Boeing announced plans to build three satellites and ground systems for Mobile Satellite Ventures under a deal worth US$500 million to $1 billion — the most impressive contract win for its commercial satellite division in nearly a decade.The huge price tag — the largest for satellites since 1997 — could help revive the aerospace giant’s stagnant commercial satellite business. The new equipment will be built at Boeing’s Seal Beach, Calif., facility.The new geo-mobile satellites will enable the first “commercial mobile satellite service using both space and terrestrial elements,” Boeing said. The network will be built on MSV’s Ancillary Terrestrial Component technology, which blends satellite and cellular communications systems.The network will offer voice and data services in North and South America that are “virtually identical” to cell-phone handsets in price and service, according to the companies. The satellites will launch in 2009 and 2010.”Boeing’s 40-year heritage in the satellite industry and vast experience in the mobile-satellite arena will prove invaluable in the construction of our next-generation satellites,” said Alexander Good, vice chairman and CEO of MSV.The network is aimed at expanding connectivity to “the most remote regions of North and South America,” Good said, with added benefits for public-safety agencies and… Read full this story
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