Telesat Taps MDA Under A $2.1B Deal as Prime Satellite Manufacturer for Its Advanced Telesat Lightspeed Low Earth Orbit Constellation

Author: Benzinga Newsdesk | August 11, 2023 06:22am

MDA Ltd. (TSX:MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced it has been selected as the prime contractor for Telesat's (NASDAQ:TSAT) (TSX:TSAT) revolutionary Low Earth Orbit (LEO) satellite constellation Telesat Lightspeed, an innovative global network that will bring enhanced digital connectivity to Canadians and customers worldwide. Valued at approximately $2.1 billion, the contract is the largest in MDA's history and includes the design, manufacture, assembly and test of 198 satellites with options for Telesat to purchase up to 100 additional satellites. 

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