Telesat’s Rebuild Gets Boost From Canada’s Defense War Chest

Prime Minister Mark Carney has opened the spigot for Canada to invest tens of billions of dollars more on defense, which means the country — very belatedly — just hit its North Atlantic Treaty Organization commitment to spend 2% of gross domestic product on security.

That’s good news for the country’s biggest satellite operator, Telesat Corp., which recently won a contract along with satellite builder MDA Space Ltd. to provide Arctic military communications. It’s a deal worth at least C$5 billion ($3.6 billion).