March 23, 1998 |
After attempting to shake up the U.S. telecommunications industry in recent years, Congress now wants to take on an equally controversial target: the global commercial satellite industry. Key lawmakers are pushing bills that call for privatizing the powerful international satellite consortiums Intelsat and Inmarsat, hoping that they will slash telephone and video costs for U.S. consumers by nearly $3 billion during the next decade. The effort also aims to break the monopoly held by Comsat Corp.
August 2, 2000 |
The European Union on Tuesday launched fresh attacks on a number of U.S. policies and accused the Americans of hypocrisy in their free-trade posture, especially in technology and telecommunications. In its annual "Report on United States Barriers to Trade and Investment," the EU assailed U.S. barriers to everything from foreign satellites to telephone companies and wheat gluten. It also questioned a new export-subsidy program proposed by the Clinton administration.
August 7, 1996 |
The chairman of the House Commerce Committee on Tuesday called for overhauling the powerful international satellite organizations Intelsat and Inmarsat, saying the government-owned consortiums are relics of 1960s telecommunications policy and impediments to robust competition. Rep. Thomas J. Bliley (R-Va.
August 7, 2010 |
Boeing Co.'s sprawling satellite-making operation in El Segundo got a major lift Friday when it won a contract worth about $600 million to build satellites for British telecommunications giant Inmarsat. The deal to build three communications satellites marks the second big commercial contract in as many years for the company, which has been beset by layoffs amid a dearth of orders. "It's good news for Boeing, which has hit a rough patch in the satellite business in recent years," said Jay Gullish, a space and telecommunications analyst at Futron Corp.
March 16, 2014 |
The possibility that Malaysia Air Flight 370 was hijacked has heartened the relatives of passengers who are holding out hope that the missing plane landed in some remote location, perhaps a tropical island. "My gut feeling is that it landed. I still feel his spirit. I don't feel he is dead," said Sarah Bajc, a 48-year-old American teacher living in Beijing whose partner, Philip Wood, a 50-year-old IBM executive, was a passenger on the flight. A former technology executive, Bajc has been one of the most proactive of the family members, setting up Facebook and Twitter accounts encouraging people to keep looking for the plane.
July 21, 1995 |
Hughes Electronics Corp. said Thursday that it has won the biggest commercial satellite contract in its history, a $1.3-billion pact to build 12 satellites for a global mobile telephone system to be operated by an affiliate of the Inmarsat consortium. The award extends a prosperous year for Hughes' El Segundo-based satellite manufacturing operation, whose order backlog now stands at 41 satellites valued at a record $4.3 billion.