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MDA shares walloped by White House space cuts

May 3, 2025
Source: theglobeandmail.com theglobeandmail.com
News Snapshot:
Open this photo in gallery: The Canadarm 2 reaches out to capture the SpaceX Dragon cargo spacecraft and prepare it to be pulled into its port on the International Space Station on April 17, 2015.The Canadian Press Shares in Brampton, Ont.-based space technology company MDA Space Ltd. closed down 14 per cent Friday after the White House released a proposed 2026 budget that slashes US$6-billion for space programs. The budget reduces NASA’s funding by a quarter and would cut several rocket programs in favour of “more cost-effective, next-generation commercial systems,” the space agency said in a statement Friday. The budget...
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