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Technology Stocks : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Scientist who wrote (6892)	10/23/1999 8:42:00 PM
From: Snow Shoe	Respond to of 10852

Saw this over on Raging Bull. Is it anything new? C&W Optus signs A$500 mln satellite deal SYDNEY, Oct 22 (Reuters) - Telecommunications group Cable & Wireless Optus Ltd said on Friday it had executed final agreements with the Australian Defence Department for the launch of its C1 satellite, valued at A$500 million. The deal follows earlier conditional agreements with suppliers Arianespace, Mitsubishi Electric Co and Space Systems Loral (SSL) for the design, construction and launch of the satellite. Half of the capacity on the new satellite has been bought by Australia's Defence Department, while the remainder will be used by C&W Optus, which will own the satellite. C1, due to be launched in 2002, will complement the company's existing four satellites, two of which provide pay-television services to Australia and New Zealand while the others are used for back-up. The existing B3 satellite also provides broadcasting and data services to Australia. A C&W Optus spokesman said C1 would provide for an increase in data traffic and ensure the carrier had sufficient capacity for future growth.

To: Rocket Scientist who wrote (6892)	10/24/1999 4:48:00 PM
From: djane	Read Replies (1) \| Respond to of 10852

Loral and MELCO to Build High-Powered Satellite for Cable & Wireless Optus Saturday October 23, 8:00 pm Eastern Time Company Press Release NEW YORK--(BUSINESS WIRE)--Oct. 23, 1999--Space Systems/Loral (SS/L), a subsidiary of Loral Space & Communications (NYSE:LOR - news), today announced that the company, as system associate contractor with Mitsubishi Electric Corporation (MELCO), has been awarded a contract to build a high-powered communications satellite for Cable & Wireless Optus of Australia and the Australian Department of Defence. The satellite, Optus C1, is a third-generation system designed to replace an existing spacecraft in the Optus communications constellation, and to provide additional, enhanced capabilities when it is launched in 2002. Cable & Wireless Optus, a major Australian telephone and communications company, will use Optus C1 to provide distribution for video, direct-to-home TV, and telephony and Internet connections to remote areas. The area of fixed satellite services coverage includes Australia, New Zealand, and Asia. Optus C1 will also provide communications services for the Australian Defence Forces. To provide these services, Optus C1, a high-powered model in SS/L's 1300 geostationary satellite bus family, will carry 18 antennas and four payloads: a Ku-band payload for the commercial mission, and UHF, X-, and Ka-band payloads for the defense tasks. Total power on the satellite, designed to operate for 15 years, will be approximately 11kW at end of life. Optus C1 will have a launch mass of nearly five metric tons. SS/L is responsible for the overall system design, and the design of the satellite bus and will assemble, integrate, and test the satellite. As prime contractor, MELCO will be responsible for the design, manufacture, and test of the payload. ``MELCO and SS/L have an excellent working relationship developed over a span of more than 27 years, beginning with the CS1 satellite, built for Japan's National Space Development Agency, the equivalent of our NASA,' said Dr. John M. Klineberg, president of SS/L. ``We look forward to the productive continuation of our long-standing affiliation.' MELCO and SS/L have cooperated on programs such as: Intelsat 5, 5A, 7/7A, Agila 2, EchoStar, PanAmSat 7 and 8, and Tempo. According to Dr. Klineberg, the Optus C1, one of the most complex commercial communications satellite projects to date, represents a pioneering example of cooperation on a spacecraft intended for joint commercial-defense use. Space Systems/Loral, headquartered in Palo Alto, is a leading designer, manufacturer, and systems integrator of both geostationary (GEO) and low-earth orbit (LEO) satellites, with more than 40 spacecraft currently in backlog. The company is the prime contractor for the Globalstar constellation of global telephony LEO satellites. Its GEO communications satellites include direct-broadcast, multi-media, broadband, and digital audio radio spacecraft; it also builds environmental science, weather- watch, and air traffic control satellites. SS/L is ISO 9001 certified. For more information, visit Space Systems/Loral's web site at ssloral.com Loral Space & Communications is a high technology company that primarily concentrates on satellite manufacturing and satellite-based services, including broadcast transponder leasing and value-added services, domestic and international corporate data networks, global wireless telephony, broadband data transmission and content services, Internet services, and international direct-to-home satellite services. For more information, visit Loral's web site at www.loral.com. Contact: Loral Space & Communications Jeanette Clonan, 212/338-5658 More Quotes and News: Loral Space & Communications Ltd (NYSE:LOR - news) Related News Categories: aerospace/defense, computers, government, telecom Help Copyright 1994-1999 Yahoo! All Rights Reserved.