Telesat Secures Multi-Year Contract with Viasat for Lightspeed Services

The latest announcement is out from Telesat Corp ( (TSE:TSAT) ).

Telesat has secured a significant multi-year contract with Viasat Inc. to provide Telesat Lightspeed Low Earth Orbit services, which Viasat will integrate into its offerings for aviation, maritime, enterprise, and defense markets. This partnership will enhance Viasat’s broadband connectivity services, allowing thousands of airplanes equipped with Viasat’s technology to access the Telesat Lightspeed network by 2027, and supports Viasat’s network automation goals, positioning Telesat as a key player in the dynamic broadband connectivity market.

Spark’s Take on TSE:TSAT Stock

According to Spark, TipRanks’ AI Analyst, TSE:TSAT is a Neutral.

Telesat Corp’s overall stock score reflects substantial financial challenges, with declining revenue and negative profitability margins. Technical indicators suggest weak momentum, and valuation metrics are unfavorable. Despite some positive developments noted in the earnings call, such as financing and debt management, these are outweighed by anticipated revenue declines and significant net losses, leading to a cautious outlook.

To see Spark’s full report on TSE:TSAT stock, click here.

More about Telesat Corp

Telesat is one of the largest and most innovative global satellite operators, known for its engineering excellence, reliability, and industry-leading customer service. The company collaborates with customers to provide critical connectivity solutions that address complex communications challenges, enhancing operations and driving growth. Telesat Lightspeed, their Low Earth Orbit satellite network, is designed to meet the needs of telecom, government, maritime, and aeronautical customers, offering high-capacity, secure, and resilient connectivity.

YTD Price Performance: -1.07%

Average Trading Volume: 78,225

Technical Sentiment Signal: Sell

Current Market Cap: $230.8M

See more insights into TSAT stock on TipRanks’ Stock Analysis page.