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Telesat Q2 2026 Loss Widens as Lightspeed Gains Military Ka- Band Contract

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Telesat is extracting cash from its aging GEO satellites to fund operations until Lightspeed enters service in early 2028. Q2 revenue fell to $79.5 million and the company posted a net loss of $558.6 million. The ESCP-P Mil-Ka contract for secure connectivity to the Canadian Armed Forces boosts its Lightspeed LEO backlog to $5.6 billion, with launch capacity largely secured for the 225-satellite constellation.

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