Telesat will have news “in the next couple of weeks,” or shortly afterwards, on government funding for the Lightspeed constellation that is still slated to launch in 2026 following delays.
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MDA Space reported record backlog of $4.6 billion, Q2 revenues up 23% to $242 million, EBITDA up 21%, and raised full-year revenue guidance. CEO Mike Greenley highlighted various contracts, including Canadarm3 and Globalstar. The company remains cash-flow positive amid strong market demand.
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Telesat said it is close to announcing fresh details on Lightspeed financing with the government of Canada as the company announced its financial results for the last fiscal year Thursday (March 28).
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MDA finished off its 2023 on a strong fiscal note and expects to see continual growth for at least the next few years, the company announced in its quarterly and annual results (Feb. 28). This page is for subscribers only. Already a subscriber? Log in. Fact-driven space news, columns, business, policy, technology and more. Support independent journalism. SUBSCRIBE TODAY
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Canadarm and satellite operator MDA saw revenues soar 19 percent year-over-year, and increased profitability, in its third-quarter results released Wednesday (Nov. 8).
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While Telesat is watching the rise of SpaceX's Starlink Internet services for the commercial market, it maintains government and enterprise are eagerly awaiting the arrival of their Lightspeed low Earth orbit satellite constellation (LEO). This page is for subscribers only. Already a subscriber? Log in. Fact-driven space news, columns, business, policy, technology and more. Support independent journalism. SUBSCRIBE TODAY
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MDA posted a strong first quarter of 2023 while its CEO praised the Canadian government for its new spending on space. This page is for subscribers only. Already a subscriber? Log in. Fact-driven space news, columns, business, policy, technology and more. Support independent journalism. SUBSCRIBE TODAY
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Just six weeks after releasing its full-year 2022 results, Telesat issued a small quarterly update while saying it is continuing discussions on financing the next-generation Lightspeed constellation. This page is for subscribers only. Already a subscriber? Log in. Fact-driven space news, columns, business, policy, technology and more. Support independent journalism. SUBSCRIBE TODAY
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MDA's satellite and robotics growth continues to fuel growth at the Canadian space company, boosting revenues 55 percent year over year. This page is for subscribers only. Already a subscriber? Log in. Fact-driven space news, columns, business, policy, technology and more. Support independent journalism. SUBSCRIBE TODAY
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Telesat is moving an undisclosed C-band satellite into an orbit to replace Anik F2's geostationary slot "in the coming months," CEO Dan Goldberg told investors in its recent quarterly earnings call, as the company continues to negotiate the financing of its Lightspeed constellation. This page is for subscribers only. Already a subscriber? Log in. Fact-driven space news, columns, business, policy, technology and more. Support independent …
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