Goldberg added: "In our GEO segment, through focused execution we generated a 74% Adjusted EBITDA margin and ended the quarter with a substantial contractual backlog of $1.0 billion. We remain confident in the 2025 guidance we released on our last earnings call." For the quarter ended March 31, 2025, Telesat reported consolidated revenue of$117 million, a decrease of 23% ($35 million) compared to the same period in 2024. When adjusted for changes in foreign exchange rates, revenue declined 26$40 million ...