Many companies see trade tensions due to a tariff war as a major challenge. North America’s stock markets are on edge because investors fear a full-blown trade war. However, a Canadian stock could still explode in 2025, notwithstanding the chaos.
MDA Space (TSX:MDA) believes that tariffs pose minimal threat to its business. At $27.57 per share, the growth stock is up +95.25% from a year ago. The $3.38 billion space technology company plans to expand its reach beyond Canada’s border and reduce dependence on American suppliers.
Because of new and existing contracts, market analysts are bullish on the industrial stock. According to Mike Greenley, chief executive officer (CEO) of MDA Space, the exposure to the U.S. is minimal (25% of suppliers). Around 90% of the $4.4 billion backlog comes from outside the United States.
Financial performance
MDA, a space mission partner, is well-positioned to capitalize on the rapidly growing…
