10:49:52 EDT Thu 06 Aug 2026
Enter Symbol
or Name
USA
CA



Telesat Corp
Symbol TSAT
Shares Issued 15,106,517
Close 2026-08-05 C$ 71.98
Market Cap C$ 1,087,367,094
Recent Sedar+ Documents

FP says MDA Space builds on largest-ever deal

2026-08-06 09:02 ET - In the News

See In the News (C-MDA) MDA Space Ltd

The Financial Post reports in its Thursday, Aug. 6, edition that MDA Space has added $474-million to its contract with Telesat to build more cutting-edge broadband satellites that will in part support the Canadian Armed Forces operating in the Arctic. The Post's Yvonne Lau writes that Telesat is expanding its Telesat Lightspeed low-earth orbit (LEO) network by adding 67 satellites, raising its total to 225. MDA will manufacture 27 of the new satellites. In 2023, MDA and Telesat signed a $2.1-billion contract for the delivery of 198 satellites, which was the largest-ever contract in MDA's history, said Beacon Securities analyst Russell Stanley in a Tuesday note. "Today"s news expands on that," he said. The federal government also announced on Tuesday that it has tapped MDA to serve as the primary contractor for a new satellite constellation for military and government communications -- namely, an ultra-high frequency and X-band network in medium earth orbit (MEO) -- with Telesat acting as MDA's subcontractor. The contract terms will be disclosed once finalized. Ottawa previously mentioned the project could cost at least $5-billion, presenting "considerable upside" for MDA's participation, said Mr. Stanley.

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