Federal and Quebec governments give billions to Telesat for satellite production | Unpublished
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Source Feed: The Globe and Mail
Publication Date: September 13, 2024 - 14:50

Federal and Quebec governments give billions to Telesat for satellite production

September 13, 2024
The Canadian government has announced a loan of $2.14-billion to satellite operator Telesat TSAT-T, to help the company build its broadband satellite constellation.Quebec’s government, meanwhile, announced a loan of $400-million to the company, which has contracted aerospace technology firm MDA MDA-T to build its satellites in Ste-Anne-de-Bellevue, Que., in the Montreal area.


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