The Mudcat Café TM
Thread #139639 Message #3204318
Posted By: Q (Frank Staplin)
08-Aug-11 - 09:57 PM
Thread Name: BS: Canucks: Harper in Latin America
Subject: RE: BS: Canucks: Harper in Latin America
Took me a while to figure out the reference to a "Boeing plant" in Mexico. The SATMEX company, which filed in the spring for bankruptcy protection in Delaware, formerly was owned by Hughes, absorbed by Boeing, but now under Loral a. o. ownership. The Mexican government has awarded a $1 billion contract to Boeing Defense to build three satellites- how this will affect SATMEX, who plan to build their no. 8 satellite, no one seems to know. SATMEX bondholders rejected a buyout bid from Echo Star of Colorado.
Where Boeing will build the satellites is known for one; Orbital of Virginia on a farm-out; a possibility for the other two is South Carolina.
All this is digression, unconnected to the Harper trip to Latin America.