Hispasat gets CAD 250 mln from EDC for satellite purchase

Monday 8 September 2014 | 09:23 CET | News
Export Development Canada (EDC) has announced a loan of up to CAD 250 million to Spanish satellite operator Hispasat. According to EDC the credit line is intended to help Hispasat purchase a new satellite from US-based satellite manufacturer Space Systems/Loral (SSL), a subsidiary of MacDonald Dettwiler and Associates (MDA). EDC said the deal would mean more business for MDA's Canadian supply chain, including high-quality research-and-development work. The satellite, Hispasat 1F, is scheduled for launch in 2016 and will replace Hispasat 1D at 30 degrees West longitude. It has a design life of

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Categories: Broadcast & Satellite
Companies: Export Development Canada / Hispasat / Space Systems/Loral
Countries: World
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