PALO ALTO, CA, July 22, 2014 /PRNewswire/ - Space Systems/Loral (SSL), a leading provider of commercial satellites, today announced that it was one of 14 companies qualified by the U.S. Air Force Space and Missile Systems Center (SMC) to compete for work with U.S. Government agencies to host government payloads on commercial satellites. The SMC awarded SSL two indefinite delivery indefinite quantity (IDIQ) contracts for both geostationary (GEO) and Low Earth Orbit (LEO)/Medium Earth Orbit (MEO) missions that will streamline the contracting process if SSL is selected for future work.
As a leading manufacturer of commercial satellites with 74 GEO satellites currently on orbit, and in partnership with MDA which has a long history of LEO satellite experience, including the RADARSAT Earth observation satellites for the Canadian Space Agency, SSL is well-positioned to help both telecommunications satellite operators and Government agencies benefit from the cost and schedule efficiencies of a shared platform.
SSL has already demonstrated its leadership in working with U.S. Government agencies to integrate payloads onto commercial satellites, such as the U.S. Defense Department's joint capability technology demonstration (JCTD) of an Internet Router In Space (IRIS), which was hosted on a satellite that SSL built for Intelsat.
Currently, SSL is working with NASA Goddard Space Flight Center to place a Laser Communications Relay Demonstration (LCRD), as a hosted payload, on a commercial satellite to be built by SSL and projected for launch in 2017. SSL is working with its commercial customers to identify an appropriate host satellite for the demonstration.
The HoPS IDIQ contract is intended to establish a pool of candidates that can provide rapid and flexible means for the government to acquire commercial hosting capabilities for government payloads. As one of the awardees, SSL will be eligible to compete for commercial Firm-Fixed Price (FFP) studies and future mission delivery orders over the five-year ordering period of the contract, up to a maximum value of $494.5 million.
SSL has a long history of delivering reliable satellites and spacecraft systems for commercial and government customers around the world. As the leading provider of commercial satellites, the company works closely with satellite operators to provide spacecraft for a broad range of services including television and radio distribution, digital audio radio, broadband Internet, mobile communications, and Earth observation. Billions of people around the world depend on SSL satellites every day. For more information, visit www.sslmda.com.
This news release contains forward-looking statements and information, which reflect the current view of Space Systems/Loral (SSL) with respect to future events and financial performance. When used in this news release, the words "believes", "expects", "plans", "may", "will", "would", "could", "should", "anticipates", "estimates", "project", "intend" or "outlook" or other variations of these words or other similar expressions are intended to identify forward-looking statements and information. Actual results may differ materially from the expectations expressed or implied in the forward-looking statements as a result of known and unknown risks and uncertainties. Known risks and uncertainties include but are not limited to: risks associated with operating satellites and providing satellite services, including satellite construction or launch delays, launch failures, in-orbit failures or impaired satellite performance; risks associated with satellite manufacturing, including competition, cyclicality of SSL's end-user markets, contractual risks, creditworthiness of customers, performance of suppliers and management of SSL's factory and personnel; risk associated with financial factors such as volatility in exchange rates, increases in interest rates, restrictions on access to capital, and swings in global financial markets; risks associated with domestic and foreign government regulation, including export controls and economic sanctions; and other risks, including litigation. The foregoing list of important factors is not exhaustive. The information contained in this news release reflects SSL's beliefs, assumptions, intentions, plans and expectations as of the date of this news release. Except as required by law, SSL disclaims any obligation or undertaking to update or revise the information herein.