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Posted August 01, 2014

Under Economic Issues, International Trade Issues

(Peter B. de Selding – Space News)

MDA Corp. of Canada on July 31 said the Canadian government’s uniquely strong reaction to Russia’s incursion into Ukraine is depriving the company of around 50 million Canadian dollars ($46 million) in annual business building electronics payloads for Russian satellites.

In a conference call with investors, MDA Chief Executive Daniel E. Friedmann said Russian satellite operators now have a three-satellite procurement competition underway, and that given MDA’s history of providing Russian satellite hardware the company would be well-placed to win a piece of this business. Read more here.