Telesat Lightspeed: Canada, Quebec give billions of dollars for satellite production [Yahoo! Finance Canada]
Telesat Corporation (TSAT)
Company Research
Source: Yahoo! Finance Canada
Quebec's government, meanwhile, announced a loan of $400 million to the company, which has contracted aerospace technology firm MDA 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 François Legault told reporters Telesat plans to create 967 jobs in the province. Trudeau said Ottawa-based Telesat will invest $4.4 billion back into the Canadian economy through research and development. This report by The Canadian Press was first published Sept. 13, 2024. The Canadian Press
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News
- 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