The Brampton, Ont., aerospace company took in $373.3 million in its latest quarter and its profit increased from $11 million to $27.2 million. Its satellite-making operations drove the increase, more than doubling the division’s revenue as it started producing low-orbit devices for Telesat and U.S.-based Globalstar. (The Logic)

Talking point: MDA also has an immense amount of business in its pipeline, reporting a $4.6-billion backlog of work—further augmented by a $1.8-billion satellite contract it reached with EchoStar after the quarter’s official end. MDA has shifted its business toward off-the-shelf manufacturing, developing satellite product lines rather than bespoke designs—though its comparatively smaller robotics division is still working on the next Canadarm for a lunar space station. The Trump administration had threatened the station’s funding but it was saved in the final version of the One Big Beautiful Bill Act.