The Globe and Mail Business
Stephen Matier, president and chief executive of Maritime Launch Services Inc., said the investment by MDA Space Ltd. is a ‘momentum builder’ for his company.
As Canada edges closer to domestic capacity for launching satellites, one of the country’s largest aerospace companies has announced it is buying into the effort.
On Monday, Brampton, Ont.-based MDA Space Ltd. MDA-T announced it will make a $10-million equity investment in Maritime Launch Services Inc. MAXQ-NE , at a price of $0.223 per share. MLS, a commercial aerospace company headquartered in Halifax, is developing a spaceport, or launch site, for satellite delivery services.
The move comes just 10 days after MLS secured a $10-million loan from Export Development Canada to facilitate the construction of the company’s spac
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