MDA Space CEO Mike Greenley in 2021. A flurry of recent deals make the satellite maker's stock look like a compelling bargain to some investors.

Investors relegated MDA Space Ltd. MDA-T to the bargain bin this year. Now that the Canadian satellite maker is striking new deals, is it worth picking up the stock while it is still cheap?

This week, MDA announced an agreement with the Government of Canada and Telesat Corp. to deliver military satellite communications to Canadian troops stationed in the North – emerging as a player as Canada boosts its defence spending.

And last week, the company announced a $45-million government contract as part of a $1-billion initiative by the Canadian Space Agency to develop a modern radar satellite system.

“This was one of the key catalysts we wer

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