MDA is asking future customers, suppliers to believe that full Telesat Lightspeed financing is imminent

by Peter B. de Selding

LA PLATA, Maryland — MDA Corp. in the coming months will be negotiating a delicate period during which it promises potential customers that it can produce 400 digital satellites per year at a yet-to-be-built production line whose anchor customer, Telesat, will not be able to commit funding until perhaps early 2024.

MDA is under contract to build 198 Telesat Lightspeed broadband satellites under a contract valued at 2.1 billion Canadian dollars ($1.53 billion). Telesat plans to finance the program partly through Canadian government commitments, still not formalized, and Telesat’s . . .

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