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June 28, 2026

What's Up in Space

Weekly UpdateEquitiesIndustrials

This report covers recent aerospace contract wins, record-breaking launch readiness times, and major M&A activity in the space satellite and defense segment.

Key Takeaways

  • 1.MDA Space secured major contracts including a $688MM CSA satellite award and a Japan MoD defense satellite contract.
  • 2.Rocket Lab set a new Tactically Responsive Space (TacRS) record with a sub-17 hour launch call-up.
  • 3.Significant industry consolidation continues with MDA acquiring Blue Canyon from RTX for $620MM.

Table of Contents

  • What's Up in Space: MDA RADARSAT + MHI, Rocket Lab Success on Victus Haze
  • MDA Space Wins $688MM CSA Contract for RADARSAT Replenishment Satellite
  • MDA Space Selected by Mitsubishi for Japan's Next-Gen Defense Communications Satellite
  • Rocket Lab Sets New TacRS Readiness Record on Victus Haze
  • Vantor selects BAE on Next-Gen Vantage Imaging Satellites
  • Exhibit 1 - 2026 YTD Rocket Launches are +3% Y/Y
  • NASA CSDA Selects Eight Vendors for On-Ramp 2 Contract Awards
  • Boeing Wins $2BB Air Force Contract for MUOS Service Life Extension Phase II
  • Firefly Aerospace Acquires Space-ng, Enhancing Autonomous Guidance and Vision Navigation Stack
  • MDA Space to Acquire Blue Canyon (BCT) From RTX
  • What's Gone Up This Month: 16 Western & Allied Launches; 12 from SpaceX
  • Exhibit 2 - June 2026 Space Launches
  • What's Going Up Next
  • A Look Back at News Highlights Over The Past Several Years

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Authors

Sheila KahyaogluAdam Samuelson

Securities

MDARKLBBARTX

Themes

Defense Space Domain AwarenessSatellite Vertical IntegrationTactically Responsive Space

Regions

GlobalCanadaJapanUnited States