Ericsson signs memorandum of understanding with Lockheed Martin/PT Asia Cellular Satellite System.STOCKHOLM, Sweden--(BUSINESS WIRE)--July 5, 1995--Ericsson has signed a memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. with PT Asia Cellular Satellite System (ACeS) and Lockheed Martin For the former company, see . Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. Corp. for development and deliveries of satellite/terrestrial phones. The agreement for Ericsson has an expected order value of $225 million. Lockheed Martin will supply ACeS with an Asia-wide cellular mobile satellite telecommunications system, with commercial operations scheduled for mid-1998, covering India, Bangladesh, Burma, China, Korea, southern Japan, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Taiwan, Indochina and the Association of South East Asian Nations. Ericsson's 75,000 employees are active in more than 100 countries. Their combined expertise in switching, radio and networking makes Ericsson a world leader in telecommunications. CONTACT: Ericsson, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Kathy Egan or Lars Jonsteg, 212/685-4030 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion