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TSAT advances Lightspeed LEO satellite buildout with $2.7B Canadian defense deal, aiming global service by 2028

Analyst Insights
16 Aug 2026
Seeking Alpha
View Source
Bullish
TSAT advances Lightspeed LEO satellite buildout with $2.7B Canadian defense deal, aiming global service by 2028

Telesat Corporation (TSAT) is transitioning from its declining geostationary satellite business to focus on its Lightspeed low-Earth-orbit (LEO) broadband project. The Lightspeed constellation has expanded to 225 satellites, targeting global commercial service by the end of Q1 2028. TSAT also secured a C$2.7 billion Canadian defense contract, suggesting a total LEO backlog near C$5.6 billion, underpinning the long-term strategic value of Lightspeed. This progress makes TSAT shares a speculative buy at current levels.

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Volkswagen recalls 208,000+ SUVs in US over steering bolt corrosion risk

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Volkswagen Group of America is recalling over 208,000 SUVs in the US, including certain 2018 Tiguan, 2018-2019 Atlas, and 2019-2021 Audi Q3 models, due to a steering rack mounting bolt that can corrode and break. This defect could cause a loss of ste...

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Accsys expects higher adjusted EBITDA despite 6% revenue drop amid cautious market conditions.

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