Posted: Sun, Nov 15, 2020, 12:18 PM ET (1718 GMT)
APT Satellite is buying a new communications satellite from China Great Wall Industry Corporation (CGWIC). The Apstar-6E spacecraft will be based on the new DFH-3E small GEO platform developed by the China Academy of Space Technology. It is scheduled to launch in 2023 to provide services in the Asia-Pacific region. APT and CGWIC will enter into a joint venture to develop the satellite, with an estimated cost, including launch and other services, of $137.6 million.

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