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 by Staff Writers Beijing (XNA) Aug 06, 2021
China used a Long March 3B carrier rocket to place a communications satellite in space early on Friday morning. The rocket blasted off at 00:30 am at the Xichang Satellite Launch Center in southwestern China's Sichuan province and then deployed the ChinaSat 2E satellite in its orbit, according to the China Aerospace Science and Technology Corp, the nation's leading space contractor. The State-owned company said the satellite is tasked with transmitting radio, television and wideband internet signals for domestic media organizations. It is designed and built by the China Academy of Space Technology in Beijing, a CASC subsidiary and the country's major spacecraft maker. The launch mark the 76th flight of the Long March 3B, which is scheduled to conduct seven more missions before year's end, and the 383rd of the Long March fleet. The CASC announced at the beginning of the year that it plans to carry out more than 40 launch missions this year. Source: Xinhua News Agency
EXIM approves $80M to support insurance coverage for Hispasat satellite Washington DC (SPX) Jun 23, 2021 The Board of Directors of the Export-Import Bank of the United States (EXIM) unanimously approved $80.7 million in EXIM financing to support launch services by SpaceX and also U.S.-brokered launch and initial in-orbit insurance for Hispasat Canarias S.L.U., a subsidiary of Hispasat, S.A., of Spain. These EXIM-supported services will help Hispasat to deploy a new satellite, Amazonas Nexus. The EXIM financing, which may take the form of a direct loan or a loan guarantee, is estimated to support appr ... read more
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