Telesat, Hanwha Group sign strategic cooperation agreement

Telesat (TSAT) and Hanwha Systems announced the signing of a memorandum of understanding to jointly collaborate on next-generation, sovereign satellite connectivity solutions, as well as user terminals that will be compatible with Telesat’s Low Earth Orbit network, Telesat Lightspeed. The MOU follows the signing of a Letter of Intent between the Government of Canada through the Canadian Commercial Corporation and the Government of Korea through the Defense Acquisition Program Administration to pursue a structured initiative on next-generation commercial Low earth Orbit satellite communications and advanced maritime platforms. Hanwha and Telesat will explore a range of cooperative programs, notably the Government of Korea’s LEO communications satellite constellation and defense user terminals that are compatible with K-LEO and Telesat Lightspeed. Additionally, the companies are cooperating on the Canadian Patrol Submarine Project, where Hanwha intends to include significant, multi-year Telesat Lightspeed services as a key strategic aspect of its bid in its Industrial and Economic Benefits to Canada Proposal Annex. Hanwha will also look to apply Telesat Lightspeed services to various platforms within its weapon systems as a means of exploring potential business collaboration opportunities throughout the global defense market.