Spacecom Secures Nearly $300M in Financing for Amos-6

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PARIS — Satellite fleet operator Spacecom of Israel on Nov. 10 said it had secured $293 million in loans for its future Amos-6 satellite from the Canadian and U.S. export-credit agencies, and from Amos-6 prime contractor Israel Aerospace Industries (IAI).

Tel Aviv-based Spacecom selected IAI as prime contractor, but Canada’s MDA Corp. is providing the electronics payload of up to 80 Ku- and Ka-band transponders, and Space Exploration Technologies Corp. of the United States is providing the launch, in 2015, aboard a Falcon 9 rocket.

Spacecom said the finance package covers the satellite’s construction, launch, insurance and financing costs and includes up to $140 million from Export Development Canada, up to $106 million from the U.S. Export-Import Bank, and up to $47 million from IAI.

Amos-6 will operate at 4 degrees west, where Spacecom’s Amos-2 and Amos-3 are located. 

 

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