In Brief: Sirius to add another satellite by 2008

June 8, 2006

New York's Sirius Satellite Radio will build a new satellite together with Space Systems/Loral, a subsidiary of Loral Space & Communications.

Construction of the satellite is expected to be completed by the fourth quarter of 2008, which will complement Sirius's three existing satellites.

"This investment in next generation space technology will improve Sirius' already exceptional service experience," Mel Karmazin, chief executive of the company, said in a news release. "Not only will this satellite support our other three satellites currently in orbit, but it will also improve reception for all Sirius subscribers whether they are in their car, office, home or jogging in the park."

Total cost of the project, including its launch and insurance, is estimated at $260 million. Loral will be providing a $100 million vendor financing facility.

Rate this story - 5 /5 (1 vote)

rank
1
2
3
4
5

view popular

Other News

Government delays new ban on Internet gambling

Technology / Internet

10 hours ago | 3 / 5 (2) | 0

(AP) -- The Treasury Department and the Federal Reserve are giving U.S. financial institutions an additional six months to comply with regulations designed to ban Internet gambling.

Fujitsu Develops Technology for Low-Temperature Full-Service Direct Formation of Graphene Transistors on Large-Scale Sub

Technology / Semiconductors

10 hours ago | 5 / 5 (5) | 1

Fujitsu Laboratories today announced, as a world first, the development of a novel technology for forming graphene transistors directly on the entire surface of large-scale insulating substrates at low temperatures ...

Teachers begin using cell phones for class lessons

Technology / Hi Tech

6 hours ago | 3 / 5 (1) | 0

(AP) -- Ariana Leonard's high school students shuffled in their seats, eagerly awaiting a cue from their Spanish teacher that the assignment would begin. "Take out your cell phones," she said in Spanish.

Signal fading on radio traffic reports

Technology / Other

8 hours ago | not rated yet | 1

(AP) -- For more than 20 years, Mike Nolan was known to radio listeners as the "eye in the sky." He flew over Southern California freeways in his single-engine plane, reporting on the nation's worst traffic.

Semantic research sets world standards

Technology / Computer Sciences

16 hours ago | 3.3 / 5 (3) | 1

(PhysOrg.com) -- European researchers have created new tools for semantic technology development which are helping to set the next generation of official standards. The tools also unblock some key bottlenecks ...