Loral Awarded Contract to Build Satmex 6

Flash! Archive
June 2002
May 2002
April 2002
March 2002
February 2002
January 2002
December 2001
November 2001
October 2001
September 2001
August 2001
July 2001
June 2001
May 2001
April 2001
March 2001
February 2001
January 2001
December 2000
November 2000
October 2000
September 2000
August 2000
July 2000
June 2000
May 2000

Loral Awarded Contract to Build Satmex 6

Satmex plans to invest US$300 million to build a new satellite, Satmex 6. Construction of Satmex 6 will begin in the coming weeks, with launch planned for as soon as the construction is completed in early 2003. The satellite will be constructed by Space Systems / Loral. Loral Space & Communications Ltd. owns a 49 percent stake in Satmex. Principia and the Mexican government own the remainder of Satmex in almost equal parts.

Satmex was prompted to moving quickly to put a new satellite into orbit after the August failure of Solidaridad 1. Satmex switched off the Hughes built HS 601 permanently, after attempts to reestablish communication with its central processors repeatedly failed. Solidaridad 1 was insured for US$250 million. The proceeds of the insurance claim are being used toward the construction and launch of a replacement satellite. Satmex currently has three active satellites: Solidaridad 2, Satmex 5 and Morelos 2.

SPACEandTECH Digest is a weekly roundup of the latest industry news of interest to the space professional. SPACEandTECH Flash! is an internet push service offered by Andrews Space & Technology to bring the latest on orders, launches, and important breaking news to your desktop. SPACEandTECH Digest and SPACEandTECH Flash! are part of the Andrews Space & Technology www.spaceandtech.com website, a website designed to serve the information needs of the space industry.

If you would like to subscribe to the SPACEandTECH Flash! (currently a free service), contact the www.spaceandtech.com Editor-in-Chief, Joe Hopkins, at editor@spaceandtech.com

December 14, 2000