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HardwareMAG 8Bullish
•
2026-08-04•1 min read

Telesat Secures $1.63B Canadian Defense Contract for Arctic Satellites

Zubiqo Take
QuoteThreads

"Locking down a defense customer before launch simply de-risks an expensive space bet against SpaceX."

Telesat Secures $1.63B Canadian Defense Contract for Arctic Satellites
📷 Image Source: SpaceNews

Executive Summary

  • •And the agreement provides Ka-band communications—specifically across the Arctic region. Services don't start until 2028.
  • •Two five-year options could extend the service period to 15 years. With those options included, the total value reaches approximately $1.92 billion.
  • •But as milestone payments arrive, they immediately fund 69 additional spacecraft. They pay for the exact expansion the operator was aiming for.

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Key Developments & Data

Telesat signs a $1.63 billion military contract with Canada to expand its Lightspeed network. And the agreement provides Ka-band communications—specifically across the Arctic region. Services don't start until 2028. Two five-year options could extend the service period to 15 years. With those options included, the total value reaches approximately $1.92 billion. But as milestone payments arrive, they immediately fund 69 additional spacecraft. They pay for the exact expansion the operator was aiming for. "This contract ensures the Canadian Armed Forces will have access to secure, resilient and sovereign connectivity years earlier than originally planned." — Dan Goldberg
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