PanAmSat Orders Space Systems/Loral Bird

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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.