A rendering of a Telesat Lightspeed satellite based on MDA's new software-defined platform.

Israeli satcoms equipment maker SatixFy announced plans Aug. 31 to sell its satellite payload subsidiary to MDA as part of a $60 million strategic transaction with the Canadian space hardware specialist.

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Jason Rainbow writes about satellite telecom, space finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information...