Kongsberg Gruppen Signs MDA Space MOU, Telesat LOI to Expand Canada Presence

Kongsberg Gruppen ASA (KBGGY.PK) announced on Tuesday, September 22, 2026, plans to expand its Canadian operations through a Memorandum of Understanding with MDA Space Ltd. and a strategic Letter of Intent with Telesat LEO ULC, a subsidiary of Telesat Corp. The agreements, disclosed via RTTNews, are non-binding at this stage. The MOU with MDA Space and the LOI with Telesat LEO ULC signal the Norwegian defense and aerospace group's intent to deepen partnerships within Canada's space and satellite communications sector. Financial terms, contract values and implementation timelines were not disclosed. Further details on the scope of the collaboration were not immediately available.