth in the company’s robotics and satellite businesses. The company reported its financials on Thursday, raising revenue guidance for the year. MDA Space on Thursday reported revenue of $176 million in the second quarter, up 23% year-over-year. The company reported higher work volume across all three business areas, with strong contributions from the Robotics & Space Operations and Satellite Systems businesses. Robotics & Space Operations led growth…

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