The Export-Import Bank approved a $343.3 million direct...
The Export-Import Bank approved a $343.3 million direct loan to Hong Kong-based Asia Satellite Telecommunications to finance the purchase of two communications satellites from a California company. The loan will support launch services, supplied by Space Exploration Technologies in Hawthorne,…
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Calif., and launch insurance from New York-based Marsh USA, the bank said in a press release (http://1.usa.gov/1aY2iCl). The satellites are being manufactured by Space Systems/Loral, it said. Ex-Im has authorized $891 million in support of U.S. satellites and related services in this fiscal year alone, the bank said: About 60 percent of all U.S. commercial satellite sales, “over the last three years, have been financed through Ex-Im."