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.
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.
September 14, 2000 |
Lockheed Martin Corp. agreed to sell about a third of its stake in a marine satellite venture to Norway's Telenor to defray costs at its satellite telecommunications business. Lockheed expects to receive $100 million from the sale of the stake in Inmarsat Ventures Ltd. Lockheed's ownership of the venture will drop to 14% from about 22%, a spokesman said. The stake of Telenor, Norway's largest telephone company, will rise to 15% from 6.8%.