Sirius to delay satellite launch
Tuesday, February 26, 2008 at 11:26 AM
Sirius disclosed today at the investor conference call that the company will delay the launch of their new satellite.
When asked about the status of Sirius' satellite launches, Sirius CFO David Frear said that the company will defer the launch of the Sirius 5 satellite from the fourth quarter of 2008 to the second quarter of 2009.
"There is nothing particularly notable about the delay," Frear said during the call.
"We don't really
need the satellite from an operational perspective until mid-2010, so
just based on the pacing of the program, we have elected to defer the
launch by a few months," he added.
Sirius announced in mid-2006 that they plan to augment their constellation by launching a new geosynchronous satellite. Sirius 5, manufactured by Space Systems/Loral, will have an end-of-life power capability at more than 20 kilowatts and be one of the most powerful ever constructed.
Sirius disclosed today at the investor conference call that the company will delay the launch of their new satellite.When asked about the status of Sirius' satellite launches, Sirius CFO David Frear said that the company will defer the launch of the Sirius 5 satellite from the fourth quarter of 2008 to the second quarter of 2009.
"There is nothing particularly notable about the delay," Frear said during the call.
"We don't really need the satellite from an operational perspective until mid-2010, so just based on the pacing of the program, we have elected to defer the launch by a few months," he added.
Sirius announced in mid-2006 that they plan to augment their constellation by launching a new geosynchronous satellite. Sirius 5, manufactured by Space Systems/Loral, will have an end-of-life power capability at more than 20 kilowatts and be one of the most powerful ever constructed.





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