Telesat Lightspeed to Receive $400 Million Investment from the Government of Québec

  • The Lightspeed program is expected to bring $1.8 billion of investment into the Québec aerospace sector, creating 600 new highly-skilled, high-paying jobs and billions of dollars in economic growth.
  • Telesat selects Canada’s MDA to deliver the state-of-the-art phased array antennas for Lightspeed satellites.
  • Telesat’s prime contractor, Thales Alenia Space, will establish the Lightspeed satellites’ final assembly and manufacturing in Québec and is in discussions with Québec-based partners.

MONTRÉAL (Telesat PR) – Telesat, one of the world’s largest satellite operators, announced today that it has entered into a Memorandum of Understanding (MOU) with the Government of Québec for an investment of $400 million [US $317 million] into Telesat Lightspeed, Telesat’s highly advanced Low Earth Orbit (LEO) satellite network. Telesat will invest $1.6 billion [US $1.27 billion] into Québec, both directly and through its supply chain, which will include a significant portion of Lightspeed manufacturing and operations. The Lightspeed program will create 600 high-paying STEM jobs, leverage Québec’s substantial aerospace expertise and infrastructure, and allow the province to harness the significant economic growth from the burgeoning New Space Economy.

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