An artist rendition of the Boeing-built satellite. Photo: Boeing

Boeing backed out of a satellite order from a Chinese government-owned firm on Thursday, according to a report from the Wall Street Journal. This decision followed a Wall Street Journal investigation which claimed that China funneled around $200 million to the Global IP project.

The report stated that “a person familiar with Boeing’s thinking said canceling the order was a business decision. The person said the company would likely attempt to resell the satellite, which had been nearing completion at a Boeing facility in Los Angeles.”

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