Ms. Amy MacLeod reports

MDA SPACE ANNOUNCES CLOSING OF C$600 MILLION OFFERING OF SENIOR UNSECURED NOTES DUE 2033

MDA Space Ltd. has successfully closed its previously announced private placement offering of $600-million aggregate principal amount of 6.50 per cent senior unsecured notes due 2033.

The notes were offered through a syndicate of underwriters led by RBC Capital Markets, BMO Capital Markets and Bank of Nova Scotia.

The company intends to use the net proceeds from the offering to finance a portion of the purchase price for the acquisition of Blue Canyon Technologies LLC (BCT), which was previously announced by the company on June 19, 2026, and acquisition-related fees and expenses. Once completed, the acquisition is expected to provide MDA Space with a strategic business and manufacturing footprint to capitalize on growing demand in the U.S. government market for defence space missions. The acquisition is expected to close by the end of 2026, subject to customary closing conditions. In the event the acquisition does not close, the company will be required to redeem all of the outstanding notes at a redemption price equal to 100 per cent of the principal amount thereof, plus accrued and unpaid interest.

The notes were offered for sale in each of the provinces of Canada to accredited investors on a private placement basis, in reliance upon exemptions from the prospectus requirements under applicable Canadian securities laws.

About MDA Space Ltd.

Building the space between proven and possible, MDA Space is a trusted mission partner to the global defence and space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year-plus story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The global MDA Space team of more than 4,000 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission -- bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that have been in the company's DNA since day one. For those who dream big and push boundaries on the ground and in the stars to change the world for the better, MDA Space will take you there.

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