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MDA’s scope of work on Lightspeed is expected to involve an investment of over C$200,000,000 by MDA and create approximately 280 jobs over five years.
The Lightspeed program will create 600 high-paying STEM jobs in Quebec.
The Quebec government will invest 400 million Canadian dollars (US$315,500,000) in Telesat’s Lightspeed low-Earth orbit communications network.
Telesat selected Canadian space technology company MDA to manufacture the phased array antennas for the Lightspeed satellites.
Telesat will invest C$1,600,000,000 into Québec, both directly and through its supply chain, which will include a significant portion of Lightspeed manufacturing and operations.
Telesat completed a C$600,000,000 partnership with the Government of Canada to support Telesat Lightspeed and bridge Canada’s digital divide.
The Lightspeed project preserves 650 jobs and is expected to create an additional 600 jobs with average annual salaries of about $100,000.
MDA will deliver more than 1,000 units of its phased array antennas for the Lightspeed program.
Telesat previously focused on providing communications from geostationary satellites prior to pursuing the Lightspeed low-Earth orbit constellation.
Investissement Québec will provide a loan of C$50,000,000 to support the economic activity related to the Lightspeed project.
Optical laser link interconnections between Lightspeed constellation satellites will provide global mesh coverage including above the oceans and poles with a high level of security for end-to-end services.
Lightspeed will use optical laser links between satellites to create a global mesh coverage of the world.
The Telesat Lightspeed LEO fleet contract announced on 2021-02-09 will bring an additional 15,000 Gb/s of bandwidth when it goes fully live around the 2023 to 2024 timeframe.
Telesat’s constellation is named Lightspeed and will start offering services in 2023.
Seventy-eight Lightspeed satellites will deploy to a polar orbit with 13 satellites in six planes at an altitude of 1,15 km.
Kodem Growth Partners led Vector’s $70,000,000 Series B round alongside Morgan Stanley Alternative Investment Partners, Sequoia Capital, Lightspeed Venture Partners, and Shasta Ventures.