Satellite Launcher Signs Deal.
Long Beach-based Sea Launch announced it has signed a contract to
launch two communications satellites for Hughes Electronics Corp.'s
Spaceway unit in a deal with Boeing Co., which also is building the
orbiters.
Boeing, which bought Hughes' satellite-making arm for $3.85
billion last year, owns 40 percent of Sea Launch, an international
consortium that runs a floating satellite launch platform near the
equator.
Financial terms of the deal were not disclosed.
Sea Launch has completed five successful missions to date.
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