REPEAT/Hughes signs contract for H-IIA launches.LOS ANGELES--(BUSINESS WIRE)--Nov. 25, 1996--Hughes Space and Communications International Inc. (HSCI HSCI Harvard Stem Cell Institute HSCI Hughes Space and Communications International, Inc. HSCI Hang Seng Composite Index HSCI High Speed Communication Interface (Cisco) HSCI Honda Siel Cars India HSCI High Speed Cable Interface ) of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , and Rocket System Corp. (RSC RSC Royal Society of Chemistry (UK) RSC Royal Shakespeare Company RSC Responsabilidad Social Corporativa (Spanish: corporate social responsibility) RSC Royal Society of Canada ) of Tokyo, Monday signed a contract for 10 launches on RSC's new H-IIA rocket, plus an undisclosed number of options. "This contract deepens our long-term commitment to support the communications needs of Japan, today and into the 21st century," said Steven D. Dorfman, chairman of Hughes Telecommunications and Space Co., the parent company of HSCI. "For more than 20 years we have teamed with Japanese companies This is a list of companies from Japan. Note that 株式会社 can be (and frequently is) read both kabushiki kaisha and kabushiki gaisha (with or without a hyphen). See that article for more details. to provide a range of services, including weather data to Asia and the Pacific, business communications, and direct-to-home television services. "We view each new contract as a continuation of our partnership with Japan." Financial terms were not disclosed. The 10 launches would take place over a five-year period beginning in the year 2000. HSCI is a unit of Hughes Electronics Corp. RSC is a private company formed with investors from more than 70 Japanese companies to commercially market the H-IIA launch vehicle. The H-IIA is Japan's newest entry into the intermediate-lift launch vehicle market, designed specifically to carry international commercial payloads to geosynchronous Aligned with the earth's rotational speed. Refers to satellites that travel at the same speed as the earth, but may not always be at the same distance from the earth. See geostationary. orbit. The launch vehicles This is a list of space launch vehicles sorted by country/operator in alphabetical order, commercial vehicles are listed under their corresponding country.
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Noting that the terms of the deal are "very competitive," HSCI Chairman Donald L. Cromer said: "The acquisition of these H-IIA vehicles underscores Hughes' commitment to providing our satellite customers with access to space. I'm proud to include the H-IIA among the international selection of launch vehicles with whom we have long-term agreements." The contract was signed by Frank A. Taormina, president of HSCI, and T. Yamada, president of RSC, in a ceremony held at HSCI. "We are honored to sign our first big contract with HSCI as it represents the start of a new era for Japan's space business. We are committed to successful launches with the H-IIA," said Yamada. The launches will be available to any Hughes Electronics business unit and to customers of Hughes Space and Communications Co., the world's largest manufacturer of commercial communications satellites. The earnings of Hughes Electronics are used to calculate the earnings per share attributable to GMH GMH General Motors Holden's (NYSE NYSE See: New York Stock Exchange symbol) common stock. CONTACT: Hughes, Los Angeles Diana Ball, 310/364-6363 |
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