BRAMPTON, ON, March 4,
2024 /CNW/ - MDA Ltd. (TSX: MDA), a trusted
mission partner to the rapidly expanding global space industry,
today announced that the Company will be added to the S&P/TSX
Composite Index (Industrials sector) prior to the open of trading
on March 18, 2024. The S&P/TSX
Composite Index includes the largest and most liquid publicly
traded companies in Canada, and
represents the principal benchmark measure for the Canadian equity
markets.
"Inclusion in the S&P/TSX Composite Index is an important
milestone in our life as a public company, reflecting our record of
delivering consistent and strong revenue and profitability growth
as a leading space mission partner," said MDA CEO Mike Greenley. "I want to thank our
entire team of more than 3,000 talented employees for their
hard work and dedication to get us to this point, and look forward
to reaching a broader group of investors as we continue to deliver
value for our shareholders."
ABOUT MDA
Serving the world from its Canadian home and
global offices, MDA (TSX:MDA) is an international space mission
partner and a robotics, satellite systems and geointelligence
pioneer with a 50-year story of firsts on and above the Earth. With
over 3,000 employees across Canada, the US and the UK, MDA is leading the
charge towards viable Moon colonies, enhanced Earth observation,
communication in a hyper-connected world, and more. With a track
record of making space ambitions come true, MDA enables highly
skilled people to continually push boundaries, tackle big
challenges, and imagine solutions that inspire and endure to change
the world for the better, on the ground and in the stars. For more
information, please visit MDA's website at www.mda.space.
FORWARD-LOOKING STATEMENTS
This press release contains forward–looking information within
the meaning of applicable securities legislation, which reflects
the Company's current expectations regarding future events.
Forward–looking information is based on a number of assumptions and
is subject to a number of risks and uncertainties, many of which
are beyond the Company's control, which could cause actual results
and events to differ materially from those that are disclosed in or
implied by such forward–looking information. Such risks and
uncertainties include, but are not limited to, the factors
discussed under "Risk Factors" in MDA's Annual Information Form
available on SEDAR+ at www.sedarplus.com. MDA does not
undertake any obligation to update such forward–looking
information, whether as a result of new information, future events
or otherwise, except as expressly required by applicable law.
SOCIAL MEDIA
Twitter:
twitter.com/MDA_space
Facebook: facebook.com/MDAspace
LinkedIn:
linkedin.com/company/mdaspace
YouTube: youtube.com/c/mdaspace
Instagram: instagram.com/MDA_space
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SOURCE MDA Ltd.