DealsAug 4, 2026, 07:57 AM
Telesat secures C$2.3B Arctic military satcom contract; Lightspeed expands
AI Summary
Telesat LEO ULC, a subsidiary of Telesat Corporation, announced it secured a C$2.3 billion Telesat Lightspeed services contract with Canada's Defence Investment Agency (DIA). This contract, the largest in Telesat's history, will provide secure Military Ka-band (Mil-Ka) Arctic connectivity to the Canadian Armed Forces for 15 years, with service commencing in 2028. The agreement includes two five-year option periods, potentially increasing the total value to C$2.7 billion, and will expand the Telesat Lightspeed network by 69 satellites, bringing the total constellation to 225 satellites, with funding from the Government of Canada starting Q3 2026.
Key Highlights
- Secured C$2.3 billion Telesat Lightspeed services contract with Canada's Defence Investment Agency.
- Total contract value up to C$2.7 billion, including two C$200 million option periods.
- Contract is for 15 years, with service for the Canadian Armed Forces beginning in 2028.
- Expands Telesat Lightspeed network by 69 satellites, increasing constellation to 225 satellites.
- Expansion to be funded by the Government of Canada through milestone-based payments starting Q3 2026.
- Total expected investment in the 225-satellite network is approximately C$7 billion.
- C$2.7 billion has been invested in the program to date.
Price Impact
More from TSAT