Federal and Quebec governments give billions to Telesat for satellite production [Globe and Mail, The (Toronto, Canada)]
Telesat Corporation (TSAT)
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Source: Globe and Mail, The
Ryan Remiorz/The Canadian Press Log in or create a free account to listen to this article. The Canadian government has announced a loan of $2.14-billion to satellite operator Telesat TSAT-T , to help the company build its broadband satellite constellation. Quebec's government, meanwhile, announced a loan of $400-million to the company, which has contracted aerospace technology firm MDA MDA-T to build its satellites in Ste-Anne-de-Bellevue, Que., in the Montreal area. Speaking to reporters today in Ste-Anne-de-Bellevue, Prime Minister Justin Trudeau said the Telesat Lightspeed Low Earth Orbit broadband satellite constellation will enable Canadians in the most remote parts of the country to connect with cheaper, more reliable internet. A news release from the Office of the Prime Minister says Ottawa's loan will help create 2,000 jobs in Canada. Quebec Premier Francois Legault told reporters Telesat plans to create 967 jobs in the province. Trudeau said Ottawa-based Telesat
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TSAT
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- SpaceX president says ‘there is plenty of room for competition,' as Starlink nears 5 million customers [CNBC]CNBC
- Telesat Corp (TSAT) Q3 2024 Earnings Call Highlights: Navigating Revenue Declines and Strategic ... [Yahoo! Finance]Yahoo! Finance
- Eaton's high-performance propellant tanks selected by MDA Space for MDA AURORA™ satellite technology [Yahoo! Finance]Yahoo! Finance
- Telesat Reports Results for the Quarter and Nine Months Ended September 30, 2024 [Yahoo! Finance]Yahoo! Finance
- Telesat Reports Results for the Quarter and Nine Months Ended September 30, 2024GlobeNewswire
TSAT
Sec Filings
- 11/14/24 - Form 6-K
- 11/14/24 - Form 6-K
- 10/7/24 - Form SC
- TSAT's page on the SEC website