WorldSociety

German company to build $100-million rocket launch facility at Spaceport Nova Scotia in Canso

Skip to ContentHomeFilter by regionNova ScotiaHalifaxLocal SportsLocal BusinessLocal OpinionAnnapolis ValleyTruroTri-CountyNew GlasgowSouth ShoreAntigonishCape BretonPrince Edward IslandSummersideNewfoundland. . .

By Aaron Beswick · · 4 min read

German company to build $100-million rocket launch facility at Spaceport Nova Scotia in Canso

Skip to ContentHomeFilter by regionNova ScotiaHalifaxLocal SportsLocal BusinessLocal OpinionAnnapolis ValleyTruroTri-CountyNew GlasgowSouth ShoreAntigonishCape BretonPrince Edward IslandSummersideNewfoundland & LabradorNewsCanadaHealthWorldOpinionEditorial CartoonsBusinessLocal BusinessSportsLocal SportsBaseballBasketballFootballHockeyEntertainment & LifeFoodHomesSavingsSpecial SectionsLives ToldTails ToldShopping EssentialsDealsEntertainment & HobbiesGift GuideHome LivingKitchen & DiningOutdoor LivingPersonal CareStyle & BeautyTechTravel GuidePNI Atlantic StoreePaperPuzzmoNewslettersTravelBusiness AdsObituariesClassifiedsJobsAdvertisingAdvertising With UsAdvertising SolutionsPostmedia Ad ManagerSponsorship RequestsProfileSettingsMy SubscriptionsNewslettersCustomer ServiceFAQNewsOpinionBusinessSportsEntertainment & LifeSpecial SectionsShopping EssentialsePaperPuzzmoNewslettersTravelBusiness AdsObituariesClassifiedsJobsHomeAtlantic CanadaNewsCanadaNova ScotiaAntigonishHalifaxNew GlasgowGerman company to build $100-million rocket launch facility at Spaceport Nova Scotia in CansoDeal signed just hours after prime minister announces Canada's buying German subsMaritime Launch Services Inc. successfully completed a second suborbital launch demonstration from Spaceport Nova Scotia on Nov. 20, 2025. A German aerospace company has signed a deal with Spaceport Nova Scotia to launch rockets from Canso. Subscribe now to access this story and more:Unlimited access to the website and appExclusive access to premium content, newsletters and podcastsFull access to the e-Edition app, an electronic replica of the print edition that you can share, download and comment onEnjoy insights and behind-the-scenes analysis from our award-winning journalistsSupport local journalists and the next generation of journalistsSubscribe or sign in to your account to continue your reading experience. Unlimited access to the website and appExclusive access to premium content, newsletters and podcastsFull access to the e-Edition app, an electronic replica of the print edition that you can share, download and comment onEnjoy insights and behind-the-scenes analysis from our award-winning journalistsSupport local journalists and the next generation of journalistsCreate an account or sign in to continue your reading experience. Access additional stories every monthShare your thoughts and join the conversation in our commenting communityGet email updates from your favourite authorsSign In or Create an AccountorISAR Aerospace will lease one of the four pads at the Guysborough County facility being built by Maritime Launch Services. The deal will see ISAR build a $100-million facility around its pad for the launch of its Spectrum rockets. ISAR will pay $15 million upfront, then have up to 30 months without lease payments as it builds the facility. Once it begins operations, it will pay $15 million annually to lease the site. Maritime Launch president Steven Matier said a technical team from ISAR will arrive in Canso next week. “Their goal and ours is to be fully commissioned by the end of 2027, with first launch for their rocket in early 2028,” Matier told The Chronicle Herald on Tuesday. Matier signed the deal with ISAR representatives at the NATO summit in Ankara, Turkey, just hours after Prime Minister Mark Carney announced that Canadaselected the German-Norwegian Type 212CD submarineas its preferred bid. Those submarines are built by German company ThyssenKrupp Marine Systems (TKMS). In May, TKMS signed an agreement with ISAR Aerospace to help finance its effort to lease a site at Spaceport Nova Scotia and build a launch facility. Canadian procurement policy requires that foreign companies contracting to supply military hardware invest an equivalent amount back into Canada’s economy. “Through co-operating with ISAR Aerospace, TKMS is underlining its ambition to successfully cover all domains of modern naval warfare,” said Tobias Würtz, senior vice-president of industrial co-operation at TKMS, in a statement in May. “Our partnership combines global submarine program experience with space launch expertise, supporting sovereign capability and long-term operational superiority for Canada and other partner nations. ”Three of Spaceport Nova Scotia’s four launch pads have now been leased. Montreal rocket company Reaction Dynamics entered into an equity agreement last year to lease one. In March the Department of National Defence signed on to lease another for 10 years for $200 million. Matier said the facility operates on the airport model. It provides the space, along with services such as roads, power, internet and a launch control centre. Those leasing the pads are required to build their own infrastructure for launching rockets. Matier said that over the coming year the company will install the internet and water systems, and then move to building the launch control centre and bay area for rocket storage and preparation. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more aboutcookies here. By continuing to use our site, you agree to ourTerms of UseandPrivacy Policy.

Source: thevanguard.ca

More Business news