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

To: Jeff Vayda who wrote (7010)	11/17/1999 8:41:00 AM
From: Jeff Vayda	Read Replies (2) \| Respond to of 10852

Looks like they had some spare parts around, quick build? China sat 8 cannibalization? They mention a 2004 NET launch date, wonder if they would go with another launch provider. Jeff Vayda 11/17/1999 Article:143914 Japan plans to buy another MTSAT by March; SS/L likely contractor TOKYO - Japan's National Space Development Agency (NASDA) says it will buy a replacement satellite by March 2000 for the Multi-functional Transport Satellite (MTSAT) lost Monday when controllers had to destroy its H-2 launch vehicle. Space Systems/Loral, which built the original satellite, was seen as the most likely candidate to build a replacement. Toshihiro Nikai, Japan's transport minister, said after Monday's failure it was "essential" for aviation safety to replace the lost satellite as quickly as possible (DAILY, Nov. 16). Even on an accelerated schedule, NASDA said it would not be able to launch the new MTSAT before the summer of 2004. The worst accident in Japan's space history has clouded the nation's anticipated position in the international space launch market, and could cost the proposed H-2A rocket some or all of the 20 contracts already signed to launch U.S.-built satellites. NASDA has set up a special investigation committee to probe the failure. Early data point to the first-stage LE-7 engine built by Mitsubishi Heavy Industries. Engine telemetry showed out-of-family temperature and pressure readings shortly before the engine shut down three minutes, 59 seconds after launch, which was 107 seconds early. Controllers separated the first stage after five minutes, 22 seconds of flight and successfully ignited the second stage engine. But range safety officers send a command destruct signal after the vehicle began to deviate from its track and telemetry was lost at seven minutes, 35 seconds after liftoff. The failure cost the Ministry of Transport about 34.4 billion yen (about $325 million), including 10.3 billion yen (about $97 million) for the satellite; 15.4 billion yen (about $146 million) for the launch vehicle, and 8.7 billion yen (about $82 million) for the launch campaign and related expenses. The H-2 was insured, but he satellite was not. Copyright 1999 The McGraw-Hill Companies, Inc.