Canada Awards Multibillion-Dollar Military Satellite Deal to MDA Space, Telesat

The Wall Street JournalTuesday, December 9, 2025 at 6:10:00 PM
Canada Awards Multibillion-Dollar Military Satellite Deal to MDA Space, Telesat
  • Canada has awarded a multibillion-dollar military satellite contract to MDA Space and Telesat, a significant move under Prime Minister Mark Carney's administration, which aims to accelerate military spending. This decision has led to a notable increase in the stock prices of both companies.
  • The awarding of this contract is a crucial step for MDA and Telesat, enhancing their positions in the defense sector and potentially leading to further opportunities in military and aerospace projects.
  • This development reflects a broader trend in Canada’s defense strategy, as the government seeks to strengthen military capabilities while also engaging in international trade discussions, such as those with India, indicating a multifaceted approach to economic and security partnerships.
— via World Pulse Now AI Editorial System

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