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Stock impact report

Telesat stock soars over 18% as CEO hails 'increasingly bullish' times Shares of the Ottawa-based company hit fresh 52-week highs on Tuesday In this article : Toronto - Free Realtime Quote...

Telesat Corporation (TSAT) 
The satellite communications firm's CEO is the latest executive in Canada's defence sector to hail a “once in a generation” global spending spree on military tech. Formerly a Canadian Crown corporation, the Ottawa-based company has received billions in financial backing from the federal government to build its Lightspeed low earth orbit satellite constellation. At the same time, it's working with the government and Brampton-based MDA Space ( MDA.TO ) improve communication in the Arctic. “We've become increasingly bullish on the government and defence opportunity for Telesat Lightspeed, and the trends there only continue to get better,” president and CEO Dan Goldberg told analysts on a post-earnings conference call on Tuesday. Beyond Canada, Goldberg says Telesat is an approved supplier for America's “Golden Dome” national missile defence initiative. Last year, U.S. President Donald Trump said the project could require up to US$175 billion in spending. On Tuesday, Goldberg also t Show less Read more
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