Robert W. Baird & Co. Incorporated on MDA Space
Thesis
Baird purchased MDA Space because it believes the company is positioned to benefit from a structural expansion in the space economy. Dramatically lower launch costs enabled by reusable rockets are unlocking new commercial opportunities. Governments are also accelerating spending on missile and ship tracking, space-object tracking, secure communications, and related capabilities. Baird believes the company's recent U.S. listing means it remains in the early stages of investor discovery.
“we believe is positioned to benefit from a structural expansion in the space economy”