US Ex-Im bank provides loans supporting US construction and launch of ABS satellites

by | Nov 21, 2012 | commercial launch services, Satellites | 0 comments

The US Ex-Im bank has provided two major loans to support a satellite construction and launch deal involving the US space industry,  It has announced that it wll provide a loan of $171.3 million to Asia Broadcast Satellite (ABS) of Hong Kong to complete construction of the communications ABS-2 which is currently being constructed by US/Canadian firm Space Systems/Loral for use in Geostationary Earth Orbit (GEO).

The Ex-Im Bank is also providing a loan of $289.7 million to construct, launch and insure, two smaller ABS spacecraft, ABS-2A and ABS-3A, currently being constructed by Boeing using their new all-electric BSS 702SP design.  This design makes use electric propulsion to transfer the spacecraft to GEO meaning that much less fuel can be carried. As a result the very light spacecraft are able to be launched cost effectively as part of shared launches on SpaceX  Falcon 9 launch vehicles..  

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