News

PanAmSat Orders Space Systems/Loral Bird

10/15/2003 7:31 AM Eastern

Loral Space & Communications’ Space Systems/Loral unit said Wednesday that PanAmSat Corp. has given it the OK to proceed with the design and construction of a new satellite.

PanAmSat also agreed to an option for an in-orbit spare for one of its existing satellites, with terms and conditions to be set.

DirecTV Inc. parent Hughes Electronics Corp. also told SS/L two previous agreements are now fully enforceable and binding.

Want to read more stories like this?
Get our Free Newsletter Here!