Astrium-led group wins Skynet 5 contract
Posted: Wed, Feb 27, 2002, 7:35 AM ET (1235 GMT)
A consortium led by Astrium won a contract Tuesday to build the next generation of military communications satellites for the UK. Paradigm, a joint venture led by Astrium and BAE Systems, won the contract to build and operate the new Skynet system that will provide communications for the UK Ministry of Defence, with additional commercial uses. The 20-year deal is valued at £2 billion ($US 2.8 billion), and will be funded by a private finance initiative, where industry pays for and owns the satellites, and the government and other customers pay only for services. Other members of the consortium include Cable and Wireless, TRW, and General Dynamics Decision Systems. Paradigm beat out a second joint venture, Rosetta, that also included BAE Systems, as well as BT Group and Lockheed Martin.
A consortium led by Astrium won a contract Tuesday to build the next generation of military communications satellites for the UK. Paradigm, a joint venture led by Astrium and BAE Systems, won the contract to build and operate the new Skynet system that will provide communications for the UK Ministry of Defence, with additional commercial uses. The 20-year deal is valued at £2 billion ($US 2.8 billion), and will be funded by a private finance initiative, where industry pays for and owns the satellites, and the government and other customers pay only for services. Other members of the consortium include Cable and Wireless, TRW, and General Dynamics Decision Systems. Paradigm beat out a second joint venture, Rosetta, that also included BAE Systems, as well as BT Group and Lockheed Martin.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
|
|
news links
|
|
Friday, October 24
Cedar Park OKs $1 million in incentives to support Firefly Aerospace expansion, 300 new jobs
Austin (TX) American-Statesman — 7:45 am ET (1145 GMT) Defense giants Airbus, Thales and Leonardo announce space merger to rival Elon Musk’s Starlink
CNBC — 7:45 am ET (1145 GMT) Experts: US Needs Whole-of-Government Approach to Match China in Cislunar
Air and Space Forces Magazine — 7:42 am ET (1142 GMT) European defence giants strike satellite alliance to challenge Musk’s SpaceX
The Daily Telegraph — 7:41 am ET (1141 GMT) Debrief: Competition Intensifies Between China’s SpaceX Challengers
Aviation Week — 7:41 am ET (1141 GMT) |
