Canadian Space Company MDA Ltd. to Manufacture Satellites, Saving $2 Billion

Play Video

Canadian space company MDA Ltd., whose shares also took off in trading on Aug. 11, will be the primary partner to manufacture the satellites resulting in “approximately US$2 billion in anticipated capital savings,” Telesat said in a press release. French-Italian manufacturer Thales Alenia Space was initially tapped to build the satellites and provide other infrastructure at a cost of US$5 billion.

National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Subscribe now to read the latest news in your city and across Canada.Daily content from Financial Times, the world's leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.

National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Create an account or sign in to continue with your reading experience.Share your thoughts and join the conversation in the comments.Don't have an account?

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Company Plans to Offer Monthly Trips to Aspiring Space TouristsVirgin Galactic, along with Blue Origin and SpaceX, aims to become a leader in the space tourism sector by offering monthly trips to customers. The company recently launched its first group of space tourists from New Mexico's Spaceport, with the goal of inspiring others and overcoming financial challenges.
Bron: CBCNews - 🏆 2. / 99 Lees verder »