Telesat Signs US$39 Million Contract with SatixFy to Develop and Deliver Landing Station Baseband Units for Telesat Lightspeed Network
SatixFy Communications Ltd. (SATX)
Company Research
Source: PR Newswire
OTTAWA, ON and REHOVOT, Israel, Nov. 4, 2024 /PRNewswire/ -- Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, today announced that SatixFy Communications Ltd. ("SatixFy") (NYSE American: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, will develop and deliver the Landing Station Baseband Units for the upcoming Telesat Lightspeed Network. Under the terms of a new agreement, SatixFy will design, develop, and supply Landing Station Baseband systems to Telesat, with deliveries taking place over a 28-month period. These systems will enable high-speed and efficient communication between the Telesat Lightspeed Low Earth Orbit (LEO) satellites and the Landing Stations. The Telesat Lightspeed constellation is designed to deliver global, high-speed, low-latency broadband connectivity for enterprise and government organizations. The total agreement amounts to US$39 million, which include
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SATX
Analyst Actions
- 12/5/24 - NORTHLAND
SATX
Sec Filings
- 12/18/24 - Form 6-K
- 12/9/24 - Form 6-K
- 11/6/24 - Form 144
- SATX's page on the SEC website