Finance

China used a Long March 311 rocket to launch a telecommunications satellite for Venezuela, the first time China made and launched a bird for a Latin American nation, Xinhua news reported. The rocket lifted off from the Xichang Satellite Launch Center in Sichuan Province in southwestern China. China Aerospace Science and Technology Corp. produced the...

Arianespace and Thales Alenia Space have entered a deal for launching the pan-African communications satellite, Rascom-QAF 1R. It is scheduled for launch into geostationary transfer orbit in 2010. It will be launched by an Ariane 5 or Soyuz rocket from Europe’s Spaceport in French Guiana, South America. Rascom-QAF 1R, built by Thales Alenia Space as...

[Satellite News 10-22-08] A jury awarded ICO Global Communications at least $371 million plus interest in its breach of contract lawsuit filed against Boeing Co. and Boeing Satellite Systems International over a plan to launch a fleet of mobile telephone and Internet service satellites     The Los Angeles Superior Court jury found that Boeing acted...

[Satellite News 10-20-08] CEOs from the satellite industry’s largest companies remain largely optimistic about their prospects despite the current worldwide economic crisis.     “The good news is, nobody blames the telecom industry for the crisis and satellite is in a pretty good position right now,” Michael Targoff, CEO of Loral Space and Communications said Oct....

[Satellite News 10-15-08] The discussion between financial analysts and satellite executives at the ISIS Satellite Investment Symposium was dominated by talk of the recent financial crisis on Wall Street.     Craig Moffett, managing director of Sanford Bernstein, urged his panel of mobile satellite service executives and members of the audience to readjust their business model....

[Satellite News 10-09-08] The spiralling cost of launch services remains a major concern for fixed satellite services (FSS) operators around the globe.     “I believe satellites and launchers are too expensive,” Eutelsat CEO Giuliano Berretta said at September’s World Satellite Business Week in Paris. “What is happening in the last year is too much. It...

[Satellite News 09-29-08] After six years and three failed attempts, Space Exploration Technology Corp. (SpaceX) launched the first privately funded, liquid-fuelled rocket into orbit Sept. 28, the company said.     The Falcon 1 rocket, which carried a dummy payload with a mass of about 165 kilograms lbs, lifted off at 7:15 p.m. EDT from Omelek...

[Satellite News 09-22-08] Arianespace’s recent order for ten Soyuz launch vehicles from the Russian space agency, Roskosmos, represents an investment in increased launch capacity and scale according to the Arianespace President, Clayton Mowry.     Mowry told Satellite News that in terms of scale, Arianespace is going by a schedule of eight launches a year and...

[Satellite News – 09-0908] CEOs of the globe’s largest commercial satellite operators says that despite the overall credit crunch, there are expecting good revenue growth over the next few years.     “We are still experiencing strong demand. We have been building backlog. We have seen good demand. Our customers are able to pay us and...

[Satellite Today 08-08-08] U.S. Air Force Space Command plans to sell Space Launch Complex (SLC) 36 at Cape Canaveral Air Force Station, Fla., to the state of Florida, the organizations announced Aug. 7.     The proposed action would grant the state access to the property under a real-estate license for an initial term of five...