JSAT CORPORATION AWARDS LOCKHEED MARTIN CONTRACT FOR THIRD A2100 SATELLITE
NEWTOWN, Pa, October 3rd, 2005 -- Lockheed Martin [NYSE: LMT] has been awarded a contract by JSAT Corporation (JSAT) of Japan to build its next geostationary telecommunications satellite, designated JCSAT-11. JCSAT-11 will be reserved entirely in orbit as a back up satellite for other JCSAT satellites following its scheduled launch in 2007. Financial terms were not disclosed.
"We are extremely pleased to be awarded JCSAT-11, the third consecutive satellite order that JSAT has contracted to Lockheed Martin in the last two years,” said Ted Gavrilis, President of Lockheed Martin Commercial Space Systems (LMCSS). “JSAT is a world-class operator and a highly valued business partner. We truly appreciate the strong relationship we have developed with JSAT and once again look forward to delivering an outstanding product on schedule to meet JSAT’s business requirements.”
Based on Lockheed Martin’s award-winning A2100AX platform, JCSAT-11 will be a hybrid satellite featuring Ku-band high-power and C-band medium power transponders. LMCSS is currently building JCSAT-9 and JCSAT-10, both based on the A2100AX satellite platform. JCSAT-9 and JCSAT-10 will serve Asia and Japan following planned launches in 2006.
JCSAT-11 is the fourth satellite award for Lockheed Martin this year based on signed manufacturing contracts. In January, Nordic Satellite AB (NSAB) awarded Lockheed Martin a contract to build its next geostationary direct broadcast satellite, designated SIRIUS 4. Earlier this year, SES AMERICOM and the Broadcast Satellite System Corporation of Japan awarded Lockheed Martin contracts to build AMC-18 and BSAT-3a respectively, both small-class satellites based on the A2100A platform.
The Lockheed Martin A2100 geosynchronous spacecraft series is designed to meet a wide variety of telecommunications needs including Ka-band broadband and broadcast services, fixed satellite services in C-band and Ku-band, high-power direct broadcast services using the Ku-band frequency spectrum and mobile satellite services using UHF, L-band, and S-band payloads. The A2100's modular design features a reduction in parts, simplified construction, increased on-orbit reliability and reduced weight and cost.
JSAT is the leading satellite operator in the Asia-Pacific region. The company owns and operates nine satellites in eight orbital slots. JSAT's communications satellites are opening up new opportunities with applications ranging from SKY Perfec TV! digital broadcasting services to television relays, video transmissions to retail outlet, and nationwide auctions. Implementing its corporate slogan, "JSAT, Creating Satellite Solutions," the company is actively expanding its business throughout the Pacific region. JSAT is listed on the First Section of the Tokyo Stock Exchange. For more information on JSAT, visit the company's web site at www.jsat.net.
Dee Valleras, 215-497-4185; e-mail, email@example.com
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