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Technology Stocks : Loral Space & Communications
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To: Valueman who wrote (2039)2/24/1998 1:15:00 PM
From: Valueman  Read Replies (1) of 10852
 
Four Years of Failures Cost $2 Billion
Tokyo - February 24, 1998 - Since 1994 Japan's national space program has hit the skids with a mounting toll of failed missions. After two decades of success, problems hit with the ETS-6 satellite in 1994 when it failed to reach geostationary orbit. Then in mid-1997 the Advanced Earth Observation Satellite failed after six months operations. Last November's engineering mission ETS-7 - which Japan had hoped would develop the nation's skills in space robotics and remote docking techniques - also remains in serious doubt with continuing operational problems. Now with the H2 failing to deliver COMETS - a telecom and broadcasting engineering satellite - the bill is reaching $2 billion, when the current price tag of $170 million for each H2 launch is included.
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