Boeing Satellite
Systems Inc. (BSS), the world’s leading satellite manufacturer, has
contracted with the Sea Launch Co. for the launch of two Spaceway(TM)
satellites. BSS is a unit of The Boeing Co. Sea Launch is a
joint venture in which Boeing is a partner.

The satellites are Boeing 702 model spacecraft currently being
manufactured and launched for Hughes. BSS is under contract to launch
the first North American satellite at the end of 2002.

The Spaceway Ka-band satellites will be used in a unique new
global broadband satellite network to provide high-bandwidth and
high-speed communications for broadband and multimedia applications to
North America. The satellites will provide bandwidth on demand and
will operate exclusively in the Ka-band spectrum.

“This contract with Sea Launch is what we call
`delivery-in-orbit,’ meaning BSS delivers the satellites and provides
launch arrangements, followed by extensive in-orbit testing prior to
final customer acceptance. In essence, we provide Hughes Network
Systems with end-to-end support,” said Randy Brinkley, president of

“We have delivered more than 50 satellites to their final orbital
destination under this delivery-in-orbit contracting vehicle. For BSS,
working with the launcher is a normal part of the business. For Hughes
Network Systems, working with us for the manufacture and launch
enables them to focus more on the broadband service offerings, knowing
we have seen about 200 spacecraft enter service.”

“We’re pleased to be working with BSS and Sea Launch on the
Spaceway program. The combined expertise of our teams will bring a
unique and powerful technology platform into existence. The launch
contract itself takes us one step closer to realizing the most
advanced and innovative broadband solution ever conceived,” said Mike
Cook, vice president and general manager of Hughes Spaceway.

“Sea Launch is honored to be the launch services provider of
choice for these cutting-edge, broadband satellites,” said Will
Trafton, president of Sea Launch. “This award further confirms the
technical and operational maturity of the Sea Launch system.”

Sea Launch, with five very successful launches to date, is an
international partnership that provides commercial satellite customers
the most direct and cost-effective route to geosynchronous orbit. The
proven Zenit-3SL rocket can lift a heavier spacecraft mass or loft a
payload to a higher perigee. With the advantage of an equatorial
launch site in the open waters of the Pacific Ocean, Sea Launch offers
high performance, outstanding insertion accuracy and best value.

About Hughes Network Systems

A leading global provider of broadband communications, HNS has
delivered communications solutions to enterprises for nearly 30 years.
HNS provides products and services that support a growing suite of
broadband applications in over 85 countries worldwide. With
headquarters in Germantown, Md., near Washington, D.C., the company
has sales and support offices around the globe.

HNS is a unit of Hughes Electronics Corp., the world’s leading
provider of digital television entertainment, satellite services and
satellite-based private business networks. The earnings of Hughes
Electronics, a unit of General Motors Corp., are used to calculate the
earnings per share attributable to the General Motors Class H common
stock. For additional information, visit the HNS Web site

Spaceway(TM) is a registered trademark of Hughes Electronics

About Boeing Satellite Systems

BSS is the world’s leading manufacturer of communications
satellites and a major provider of space systems, satellites and
payloads for national defense, science and environmental applications.
The company was formed in October 2000 when Boeing acquired the Hughes
Electronics satellite manufacturing companies, which included Hughes
Space and Communications Co., Hughes Electron Dynamics, Spectrolab
Inc. and Hughes Electronics’ 50 percent share of HRL Laboratories.

The Boeing Co., with headquarters in Seattle, is the largest
aerospace company in the world and the United States’ leading
exporter. It is the world’s largest manufacturer of commercial
jetliners and military aircraft, and the largest NASA contractor. The
company’s capabilities in aerospace also include rotorcraft,
electronic and defense systems, missiles, rocket engines, launch
vehicles, and advanced information and communication systems.

The company has an extensive global reach with customers in 145
countries and manufacturing operations throughout the United States,
Canada and Australia.

About Sea Launch

Sea Launch Co. LLC is a global launch service serving a global
marketplace. With headquarters in Long Beach, Calif., and operations
based at Sea Launch Home Port in Long Beach Harbor, the multinational
partnership provides commercial satellite customers the most direct
and cost-effective route to geosynchronous orbit.

With the advantage of a launch site on the Equator, the proven
Zenit-3SL rocket can lift a heavier spacecraft mass or loft a payload
into a higher perigee, offering maximum lift capacity for increased
payload mass or extended spacecraft life.

Additional information is available at