Canadian Space Tech Firm MDA Gets Deal to Build 198 Satellites for Telesat

Chris K

Chris K

Chris K
Staff member
Jul 3, 2023
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Satellite operator Telesat has given space tech firm MDA a CAD 2.1 billion (nearly Rs. 12,950 crore) contract to build 198 satellites for its low-earth orbit program. The deal announced on Friday sparked a more than 45 percent surge in both Telesat's Canadian and US shares, putting them on track for their best day ever. MDA, meanwhile, rose about 29 percent.

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