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New geosynchronous ( GEO ) communications satellite for OverHorizon
Orbital Sciences Corporation ( NYSE:ORB ) announced today that it has signed a contract for a new geosynchronous ( GEO ) communications satellite contract with OverHorizon, with offices in the U.S., Sweden and Cyprus. The spacecraft will be based on Orbital’s industry-leading STARTM 2 satellite platform and will carry an on-board processing payload provided by Thales Alenia Space. Both Orbital and Thales Alenia Space will share in the contract responsibilities as co-prime partners. The satellite will be delivered in early 2012. Financial terms of the contract were not disclosed.
The order from OverHorizon extends Orbital’s industry-leading market share in smaller-sized GEO satellites. With the OverHorizons contract, Orbital has received orders for a total of 30 GEO communications from customers around the world since 2001. Including the OverHorizons spacecraft, Orbital currently has ten GEO satellites in various stages of design, manufacturing, testing and pre-launch preparations, and has options for three additional satellites that could be exercised in the future.