Telesat Strongly Supports The Recommendations Of The Aerospace Review On Canada's Future In Space
Mr. Emerson and his colleagues underscore the strategic importance of Canada's space industry and the need for timely Government action
OTTAWA, Nov. 29, 2012 /CNW/ - Telesat, Canada's premiere satellite operator, welcomes the Report of the Aerospace Review released earlier today and believes that its recommendations provide a clear path forward for the Government of Canada.
Telesat congratulates Minister Paradis for mandating the Aerospace Review and Mr. Emerson and his colleagues for their work in delivering a timely and focused report that addresses many of the critical issues facing Canada's space industry.
Among the key aspects of the Report is a clear statement that the imperatives of development and security in the North should be high on the list of Government priorities in a Canadian Space Program. "Telesat agrees that the North presents an important opportunity and believes that it can be best addressed by leveraging the advanced capabilities of today's satellite services", stated Dan Goldberg, President and CEO. "For the past several years, the Government of Canada has studied the development of a capability to provide broadband communications infrastructure for sovereignty, safety and security objectives in the North and to allow for meteorological observation in the Arctic to permit weather forecasting, modeling and environmental monitoring. Creating such a capability would greatly enhance the government's ability to deliver on some of the key objectives identified in the Report, using satellites as a key instrument of policy."The Aerospace Review Report also identifies that one of Government's key responsibilities relates to making procurement decisions that strengthen domestic industries, and therefore the national economy, while respecting international trade rules and acquiring the best products at a reasonable price. Telesat applauds the Report's approach in relation to procurement practices of the Government. "Given that Canada is making fewer space investments than certain other countries the Government of Canada must be highly targeted and strategic when it procures space related services and goods with a view toward enhancing the competitiveness of the Canadian space sector while at the same time achieving a good value proposition for the Canadian taxpayer", said Mr. Goldberg. Telesat looks forward to the Government's response to this important Report.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV