Telesat Taps MDA Under A $2.1B Deal as Prime Satellite Manufacturer for Its Advanced Telesat Lightspeed Low Earth Orbit Constellation
Portfolio Pulse from Benzinga Newsdesk
MDA Ltd. has been selected as the prime contractor for Telesat's Low Earth Orbit satellite constellation, Telesat Lightspeed. The contract, valued at approximately $2.1 billion, is the largest in MDA's history and includes the design, manufacture, assembly, and test of 198 satellites.
August 11, 2023 | 10:22 am
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Telesat has contracted MDA Ltd. for its Telesat Lightspeed satellite constellation. The deal, worth $2.1 billion, includes the design, manufacture, assembly, and test of 198 satellites.
The news is directly related to Telesat and is of high importance due to the size of the contract. This could potentially increase the company's stock price in the short term as it shows the company's growth and expansion in its operations.
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