Telesat signs CAD 2.3 billion Arctic military satcom contract with Canada Defence Investment Agency

Reuters2026/08/04 11:32

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Telesat signed a CAD 2.3 billion 15-year Lightspeed services contract with Canada’s Defence Investment Agency for secure Mil-Ka Arctic connectivity.
Deal includes two five-year options worth about CAD 200 million each, lifting potential total value to CAD 2.7 billion.
Contract funds 69 additional Lightspeed satellites, expanding the initial constellation to 225, built by MDA Space, with launches on SpaceX Falcon 9.
Milestone-based government payments start in Q3 2026; service is set to begin in 2028, with global Lightspeed service still targeted for Q1 2028.
Telesat’s total expected investment in the 225-satellite network is about CAD 7 billion, with CAD 2.7 billion invested to date.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Telesat Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608040730PRIMZONEFULLFEED9802802) on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Telesat signs CAD 2.3 billion Arctic military satcom contract with Canada Defence Investment Agency

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