HISPASAT and Orbital Sign Contract for 2 New Amazonas Satellites

  • 12:00 AM, June 27, 2012
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Group HISPASAT CEO Carlos Espinós and Executive Vice President Mike Larkin of Orbital Sciences Corporation, today signed a contract in Santander, Spain, for the construction of two new satellites, Amazonas 4A and Amazonas 4B. These satellites will be located at orbital position 61º West longitude to enhance the company’s presence in the Americas, where HISPASAT is a leader in the dissemination of content in Spanish and Portuguese. The Amazonas 4A and 4B satellites will allow HISPASAT to meet the growing demand for satellite capacity, mainly for satellite television platforms, in Latin America. This demand is expected to increase even more due to major sporting events taking place in Brazil in the coming years, including the World Cup 2014 and the 2016 Olympics. These two satellites, together with the upcoming launch of the Amazon 3, are examples of HISPASAT’s strong commitment to the Latin American market. Thus, HISPASAT will strengthen its position in the region, characterized by high growth potential for both video and broadband services, and maintain a significant market share. In 2011, 49.1% of HISPASAT’s total capacity leasing income came from the Americas. The Amazonas 4A and 4B satellites, along with those already provided in its Plan for Growth and Expansion, will double HISPASAT’s in-orbit fleet over the next four years. Five satellites are currently in orbit and will soon be joined by the Amazonas 3, the AG1 spacecraft, followed by the two new satellites from Orbital, and the Hispasat 1F. HISPASAT’s total investment will exceed one billion Euros and will provide significant returns for Spanish companies in the aerospace sector.
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