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Toronto-based Spar Aerospace Ltd . makes satellites and other space equipment.
Toronto-based Spar Aerospace's shares closed up C $ 1.35 at C $ 14.95 on the Toronto exchange.
CAE Aviation rivals include Toronto-based Magellan Aerospace Corp ., which purchased Bristol Aerospace Ltd . last month to expand its repair and overhaul business, Montreal-based Bombardier Inc . and Toronto-based Spar Aerospace Ltd.
Toronto-based Spar Aerospace Ltd ., which built the first Canadarm in the early 80s, was awarded the C $ 10 million ( US $ 7.38 million ) contract to " provide sustained engineering to NASA, " said Susan Lamarre, a company spokeswoman.
Revenue at Toronto, Ontario-based Spar fell 18 percent to C $ 90.4 million from C $ 110.7 million, largely because of a 42 percent decrease in revenue at San Diego, California-based ComStream, where Spar said it plans to fire 20 percent of the workers to make the unit profitable by early next year.