Quebec government to invest $400 million in Telesat's LEO program

Company to create 600 Lightspeed jobs in the province MONTREAL – Satellite operator Telesat announced this week it has entered into a memorandum of understanding (MOU) with the government of Québec for an investment of $400 million into Telesat Lightspeed, the company’s low earth orbit (LEO) satellite network. The MOU will see Telesat invest $1.6 billion in Québec, both directly and through its supply chain, which will include a significant portion of Lightspeed manufacturing and operations, said the company. The Lightspeed program will be based in Quebec and will create 600 jobs, “leverage Québec’s substantial aerospace expertise and infrastructure, and...