Spacecom reached a deal with the satellite's manufacturer, Russian Information Satellite Systems (ISI), over fines for the late delivery to deduct $13.5 million from the Amos 5's $200 million cost.
The Amos 5 was finally launched in mid-December after lengthy delays. The Amos 5 has a lifespan is 15 years, meaning Spacecom has also reserved this spot for the satellite that will replace Amos 5. Amos 5 will cover Africa, the Middle East, and Europe, and is Spacecom's first satellite that was not built by Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1), a former Spacecom shareholder.
You comment was recieved and soon will be published.
Thank you for posting your comment, which will be reviewed for publication.
Load more comments