+1-888-308-5802     
News Contact Us

Telesat picks Thales Alenia Space to develop low earth orbit satellites

Author : Pankaj Singh | Published Date : 2021-02-11 

Canadian satellite communications firm Telesat has reportedly signed a USD 3 billion contract with Thales Alenia Space, a French-Italian aerospace company to develop around 300 LEO (low earth orbit) telecommunication satellites.

For those unaware, LEO satellites function relatively closer to earth as compared to traditional ones, further allowing them to offer faster broadband service, especially in remote areas.

Dan Goldberg, President and Chief Executive of Telesat mentioned that the team is looking forward to entering this business space amidst the growing demand for worldwide broadband connectivity. He added that Telesat is likely to launch the first satellites in the upcoming two years. Goldberg further claimed that the deal is likely to be finalized in the upcoming months.

According to President and CEO of Thales Alenia Space Hervé Derrey, the first 13 satellites would be developed at the company’s facility in Toulouse. Telesat’s satellites will be one of the most advanced devices, outperforming all existing and traditional systems.

It is worth noting that Thales Alenia Space is a joint venture agreement between two of the leading aerospace companies; France-based Thales Group and Italy’s Leonardo S.p.A. Moreover, Leonardo’s shares surged by 1.7% while Thales recorded a 1.4% increase.

Telesat is shifting into a highly competitive business vertical of LEO networks, with the intention to offer services to several enterprise customers such as government, mobile operators, as well as shipping and aircraft companies.

Some of the companies defining the competitive outlook are Jeff Bezos’ Blue Origin and its Project Kuiper as well as Elon Musk’s SpaceX and its Starlink project. Some analysts say that the LEO competition is currently focused on the consumer market.

Speaking of SpaceX, the American aerospace and satellite manufacturer has been chosen by NASA to launch the first two pieces of the Lunar Gateway in the year 2024.

Source Credits –

https://www.reuters.com/article/telesat-cnda-thales-satellite/update-1-telesat-taps-thales-alenia-space-for-3-bln-deal-to-build-low-earth-orbit-satellites-idUSL1N2KF1J2

About Author

Pankaj Singh

Pankaj Singh

Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605

Related News

Teenage Engineering chosen by Carl Pei’s Nothing as founding partner

Published Date: 2021-02-26         Author: Pankaj Singh

Teenage Engineering, a Stockholm-based music equipment design firm has recently been tapped by Nothing, an emerging consumer tech brand created by ex-OnePlus executive Carl Pei to work collaboratively on upcoming product releases. According to Pei, the design firm, which is one of the founding partn... Read More

PepsiCo introduces new hydrating line of juice beverages for youngsters

Published Date: 2021-02-25         Author: Pankaj Singh

PepsiCo Inc., an American multinational food and beverage corporation, has reportedly introduced a new product line, Frutly, which is basically a hydrating juice water, specially designed for youngsters. The new entrant to PepsiCo’s juice category, comprises fruit juice, water, and electrol... Read More

Blackstone Group receives CCI nod for Piramal Glass acquisition

Published Date: 2021-02-24         Author: Pankaj Singh

The Competition Commission of India (CCI) has reportedly approved Blackstone Group’s deal to acquire the global specialist in design, production, and decoration of premium glass packaging, Piramal Glass. Sources with relevant information stated that this deal will be the heftiest ever trans... Read More

© 2021 Fractovia. All Rights Reserved