Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: JMD who wrote (4636)	9/24/1998 6:30:00 AM
From: Thomas	Read Replies (1) \| Respond to of 10852

Interesting, notable absence of BS/Loral signature. . . GMH put its ink on the thing, though: Satellite Companies Fight Export Launch Licensing Switch Commercial and aerospace interests continue to fight a proposal that would transfer licensing of foreign satellite launches from the Commerce Department to the State Department. The Satellite Industry Association, the Aerospace Industries Association and CEOs from seven SIA member companies sent a letter to Sens. Trent Lott and Tom Daschle and Reps. Newt Gingrich and Dick Gephardt urging Congress to reject an amendment to the National Defense Authorization Act. The provision would shift satellite export licensing authority for commercial satellites. The letter urges members of Congress to keep commercial communications satellites on the Commerce Department's Control List rather than transfer them to the State Department's Munitions List. "Commercial communications satellites are not munitions, and categorizing them as munitions would substantially damage the U.S. satellite industry, by creating delays and uncertainties in the export licensing process," the letter states. SIA company executives from American Mobile Satellite Corporation, Boeing Space & Communications, Hughes Electronics, Iridium, Motorola and Orbital Sciences Corporation signed the letter. During a hearing on the amendment, Undersecretary of State John Hollum, Deputy Assistant Secretary of Defense Frank Miller and Under Secretary of Commerce Bill Reinsch agreed that export control authority for commercial satellites should remain under Commerce Department jurisdiction.