Space Systems/Loral (SS/L), a subsidiary of Loral Space & Communications (NASDAQ: LORL) announced the Company has been selected to provide a new communications satellite, named AsiaSat 5C, to Asia Satellite Telecommunications Company Limited (AsiaSat).
AsiaSat 5C will serve as a backup for AsiaSat 5, which is currently being built by Space Systems/Loral and is scheduled for launch in the third quarter of 2009. AsiaSat 5 will replace AsiaSat 2 at the orbital location of 100.5 degrees East. The spacecraft is based on Space Systems/Loral’s 1300 satellite bus, with performance similar but not limited to that of AsiaSat 5 designed for the provision of fixed satellite services for television broadcast, telephone networks, and VSAT networks for broadband multimedia services across the Asia Pacific.