Ex-Im Bank Supports $1.2 Billion of Satellite Export Loans
The Export-Import Bank of the U.S. approved two separate transactions totaling more than $1.2 billion to finance the export of American-made telecommunications satellites to Mexico and Australia.
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
- Lockheed Martin Space Systems Co. is exporting a satellite and related equipment to Jabiru Satellite Ltd. in Southbank, Australia, with the backing of a $281 million direct loan from Ex-Im Bank.
- Ex-Im Bank is providing a $922 million loan guarantee to support the export of three satellites and related equipment to the Mexican government for the MEXSAT regional mobile satellite system. Mexico's Secretariat of Communications and Transportation will purchase the satellites from Boeing Space and Intelligence Systems, and will subcontract a third satellite with fixed service satellite (FSS) capacity from Orbital Sciences Corporation in Dulles, Va.