Mentioned:
The Canadian government is getting serious about space. Which is exactly why they’ve just done a massive new deal with a publicly traded company.
What’s happening:
- Maritime Launch Services (CBOE: MAXQ) has officially been awarded a new contract from Canada’s Department of National Defence
By the numbers:
- The Department of National Defence will lease a dedicated launch pad at Maritime Launch Services’ Spaceport Nova Scotia for 10 years for $200M CAD
Why it matters:
- This is the single largest contract that has ever been awarded to Maritime Launch Services since the inception of the company
Going deeper:
- Maritime Launch Services will provide the Department of National Defence with guaranteed access to a launchpad and infrastructure as part of the new contract
- The Department of National Defence has publicly stated they plan to use Spaceport Nova Scotia to support the operational needs of the Canadian Armed Forces and space capabilities for both Canada and their allies
