MDA Space just received a contract from the Canadian Space Agency for a robotic arm

it's developing for the Lunar Gateway will be a space station that

orbits the moon and houses Artemis astronauts for the U.S. and partners including Canada.

MDA CEO Mike Greenlee says the $1 billion Canadian dollar contract covers the next phase of development and production.

With Canada Arm 3, the latest iteration of a robotic arm system first used on the space shuttle

and still currently in use on the International Space Station.

Over the next year or so, they'll go through what's called the critical design phase

and finalize all the detailed designs.

And then they'll go into production.

So in the period sort of 2025, 6, 6, 8, 9 in there.

The robotic system will be fully developed and fully tested

and then sent to launch.

So that as we finish the 2020s and before the International Space Station

goes out of business in 2030 where you should be having our robotic system going

out to gateway at the moon and commercial derivatives starting to come on to the market.

MDA once known as McDonnell Detwiler and Associates was sold to private equity by Maxar in

2020. It went public as a standalone company on the Toronto Stock Exchange a year

later. Today MDA touts a one and a half billion dollar market valuation as the

stock has surged more than 60% over the past year. The company's tech is

also being used by the Lunar Outpost team competing to build a moon rover for

NASA and MDA recently joined the Star Lab joint venture to build the robotic arm for that commercial space station.

If you look at the return to the moon, where you've got 42 countries with the US looking at living and working on the moon,

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