Q: Comments, please, on MDA's market update today, and whether it warrants the drop in share price.
Thanks!
Thanks!
5i Research Answer:
MDA said its Canadaarm 3 program is a contract with the Canada Space Agency and not with the US government of NASA. NASA said earlier today that some programs were being paused. The update will help stem the decline which was quite sharp on new news from the company prior to just now.