
MDA Space and Hanwha Forge MOU to Explore Korea’s Military LEO Constellation
Read Our Expert Analysis
Create an account or login for free to unlock our expert analysis and key takeaways for this development.
By continuing, you agree to receive marketing communications and our weekly newsletter. You can opt-out at any time.
Recommended for you
SES pivots to K2 Space for lower-cost MEO constellation hardware
SES contracted K2 Space for 28 satellite buses to underpin a ~ 100-satellite medium‑Earth orbit network; the deal reduces near‑term hardware cost and assembly time but shifts risk to a young supplier and does not eliminate industry bottlenecks in launch cadence, ground infrastructure, and regulatory coordination.

MDA Space launches 49North to deliver Canadian multi‑domain C4ISR and mission‑critical systems
MDA Space has created 49North, a wholly owned Ottawa‑based subsidiary led by Joe Armstrong to bid for and deliver multi‑domain C4ISR and mission‑critical systems for Canada while separating terrestrial defence work from its space business. The launch ties an expanded defence pipeline to an active supplier‑readiness and hiring strategy — including international engineering hires and regional partner engagement — to accelerate delivery but will require close management of certification, security‑vetting and SME supply‑chain readiness.

MDA Space Ltd. posts robust FY2025; pipeline and chip production scale for LEO and defence
MDA Space reported substantial FY2025 revenue and margin gains driven by satellite systems work and strategic acquisition of SatixFy, setting a sizeable backlog and a $40bn opportunity pipeline. Management signals continued investment in chip production and factory scale-up with 2026 guidance targeting higher revenues and elevated capital spending.
MDA Space awarded CAD 32M DND contract for three ground optical stations
MDA Space has won an approximately CAD 32 million Defence Investment Agency contract to design, deliver and sustain three ground-based optical observatories—to be sited in Alberta, Manitoba and New Brunswick—with formal delivery and in‑service support through 2028. The award is being announced as part of the Surveillance of Space 2 program at a March 18, 2026 public event hosted by Public Services and Procurement Canada, and comes alongside wider federal industrial measures and internal MDA reorganization to accelerate defence delivery.

Canada and South Korea sign MOU to deepen cooperation in EVs, batteries and critical minerals
Canada and South Korea signed a memorandum to expand industrial cooperation across electric vehicles, battery supply chains, critical minerals and AI, and to create a bilateral committee and mobility forum to coordinate work. The agreement aims to attract Korean manufacturing investment and increase value-added processing in Canada, but it functions as a framework that will require concrete follow-through to generate factories and jobs.
MDA Leverages Defense Spending to Draw Global Space Talent to Canada
A surge in defense-driven demand for satellites and space technology is allowing MDA to recruit engineers and executives from abroad, strengthening Canada’s foothold in the commercial and military space sectors. The company is positioning itself as a nexus between federal defense contracts and global technical expertise, with implications for supply chains, industrial policy and national security partnerships.

Miden and KODA Partner to Build Privacy-First Crypto Infrastructure for Korean Institutions
Miden has signed an MOU with Korea Digital Asset (KODA) to develop custody and infrastructure standards that marry institutional-grade custody with selective privacy tools for compliant blockchain use in South Korea. The move positions both firms to capture flows from banks and corporate treasuries as regulators consider loosening long-standing restrictions on corporate crypto activity.

INNOSPACE Eyes Spaceport Nova Scotia for HANBIT North American Operations
INNOSPACE has signed a non-binding LOI with Maritime Launch to assess operating HANBIT from Spaceport Nova Scotia , opening a window for North American basing through 31-Dec-2026. The arrangement advances geographic diversification for HANBIT while accelerating competition in the smallsat launch market.