Market Overview

Sea Launch, EchoStar Reach Preliminary Agreement for Launch Services

EchoStar Satellite Services, a
wholly owned subsidiary of EchoStar Corp. (NASDAQ: SATS), have
announced that Sea Launch has been identified as the intended
launch services provider for the launch of a satellite from the
ocean-based Odyssey launch platform in 2015.Sea Launch's powerful Zenit-3SL vehicle is ideally suited for
launching heavyweight-class spacecraft, with multiple restart
capability and heavy-lift performance.  Sea Launch's history
with EchoStar dates back to 2003. Most recently it launched the
EchoStar XI satellite.Sergey Gugkaev, chief executive officer of Sea Launch,
said, "Sea Launch welcomes the opportunity to support EchoStar's
launch requirement in 2015."  Kjell Karlsen, president of Sea
Launch, added, "We are pleased to extend our relationship with
EchoStar and we look forward to providing the required flexibility,
performance and diversity of supply necessary to support their
business plan.""This preliminary agreement with Sea Launch provides EchoStar
with the flexibility we require to accommodate our launch
requirements as we undertake the expansion of our North American
fleet," said Anders Johnson, president of EchoStar Satellite
Services. "We have been pleased with Sea Launch's performance on
past missions and look forward to continued success."
About EchoStar Corporation
EchoStar Corporation

See full press release

Posted-In: News Guidance Contracts Management Global

 

Related Articles (SATS)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters