Editor
Satellite operator Telesat has given space tech firm MDA a CAD 2.1 billion (nearly Rs. 12,950 crore) contract to build 198 satellites for its low-earth orbit program.
The deal announced on Friday sparked a more than 45 percent surge in both Telesat’s Canadian and US shares, putting them on track for their best day ever. MDA, meanwhile, rose about 29 percent.
Telesat said it had earmarked $3.5 billion (nearly Rs. 29,020…
