Wednesday, May 12, 2010

Contract signed for Vietnam’s second satellite

Contract signed for Vietnam’s second satellite
(VOV News) May 12, 2010
The Vietnam Post and Telecommunications Group (VNPT) and the US aeronautical manufacturer - Lockheed Martin Corporation, signed a contract in Hanoi on May 11 to build and launch Vietnam’s second telecom satellite, Vinasat-2. Accordingly, Lockheed Martin will build the satellite and launch it into orbit within 24 months from the date of the contract. With the launch of the US$250 million Vinasat-1in April 2008, Vietnam became the 93rd country in the world and the sixth within the region to have its own satellite in orbit, according to VNPT. So far Vinasat-1 has leased out 80 percent of its capacity and is expected to operate at full capacity by 2011.

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