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Technology Stocks : Loral Space & Communications

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To: Jeff Vayda who wrote (10242)10/8/2002 11:56:35 AM
From: ebg51  Read Replies (1) of 10852
 
Boeing sweetens the pot.
I have been hearing from SS/L people for over a month that Boeing has taken Measat. According to SS/L employees, Boeing has offered to build & launch without payment until the bird is in orbit. Loral works on the milestone payment plan, because of cash-flow problems. Usual arrangement with loral is that customers pay so much along the way as milestones are reached. Boeing's deal is really sweet because it is no risk for Measat.
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