Israel-based satellite operator Spacecom says it has been awarded a $10 million (€8.76m) payment from Israel Aerospace Industries (IAI) because of the late delivery of the troubled AMOS-6 satellite.

AMOS-6 was subsequently lost in a catastrophic ground explosion in September 2016 while aboard a SpaceX Falcon 9 rocket.

Spacecom, in a note to the Tel Aviv stock exchange, said the payment was made as a result of arbitration proceedings and because of IAI’s extremely protracted production date which meant AMOS-6 was a year late in being delivered.

IAI is now the contractor for the lost satellite’s replacement, AMOS-8. Spacecom is using a rented satellite (AsiaSat-8) from AsiaSat on a 4-year lease costing $22 million a year.

Other posts by :

1. Xona Space wants 259 LEO satellites
2. 36 major airlines now committed to Starlink
3. Quilty: Top 5 Washington Satellite show takeaways
4. Space Wars: Starlink vs Amazon Leo
5. Eutelsat seeks ISRO deal for launches
6. Virgin Galactic sets prices for space tourists
7. Devas vs Antrix rumbles on
8. Shotwell makes TIME front cover
9. Suitors eye Globalstar

Categories: Articles, DTH/Satellite