Telesat Corp shares are trading higher after the company reported second-quarter results and tapped MDA under a $2.1 billion deal as prime satellite manufacturer of advanced Telesat Lightspeed Low Earth Orbit constellation.
Portfolio Pulse from Benzinga Newsdesk
Telesat Corp reported its Q2 results and announced a $2.1 billion deal with MDA as the prime satellite manufacturer for the advanced Telesat Lightspeed Low Earth Orbit constellation. This news led to an increase in Telesat's share price.
August 11, 2023 | 11:45 am
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POSITIVE IMPACT
Telesat's shares are trading higher after Q2 results and a $2.1 billion deal with MDA for satellite manufacturing.
The positive Q2 results and the significant deal with MDA are likely to boost investor confidence in Telesat, leading to an increase in its share price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100