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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TSAT
News
- Telesat Names Brigadier-General (Ret'd) G. Michael Adamson Director of Defence Strategy and Business Development [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Telesat Names Brigadier-General (Ret’d) G. Michael Adamson Director of Defence Strategy and Business DevelopmentGlobeNewswire
- Telesat (TSAT) Moves 10.3% Higher: Will This Strength Last? [Yahoo! Finance]Yahoo! Finance
- Federal and Quebec governments give billions to Telesat for satellite production [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Canada, Quebec give billions of dollars for satellite production [Financial Post (Toronto, Ontario, Canada)]Financial Post
TSAT
Analyst Actions
- 9/20/24 - CORMARK
TSAT
Sec Filings
- 9/13/24 - Form 6-K
- 8/14/24 - Form 6-K
- 8/14/24 - Form 6-K
- TSAT's page on the SEC website