NewSat
comes closer to realizing its Jabiru-1 Ka-band satellite project
after securing approximately $108 million in required equity. This
latest influx of funding has brought NewSat up to the $628.2 million
it needs to pull off the launch in mid-2015.
A
hybrid Ku- and Ka-band satellite, Jabiru-1 will be able to reach
customers in South-East Asia, the Middle East, and North Africa.
Construction of the spacecraft has already begun. Lockheed Martin has
finished reviewing the preliminary design. Next up is the critical
design review.
NewSat
has signed 454 million worth of deals for capacity on the Jabiru-1
satellite. And the Australian Company still hase capacity to offer to
a variety of customers such as Pakistani telecommunications
companies, satellite operators, and the U.S. military.
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