Boeing Says It Could Build High-Throughput communications Satellite For Top Technology Companies

by Benzinga Staff
March 17, 2015 9:38 AM | 1 min read

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

Reuters reported on Monday evening that Boeing Co (NYSE: BA) could finalize arrangements with top technology companies like Google Inc, (NASDAQ: GOOG) (NASDAQ: GOOGL) Facebook Inc, (NASDAQ: FB) Amazon.com Inc (NASDAQ: AMZN) or Apple Inc (NASDAQ: AAPL) to build high-throughput communications satellites.Jim Simpson, Boeing's vice president of business development and chief strategist told Reuters that big technology firms are "keen" on expanding Internet access around the world to help them grow.Speaking to Reuters at the Satellite 2015 conference, Simpson said that "The real key to being able to do these type of things is ultra high-throughput capabilities, where we're looking at providing gigabytes, terrabytes, pedabytes of capability."Without offering specific details about discussions with technology companies, Simpson noted that the challenge ahead is to drive down the cost of satellite communications to be more in line with terrestrial costs. When this materializes, technology firms will have an easier time to justify the expense of building large-scale communication satellites.Mark Spiwak, president of Boeing Satellite Systems International said that demand for geosynchronous Earth orbit (GEO) will remain "steady" at about two dozen a year, but those satellites would need to have greater processing power and larger bandwidth, given rising demand for global connectivity. The executive also noted that Boeing could also build low Earth orbit (LEO) satellites, depending on customer preference.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: NewsBoeing Satellite Systems Internationalgeosynchronous Earth orbitJim Simpsonlow Earth orbitMark SpiwakSatellite 2015 Conference

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.