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Boeing, Mitsubishi Electric Announce Strategic Alliance
Le Bourget - June 20, 2001 Boeing and Mitsubishi Electric (MELCO) officials announce their desire to further broaden the cooperation between the two companies by signing an agreement that includes space-based communications, air traffic management, multimedia, navigation, space and communications services, launch services and space infrastructure markets. In the launch services segment, the agreement includes up to six Boeing Delta launches and names the Boeing Delta team as MELCO's preferred non-Japanese launch service provider. "The success we've had in an extremely competitive market is a testament to the work our team has done to prepare the Delta IV for operation next year," said Gale Schluter, vice president and general manager of Boeing Expendable Launch Systems. The agreement includes one firm Delta IV launch service order, up to five launches options and extends from 2002 to 2007. The new agreement is indicative of the partnerships the Delta IV program has been forging in the global marketplace. "Over the past five years, Boeing has established a great working relationship with MELCO which has been evident in key programs such as Connexion by Boeing, the long term relationship with Boeing Satellite Systems, and other space related activities," said Dr. Hiroshi Kimura, general manager, Space Systems Division of MELCO. "As a result of our partnership, we have been able to enter into this launch service agreement and announce the Delta Launch Services team as our preferred non-Japanese launch service provider." "By bringing an affordable service to our customers, we've been able to develop long term partnerships with many of the world's leading communications companies including MELCO," Schluter said. "And because we've matched our vehicle's capabilities, costs and services to market needs, we are penetrating markets that we have not been able to address in the past." The Delta IV family includes five variants capable of lifting 4,000 kg to 13,000 kg to geostationary transfer orbit. The vehicles are capable of launching single, dual or multiple satellites in either 4-meter or 5-meter payload accommodations. Subject to approval from both companies, the new launch service agreement is expected to be finalized later this year. Community Email This Article Comment On This Article Related Links MELCO Boeing SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express The latest information about the Commercial Satellite Industry
Orbcomm's Equity Financings Complete
Bremen, Germany (SPX) Jan 06, 2006OHB Technology affiliated company Orbcomm has announced that it has completed equity financings totaling over $110 million led by Pacific Corporate Group (PCG), which committed $60 million. New investors, in addition to PCG, include investment firms MH Equity Investors and Torch Hill Capital. |
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