|
|
|
|
|
Settlement reached between Loral and ChinaSat LORAL NEWS RELEASE Posted: February 23, 2005 Loral Space & Communications announced today that it has reached a settlement with China Telecommunications Broadcast Satellite Corporation (ChinaSat) regarding the Space Systems/Loral-built ChinaSat 8 satellite and its launch. Beneficial to both parties, this settlement amicably resolves all outstanding differences between the company and ChinaSat. Under the terms of the settlement, which is subject to bankruptcy court approval, Space Systems/Loral (SS/L) will continue to seek the required State Department approvals to export the satellite and agrees to assume its contract with ChinaSat, as amended to reflect the terms of the settlement. Further, SS/L has no obligation to deliver the ChinaSat 8 satellite until all required export licenses are received. Also pursuant to the agreement, ChinaSat will withdraw all claims filed against SS/L and release it from any related liabilities. Furthermore, ChinaSat has the right under the settlement to assign its rights in the satellite contract to a third party under certain circumstances. "We are very pleased with the outcome of our settlement discussions with ChinaSat," stated Bernard L. Schwartz, Loral's chairman and CEO. "This accord resulted from a high degree of cooperation between the parties to arrive at a solution that is favorable to both of us." Based in Beijing, China, ChinaSat is the first satellite company that operates satellites and provides satellite telecommunications and broadcast services in China. Loral Space & Communications is a satellite communications company. Its Space Systems/Loral division is a world-class leader in the design and manufacture of satellites and satellite systems for commercial and government applications including direct-to-home television, broadband communications, wireless telephony, weather monitoring and air traffic management. Through its Loral Skynet division, it owns and operates a fleet of telecommunications satellites used to broadcast video entertainment programming, distribute broadband data, and provide access to Internet services and other value-added communications services. |
|
|
|
|||||||||||||||||||||||||||||||||||||||||
Testing to support the space shuttle return to flight is being performed at NASA's Ames Research Center. This footage shows wind tunnel testing using a shuttle mockup and thermal protection system tests in the arc jet facility. (5min 02sec file)
In this video clip from the archives, a Lockheed Titan 4A rocket blasts off from Cape Canaveral on February 7, 1994 carrying the U.S. Air Force's first Milstar communications satellite. (6min 17sec file)
The mobile service tower is retracted to expose the massive Titan 4A-Centaur rocket during the final hours of the countdown in 1994. Aerial video shot from a helicopter shows the booster standing on its Cape launch pad. (3min 06sec file)
NASA Administrator Sean O'Keefe, in his final press conference appearance, presents the 2006 budget information and answers reporters' questions on Hubble, the exploration plan and shuttle return-to-flight. (86min 37sec file)