MDA SECURES NEW CONTRACT TO SUPPLY Ka-BAND MULTIBEAM ANTENNAS FOR ARGENTINA'S ARSAT-SG1 SATELLITE

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Feb 09, 2023, 08:15 ET

The antennas will be built, assembled and tested at MDA's state-of-the art high volume satellite production facility in Montreal

BRAMPTON, ON, Feb. 9, 2023 /PRNewswire/ - MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced a new contract award to design, build and supply all of the Ka-band multibeam antennas for the ARSAT-SG1 satellite. ARSAT is Argentina's national telecommunications company and ARSAT-SG1 will provide high-speed internet as well as digital video and voice services across the country and to Bolivia, Paraguay and Chile.

This is the first contract signed between MDA and ARSAT. MDA is a world leader in providing antennas to the geosynchronous equatorial orbit (GEO), medium earth orbit (MEO), and low earth orbit (LEO) satellite markets.

"It is a privilege to work with ARSAT to build these antennas that will help bring enhanced digital connectivity to Argentina and neighbouring countries," said Mike Greenley, CEO of MDA. "This contract is another example of how MDA is leveraging its satellite systems technology and offerings to further expand our global footprint and customer base."

ARSAT-SG1 is a high throughput full electric geostationary communications satellite. The ARSAT antennas will be built in MDA's state of the art high volume production facility in Montreal. MDA technology has been integrated into more than 350 satellite missions to date, with more than 2,000 antenna subsystems and 3,000 electronic subsystems on approximately 850 satellites currently in orbit.

"We highly value the work being done by MDA in the development of the antennas for our third satellite and are confident that, together with our system integrator INVAP, we will achieve our goals," said Facundo Leal, president of ARSAT.

"ARSAT selected INVAP S.E. as Satellite Prime Contractor using engineering and technology developed by GSATCOM, a Joint Venture Company formed by INVAP and Turkish Aerospace. We are proud to provide them with its third state-of-the-art satellite and look forward to building our relationship with MDA on this important program," said INVAP's CEO Vicente Campenni.

The ARSAT contract was added to MDA's backlog in Q4 2022. The Ka-band multibeam antennas will be delivered mid-2024.

ABOUT MDA

Serving the world from its Canadian home and global offices, MDA (TSX: MDA) is an international space mission partner and a robotics, satellite systems and geointelligence pioneer with a 50-year story of firsts on and above the Earth. With over 2,700 employees across Canada, the US and the UK, MDA is leading the charge towards viable Moon colonies, enhanced Earth observation, communication in a hyper-connected world, and more. With a track record of making space ambitions come true, MDA enables highly skilled people to continually push boundaries, tackle big challenges, and imagine solutions that inspire and endure to change the world for the better, on the ground and in the stars. For more information, please visit MDA's website at www.mda.space.

Forward-looking Statements

This press release contains forward–looking information within the meaning of applicable securities legislation, which reflects the Company's current expectations regarding future events. Forward–looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward–looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under "Risk Factors" in MDA's Annual Information Form available on SEDAR at www.sedar.com. MDA does not undertake any obligation to update such forward–looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

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SOURCE MDA Ltd.