MDA bags CAD 2.1 billion contract from Telesat to construct 198 satellites
By MYBRANDBOOK
MDA has been given a 2.1 billion Canadian dollar contract by Telesat to build 198 satellites for its low-earth orbit programme. The agreement, which caused Telesat's shares to rise significantly, will enable the company to avoid spending 2 billion Canadian dollar on capital projects. The launches are anticipated to start in the middle of 2026, and worldwide services to start in the late 2027.
The deal sparked a more than 45 percent surge in both Telesat's Canadian and US shares, putting them on track for their best day ever. MDA, meanwhile, rose about 29 percent. Telesat said it had earmarked $3.5 billion (nearly Rs. 29,020 crore) as capital expenditure for the Lightspeed project. By using MDA's beam-forming array antennas and integrated regenerative processor, the redesigned Telesat Lightspeed network will achieve increased network efficiency and enhanced flexibility to focus and deliver capacity to users, the company said in a statement.
The technology would also allow each satellite to be slightly smaller than the ones Telesat was previously considering. Telesat's Lightspeed network is designed to serve the connectivity requirements of enterprise and government users, with highly secure, resilient, low-latency broadband connectivity anywhere in the world.
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