BRAMPTON, ON, June 7, 2024 /CNW/ - MDA Space (TSX: MDA) is pleased to announce that the company has ratified a collective agreement with members of CSN associated with the company's operations in Ste. Anne de Bellevue, Quebec.

The significant terms of the five-year agreement include:

Wage increases:

• Year 1: 4.5%
• Year 2: 4.5%
• Year 3: 3.5%
• Year 4: 3.5%
• Year 5: 4.0%

Based on the expiration date of the previous agreement, the Year 1 adjustments are retroactive to December 1, 2023.

These terms are comparable and in line with collective agreements recently ratified by members of SSESA and SPATEA Employee Associations and Unifor locals 112 and 673.

Building the space between proven and possible, MDA Space (TSX:MDA) is a trusted mission partner to the global space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The MDA Space team of more than 3,000 space experts in Canada, the US and the UK has the knowledge and know-how to turn an audacious customer vision into an achievable mission – bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that's been in our DNA since day one. For those who dream big and push boundaries on the ground and in the stars to change the world for the better, we'll take you there. For more information, visit mda.space.

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SOURCE MDA Space