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MDA lands $1.6B Telesat Lightspeed contract

Q2 earnings strong for both companies

Madeline DurrettbyMadeline Durrett
August 11, 2023
in News, Strategy and Markets
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Satellite communications provider Telesat today announced that it awarded space technology provider MDA a $CA 2 billion ($1.6 billion) contract to build 198 satellites for Telesat’s planned Lightspeed low Earth orbit constellation. The announcement comes as the two Canada-based companies report a rise in net income for the second quarter of 2023. WHY IT MATTERS: The […]

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Tags: AppleAres Management Corp.EarningsFederal Communications Commission (FCC)GlobalstarMDAPremiumSpace Flight LaboratoryTelesat
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