MDA SPACE PROVIDES MARKET UPDATE

TORONTO, March 24, 2026 /PRNewswire/ - MDA Space Ltd. (TSX: MDA) (NYSE: MDA), a trusted mission partner to the rapidly expanding global space industry, today issued the following statement in response NASA's changes to the Artemis mission.

"MDA Space is monitoring NASA's ongoing discussions regarding changes to the Artemis mission as part of a renewed focus on accelerating a return to the Lunar surface. NASA has announced that it intends to pause Gateway in its current form and shift focus to infrastructure that enables sustained Lunar surface operations, and to repurpose equipment and leverage international partner commitments for use on the Lunar surface.

MDA Space management reiterates that the company's Canadarm3 program associated with the Artemis program is a contract with the Canadian Space Agency and not with NASA or the US government. There has been no change to any MDA Space contract and our work on the Canadarm3 program continues to progress. We remain fully focused on executing our existing contracts and advancing our commercial opportunities to expand further.

As a reminder, the Canadarm3 contract serves multiple markets including space agency and commercial opportunities. As a result, the Canadarm3 architecture was developed with flexibility to support multiple use cases, including in low Earth orbit, in cislunar space, and on the Lunar surface. Canadarm3 is currently in the design phase of the program providing flexibility to pivot to an alternate operating environment.

MDA Space welcomes efforts to accelerate the Artemis mission and the broad, sustained new market opportunity that a return to the Lunar surface represents for our company. We are in continuous dialogue with the Canadian Space Agency and expect that Canada will continue to contribute robotics technology to the Artemis mission."

Building the space between proven and possible, MDA Space (TSX:MDA) is a trusted mission partner to the global defence and space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ 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 MDA Space team of more than 4,000 space experts in Canada, the US and the UK 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's been in our 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, we'll take you there. For more information, visit www.mda.space.

SOURCE MDA Space