Lockheed Loses ‘Iridium Next’ Satellite Build To Thales Team

Posted: June 2, 2010 in International Space, Iridium, Iridium Next, Lockheed, Lockheed Martin, Loral, Thales

The essential details of the WSJ article:

  • $2.1 billion to build the 72 satellites including nine spares
  • $800 million to launch (and to do some undefined ground upgrades)
  • Launches envisioned as 2015 to 2017
  • $1.8 billion in loan guarantees from ‘French export-credit agency’
  • Loral considered the margins so thin that they earlier dropped out of the competition
  • About $1.3 billion of Iridium’s current business is tied to the U.S. government
  • Thales is European-based

There will be tearing of garments and gnashing of teeth at Lockheed.


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