MDA Space Partnering with Ukrainian Counter-Drone Maker on Joint Production

Dow Jones10-27
 
 

Canadian space-technology company MDA Space is teaming with a Ukrainian counter-drone manufacturer on the joint production and support of unmanned aerial systems.-

MDA's defense-focused subsidiary 49North signed a memorandum of understanding with Unwave in an effort to help Ukraine address its defense needs during the ongoing war with Russia and to strengthen industrial ties between Canada and Ukraine.

The deal comes after Prime Minister Mark Carney and Ukraine President Volodymyr Zelenskyy last month agreed on a series of initiatives to bolster Canada's sovereign drone capabilities and expand co-production with Ukraine. The pact aims to deliver a continuous supply of drones for the Canadian Armed Forces and the Canadian Coast Guard, while also helping beef up Ukraine's military supplies.

The companies plan to leverage Unwave's counter-drone expertise and 49North's expertise in advanced sensing and secure digital mission systems to advance joint production and support systems that address Ukraine's evolving needs, 49North President Joe Armstrong said.

 
 

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment