On the 13th of March, Adrian Ballintine, CEO of NewSat signed a launch services contract for the Jabiru-1 satellite with Jean-Yves Le Gall, CEO of Arianespace.
In another major step forward for NewSat as a company, Jabiru-1 will be launched into Geostationary transfer orbit by an Ariane 5 launch vehicle from the Guiana Space Centre in French Guiana during the final quarter of 2014.
NewSat currently has an agreement with Lockheed Martin to produce the Ka-Band satellite using their A2100 platform. NewSat is currently finalising the credit arrangements for the satellite, and is able to turn to both U.S. and French export credit financing for the deal.
In other recent news, NewSat has entered into a further agreement with AP Kypros Satellite Limited for an additional orbital slot and expanded frequencies in existing slots. The agreement for the eighth orbital slot adds five additional orbital filings and rights to future filings in certain regions as they are made available.
Overall, a very successful few weeks for NewSat!
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