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MDA Space raises full-year guidance on strong order momentum and strategic acquisitions, despite near-term cash flow headwinds.
The arms maker raised its sales, profitability and cash flow targets for the year as governments keep spending on defense in the face of escalating geopolitical tensions.
The company continues to forecast an increase in sales between 7% and 9%, and a rise in underlying earnings before interest and taxes of 9% to 11%.
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