Mr. Dan Goldberg reports

CANADIAN ARMED FORCES SELECTS TELESAT LIGHTSPEED FOR MIL-KA-BAND COMPONENT OF ESCP-P ARCTIC MILITARY COMMUNICATIONS PROGRAM

Telesat Corp. has reached an agreement in principle with Canada's Defence Investment Agency for Telesat Lightspeed services to deliver secure Military Ka-band (Mil-Ka) Arctic connectivity to the Canadian Armed Forces for the Enhanced Satellite Communications Project -- Polar (ESCP-P) program.

This agreement builds on the strategic partnership agreement announced in late 2025 between the Defence Investment Agency, Telesat and MDA Space for the ESCP-P program, and reflects Canada's strategy to leverage commercial expertise and innovations to accelerate delivery of critical sovereign capabilities. Telesat expects to deliver a comprehensive solution to the Canadian Armed Forces (CAF), including secure, Mil-Ka connectivity across Canada's Arctic region, spanning 65 degrees to 90 degrees north latitude. The program will also include end-to-end network integration services, including user terminals, ground and control infrastructure, training, and support services.

"We commend the Canadian Armed Forces, the Defence Investment Agency and the government of Canada for their forward-looking approach to securing critical military communications capabilities," said Dan Goldberg, Telesat's president and chief executive officer. "By leveraging commercial innovation and investments, Canada will accelerate access to secure, advanced, resilient and sovereign connectivity while driving meaningful cost-efficiencies in program delivery. Telesat Lightspeed will help strengthen the CAF's ability to maintain persistent communications, operational awareness and mission success across the strategically vital Arctic domain."

The above agreement is subject to the execution of a definitive contract by the parties, which Telesat expects to be completed in the coming weeks. Following execution, Telesat intends to share more detailed information about the expected financial impact of this agreement. This agreement, as well as the anticipated definitive contract, will not impact the timing of Telesat Lightspeed global service delivery, which remains on track for Q1 2028.

About Telesat Corp.

Backed by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat is one of the largest and most innovative global satellite operators. Telesat works collaboratively with its customers to deliver critical connectivity solutions that tackle the world's most complex communications challenges, providing powerful advantages that improve their operations and drive profitable growth.

Continuously innovating to meet the connectivity demands of the future, Telesat Lightspeed, the company's state-of-the-art Low Earth Orbit (LEO) satellite network, has been optimized to meet the rigorous requirements of telecom, government, maritime and aeronautical customers. Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity, secure and resilient links with fibre-like speeds.

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