Space Systems/Loral (LORL) Selected to Provide New Satellite to Hughes (HUGH) for High-Speed Internet Access in North America
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Space Systems/Loral (SS/L), a subsidiary of Loral Space & Communications (Nasdaq: LORL) and the world's leading provider of commercial satellites, announced that it has been selected to provide a new satellite to Hughes Network Systems, LLC (Nasdaq: HUGH), the global leader in broadband satellite networks and services. Hughes will operate the new satellite to deliver high-speed Internet access service across North America.
"We are very pleased to add Hughes to our list of valued customers," said John Celli, president and chief operating officer of Space Systems/Loral. "Satellites for broadband communications are playing an important role in making high-speed Internet service available throughout the country. Space Systems/Loral is on the leading edge of manufacturing the high power broadband satellites that enable this type of service."
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