Telesat deal with MDA puts Lightspeed satellite network back on track
says its Lightspeed constellation is back on track with a switch to MDA Ltd.
However, the project hit a snag when the COVID-19 pandemic caused supply chain issues and inflation to increase the cost to US$5.5-billion. That presented a setback for Telesat, which needed to raise additional funding. MDA, the Brampton, Ont.-based space equipment company that created the iconic Canadarm, was to manufacture the phased array antennas for the satellites.
“They’ve now got this digital beam former, it’s ready for primetime and it’s massively more efficient and capable than the other antenna,” Mr. Goldberg said. In addition, MDA has designed an onboard processor for its satellites that integrates with the digital beamformers, he added. “Suffice to say, that has been transformative for the project.”
Telesat’s stock, which has been in decline since its initial public offering in late 2021, skyrocketed more than 45 per cent to $16.55 on Toronto Stock Exchange in Friday morning trading, while MDA’s stock was up more than 22 per cent to $10.32.
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