Summary：**MDA Space Makes Bold Bid for CLS, Elevating AI Earth Observation** *TORONTO, July 08, 2026 (GLOBE

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**MDA Space Makes Bold Bid for CLS, Elevating AI Earth Observation**
*TORONTO, July 08, 2026 (GLOBE NEWSWIRE) -- MDA Space Ltd. (TSX:MDA) (NYSE:MDA) (“MDA Space” or the “Company”), a trusted mission partner to the rapidly expanding global space industry, today announced that it has entered into a firm and irrevocable offer to acquire CLS, a leading provider of satellite‑based Earth observation and analytics services.*

### Introduction
The proposed acquisition signals MDA Space’s intent to deepen its footprint in the AI‑driven Earth observation market. By combining MDA’s heritage in space robotics and satellite systems with CLS’s expertise in geospatial analytics, the deal aims to create an end‑to‑end platform that turns raw satellite data into actionable intelligence for governments, agriculture, and climate monitoring.

### Key Developments
MDA Space’s offer, valued at approximately CAD 1.2 billion, includes a mix of cash and newly issued shares, subject to customary regulatory approvals and shareholder votes. CLS, headquartered in Toulouse, France, operates a constellation of optical and radar satellites that deliver daily imagery to over 500 commercial and institutional clients. The transaction would give MDA Space immediate access to CLS’s AI‑powered analytics suite, which processes petabytes of imagery to detect changes in land use, ocean health, and infrastructure integrity. MDA’s CEO emphasized that the bid reflects a strategic shift from pure hardware provision to integrated data solutions, a move already evident in the company’s recent investments in machine‑learning labs in Ottawa and Vancouver.

### Industry Analysis
The Earth observation sector is projected to surpass USD 10 billion by 2030, driven by demand for real‑time monitoring of climate change, disaster response, and precision agriculture. Analysts note that firms capable of fusing satellite sensor data with advanced AI algorithms enjoy a competitive edge, as they can deliver faster, more