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Next mission to Mars
NASA's next voyage to the Red Planet is introduced by project managers and scientists in this news conference from 1 p.m. EDT on Thursday, July 21. The Mars Reconnaissance Orbiter will launch in August on a mission to provide the sharpest images ever taken of Earth's neighboring planet. (34min 10sec file)

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Atlantis preps
Space shuttle Atlantis is hoisted upright and moved into position for mating with the external fuel tank and solid rocket boosters for the second post-Columbia mission, now scheduled for September. (5min 48sec file)
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Astronauts return
Space shuttle Discovery's seven astronauts arrive at different times on Friday, July 22 at Kennedy Space Center to resume launch preparations.

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Technicians work inside shuttle Discovery's cramp aft compartment to troubleshoot the engine cutoff sensor problem. (2min 22sec file)
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Soyuz moved
Expedition 11 commander Sergei Krikalev and science officer John Phillips undock their Soyuz capsule from the Pirs module at 6:38 a.m. EDT, back 82 feet away, fly sideways for 45 feet and then guide the craft to docking with the Zarya module at 7:08 a.m. (30min 57sec file)
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Shuttle collection
As excitement builds for the first space shuttle launch in over two years, this comprehensive video selection captures the major pre-flight events for Discovery and her seven astronauts.
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PanAmSat buys Europe*Star
Posted: July 23, 2005

PanAmSat announced that it had signed an agreement with Alcatel, the French-based communications leader, for the acquisition of multiple European orbital slots as well as a powerful satellite with a footprint over Europe, the Middle East, Africa and Asia. As a result of this transaction, PanAmSat will substantially strengthen its presence in the European and Middle Eastern marketplaces as well as expand its global reach into key growth regions.

"PanAmSat is the largest distributor of television signals in the world and the number-one provider of HDTV channels in the U.S. but we wanted to increase our coverage in Europe. With the acquisition of Europe*Star, we can now provide our customers with more effective access and expanded services to and from the European marketplace. We also obtain critical new capacity in the Middle East and Africa, two of the fastest growing markets in the world as well as gain an entirely new customer base in that region," said Joe Wright, CEO of PanAmSat.

"In addition, we have continually stated that there are growth opportunities in our industry that provide greater value than simply launching new satellites‹this is one of them. The acquisition of these strategic orbital locations coupled with the purchase of an in-orbit satellite with an established customer base is an opportunity that is very strategic and accretive. Capital-efficient, sustainable growth is what we're after and this transaction, along with others such as the recently announced joint venture with JSAT, gives us just exactly that."

The new PAS-12 satellite, formerly known as Europe*Star 1, will enable PanAmSat to provide a broad range of enhanced services to European customers for program distribution, broadcast contribution and enterprise networking. These potential applications include new offerings in Direct-To-Home (DTH) and high-definition television (HDTV), On-Demand satellite services, Digital Satellite News Gathering, as well as support of government satellite communications applications in Europe, South Africa, the Middle East, India and South East Asia.

Under the terms of the agreement, PanAmSat gains the right to the 45 degrees east longitude orbital slot as well as the 47.5 degrees east longitude position. Ownership of these two orbital positions significantly expands the Company's global reach enabling access to new markets in Europe as well as Saudi Arabia and other parts of the Middle East, Africa and Asia. The cost of the transaction will come out of available cash on hand and a portion of the price is deferred into 2006. PanAmSat expects that this acquisition will produce approximately $12M to $15M of incremental adjusted EBITDA on an annualized basis over the near term. This equates to approximately $0.07 to $0.09 per share of incremental free cash flow and demonstrates the Company's most recent step in executing its strategy of investing excess cash flow in opportunities that will be accretive to its free cash flow per share.

As part of PanAmSat's innovative growth strategy, the Company also recently entered into an agreement with Japan's JSAT to form a joint venture to launch a new Ku-band satellite at 74 degrees west longitude to satisfy the growing demand in the U.S. market. The joint venture, Horizons-2, includes a high-powered satellite that will support everything from digital video, high-definition television (HDTV) and IP-based content distribution networks to broadband Internet and satellite news gathering services (SNG).

About PanAmSat
Through its owned and operated fleet of 23 satellites, PanAmSat is a leading global provider of video, broadcasting and network distribution and delivery services. It transmits 1,991 television channels worldwide and, as such, is the leading carrier of standard and high-definition signals. In total, the Company's in-orbit fleet is capable of reaching over 98 percent of the world's population through cable television systems, broadcast affiliates, direct-to-home operators, Internet service providers and telecommunications companies. In addition, PanAmSat supports the largest concentration of satellite-based business networks in the U.S., as well as specialized communications services in remote areas throughout the world.