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MDA SELECTED AS PRIME SATELLITE CONTRACTOR FOR TELESAT LIGHTSPEED ADVANCED CONSTELLATION
MDA SELECTED AS PRIME SATELLITE CONTRACTOR FOR TELESAT LIGHTSPEED ADVANCED CONSTELLATION ...
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[{"type":"text","content":"\n \n \n \n MDA SELECTED AS PRIME SATELLITE CONTRACTOR FOR TELESAT LIGHTSPEED ADVANCED CONSTELLATION\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n $2.1B\n \n contract for 198 satellites is the largest award in MDA's history\n \n \n \n \n \n BRAMPTON, ON\n \n \n ,\n \n \n Aug. 11, 2023\n \n \n /CNW/ - MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced it has been selected as the prime contractor for Telesat's (NASDAQ: TSAT) (TSX: TSAT) revolutionary Low Earth Orbit (LEO) satellite constellation Telesat Lightspeed, an innovative global network that will bring enhanced digital connectivity to Canadians and customers worldwide. Valued at approximately\n \n $2.1 billion\n \n , the contract is the largest in MDA's history and includes the design, manufacture, assembly and test of 198 satellites with options for Telesat to purchase up to 100 additional satellites.\n \n \n \n \n \n \n \n \n \n Telesat Lightspeed is the second prime satellite contract for a LEO constellation awarded to MDA in the past eighteen months. These major wins demonstrate tangible results from our multi-year strategy and investments to capitalize on the growing global market demand for satellite services for communications and other applications.\n \n \n \"We're pleased to partner with Telesat to use the combined world-leading talent and technology of our teams to bring the Telesat Lightspeed mission to life,\" said\n \n Mike Greenley\n \n , CEO of MDA. \"Our ability to leverage MDA's strategic investments in our new digital satellite product portfolio and advanced manufacturing capability to deliver significant cost and schedule benefits to Telesat Lightspeed is another tangible example of how we are strengthening and securing MDA's position at the heart of the rapidly growing global LEO constellation and satellite systems market.\"\n \n \n The Telesat Lightspeed satellites will be built, assembled and tested at MDA's state-of-the-art ...