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Telesat (NASDAQ:TSAT) reported first-quarter 2026 results that management said were in line with expectations for its legacy geostationary (GEO) business while continuing to advance development and commercialization efforts for its Telesat LightSpeed low Earth orbit (LEO) constellation. LightSpeed

Telesat Corp (TSAT) reports a net loss but showcases strategic progress in its Lightspeed LEO network and defense sector opportunities.

Telesat (NASDAQ:TSAT) executives highlighted progress on the company’s Lightspeed low Earth orbit (LEO) satellite program and discussed ongoing pressure in its legacy geostationary (GEO) business during an earnings call covering 2025 results and 2026 expectations. Chief Executive Officer Dan Goldbe

And of course, as we announced in December, Telesat Corporation and MDA have been selected by the Government of Canada to develop and deploy the Enhanced Satellite Communications Project Polar, known as ESCaPE, a next-generation satellite communications platform to provide connectivity for the Canadian Armed Forces in the Far North. This is a significant opportunity for us, and we're working with our partners to get under contract for that as soon as possible. In light of the order of magnitude of the opportunity to serve allied defense users, and as you may have seen in our separate release this morning, we're further optimizing Telesat Lightspeed for defense requirements by adding military...

Moby summary of Telesat Corporation's Q1 2026 earnings call

OTTAWA, Ontario (AP) — Telesat Corporation (TSAT) on Tuesday reported a loss of $90.1 million in its fourth quarter. On a per-share basis, the Ottawa, Ontario-based company said it had a loss of $6.08. Losses, adjusted for non-recurring costs, came to 97 cents per share.