Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeInnovation$688 million for new satellites from MDA Space will boost national security, Joly saysMDA will supply an advanced replenishment satellite for Canada’s Radarsat Constellation Mission You can save this article by registering for free here. Or sign-in if you have an account.Industry Minister Melanie Joly makes an announcement about investment in a satellite at MDA Space Ltd. in Ste-Anne-de-Bellevue, west of Montreal, Que., June 30. Photo by John Mahoney/MONTREAL GAZETTEThe Canadian Space Agency’s recently-awarded $688 million contract to MDA Space Ltd. to build a new satellite will boost Canadian national security, according to industry minister Mélanie Joly.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorLast week, Brampton-based MDA announced that it will supply an advanced replenishment satellite for Canada’s Radarsat Constellation Mission — a group of Earth observation satellites — operated by the national space agency and used by various federal departments to monitor environmental and security threats in remote northern territories.“In an increasingly dangerous and divided world, Canada is investing in modern surveillance systems to detect threats earlier,” Joly said in a statement on Tuesday.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again“Through this investment, we are reinforcing Canada’s sovereign satellite capabilities and equipping industry and the Canadian Armed Forces with the intelligence they need to protect communities, inform decisions and keep Canada secure.”The government is looking to involve domestic industry and will call on Canadian businesses to support the “design, manufacturing and integration activities” of the satellite contract, according to the Tuesday statement. It added that the project will create and maintain up to 100 “high-paying” jobs.Brampton’s MDA has embarked on a major push to secure more Canadian and global defence contracts. Analysts expect it to ink more Canadian government deals ahead as Ottawa aims to grow the share of defence contracts awarded to homegrown companies under its $6.6 billion Defence Industrial Strategy.On the security side, the Canadian military and the Department of National Defence use images and data from Radarsat satellites for Arctic and maritime surveillance alongside other intelligence and reconnaissance operations. The $688 million investment will continue providing the satellite data required for Arctic security and operations, aligning it with Canada’s defence and spending priorities outlined in the DIS.The new satellite will be assembled and tested at MDA’s Montreal facility, which is the world’s first large-scale digital satellite plant, and is targeted for launch in the early 2030s. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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