The Globe and Mail·3 min read·medium
Telesat, MDA Space shares soar on news of satellite contract with Canada’s Armed Forces
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Sophia Bertuzzi
✦AI Summary
Telesat and MDA Space shares surged following a $2.7-billion contract from the Canadian government to provide secure satellite communications for the Armed Forces in the Arctic. The deal involves expanding the Lightspeed satellite network to bolster national sovereignty.
Telesat CEO Dan Goldberg speaks at a news conference in Ottawa in July, 2019. Sean Kilpatrick/The Canadian Press
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