MDA Space Ltd. disclosed on July 8, 2026, that they have made a decisive move to acquire a majority stake in CLS, a prominent provider of AI-powered Earth observation services and satellite IoT solutions. The deal, valued at around €286 million (C$465 million), marks a significant advancement for MDA Space in its role as a crucial partner in the swiftly growing global space sector. CLS boasts a vast clientele of over 14,000 customers spread across about 150 nations.