Tag: Government of Canada
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MDA Space Reports Record 2025 Revenue Driven by Satellite Systems Growth
MDA Space reported record revenue for fiscal year 2025, driven largely by strong demand in its satellite manufacturing business. The Ontario-based company posted annual revenue of CA$1.63 billion ($1.19 billion), representing a 51% increase from the previous year and landing at the upper end of its projected range of CA$1.5 billion to CA$1.65 billion. MDA…
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Telesat Says Creditor Lawsuits Over Equity Transfer Are “Without Merit”
Telesat said on Jan. 21 that lawsuits filed by certain creditors challenging a 2025 equity distribution are “without merit,” as the company moves to defend itself against legal action in the United States and Canada. The company confirmed reports that creditors holding portions of its geostationary orbit (GEO) debt have filed lawsuits in New York…
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Canada’s Space Industry Urges Faster Defence Procurement in New Policy Paper
Canada’s space industry is urging the federal government to accelerate defence procurement and modernise how it acquires space-based capabilities, as global competition and security demands intensify. Space Canada, an industry advocacy group, released a 17-page position paper on Wednesday outlining recommendations aimed at speeding up procurement and aligning Canada’s approach with international defence trends. The…