Telesat, MDA Space shares soar on news of satellite contract with Canada’s Armed Forces

Biztoc.com - August 4, 2026

Telesat, MDA Space shares soar on news of satellite contract with Canada’s Armed Forces

Shares of Telesat Corp. TSAT-T and MDA Space Ltd. MDA-T skyrocketed after Ottawa and the Canadian companies struck a deal to establish secure military satellite communications in the Arctic. In a push to defend sovereignty in the Arctic, Ottawa’s Defence Inve…

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