OTTAWA, Ontario and BRAMPTON, Ontario, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, and MDA Space (TSX: MDA), a trusted mission partner to the rapidly expanding global space industry, today announced that they have concluded a key phase in the Telesat Lightspeed low Earth orbit (LEO) constellation program with the successful completion of the spacecraft Preliminary Design Review (PDR). The PDR is a critical checkpoint i ...

Telesat (TSAT) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.36. This compares to loss of $3.80 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 77.78%. A quarter ago, it was expected that this satellite communications company would post earnings of $2.47 per share when it actually produced a loss of $2.87, delivering a surprise of -216.19%. Over the last four quarters, t ...

Exhibit 99.1 TELESAT. TELESAT CORPORATION Quarterly Report For the Three Month and Nine Month Periods Ended September 30, 2024 PART I. FINANCIAL INFORMATION | Item 1. | Financial Statements | 1 | | --- | --- | --- | | Item 2. | Management's Discussion and Analysis of Financial Condition and Results of Operations | 30 | | Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 61 | PART II. OTHER INFORMATION | Item 1. | Legal Proceedings | 62 | | --- | --- | --- | | Item 1A. Risk Factors | | 6 ...

OTTAWA, Ontario, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, has scheduled a conference call on Thursday, November 14, 2024, at 10:30 a.m. EST to discuss its financial results for the three month and nine month periods ended September 30, 2024. The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Andrew Browne, Chief Financial Officer, of Telesat. Prior to the commencement of the ca ...

Under the terms of a new agreement, SatixFy will design, develop, and supply Landing Station Baseband systems to Telesat, with deliveries taking place over a 28-month period. These systems will enable high-speed and efficient communication between the Telesat Lightspeed Low Earth Orbit (LEO) satellites and the Landing Stations. The Telesat Lightspeed constellation is designed to deliver global, high-speed, low-latency broadband connectivity for enterprise and government organizations. The total agreement am ...

LONG BEACH, Calif., Oct. 28, 2024 (GLOBE NEWSWIRE) -- APEX Expo -- Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, today announced the signing of a Memorandum of Understanding (MOU) with Airbus SAS to collaborate on the integration of the Telesat Lightspeed low earth orbit (LEO) network within the Airbus HBCplus Ka-band solution portfolio. Airbus launched its HBCplus satellite connectivity solution as a supplier-furnished line-fit catalogue option and also ...

Telesat Corporation (NASDAQ: TSAT ) expects to receive significant demand for the company's Low Earth Orbit satellites, and has improved the broadband connectivity. The fact that governments, large corporations, and SpaceX signed agreements with TSAT could serve as a net sales driver. I I worked for several financial institutions in Europe almost all my life. I usually covered european, and american stocks for several clients in NY. I look for consistent earnings, and dividend growth. I avoid stocks without ...

OTTAWA, Ontario, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, today announced the appointment of recently retired Brigadier-General G. Michael Adamson as the company's new Senior Director of Defence Strategy and Business Development. In this role, BGen (Ret'd) Adamson will work to expand and execute the government go-to-market and business development strategy for the Telesat Lightspeed low earth orbit (LEO) network, w ...

Telesat (TSAT) shares ended the last trading session 10.3% higher at $12.07. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 20.2% gain over the past four weeks. The increase in share price can be attributed to the C$2.54 billion funding secured by Telesat for advancing its Lightspeed Low Earth Orbit (LEO) broadband satellite constellation. The funding was provided by the governments of Canada and Quebec. Telesat w ...

MONTREAL, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, today announced the completion of funding agreements with the Government of Canada and the Government of Quebec for its highly advanced Telesat Lightspeed Low Earth Orbit (LEO) broadband satellite constellation. With this milestone completed, Telesat now has all financing sources in place to fund the global Telesat Lightspeed network, including the satellites, laun ...