Orbcomm Puts Cost of New System at $144 Million

摘要

Satellite two-way messaging service provider Orbcomm expects to pay about $6.3 million for each of the 18 satellites it expects to order in the coming weeks, and to launch them between 2010 and 2012 on three rockets costing $10 million apiece, Orbcomm officials said Dec. 4.Ft. Lee, NJ.-based Orbcomm, whose current constellation of 29 low-orbiting satellites launched in the mid-1990s continues to function, is proceeding with the 18-satellite contract in the coming weeks mainly to reassure its retail distribution partners, Orbcomm Chief Financial Officer Robert Costantini told a UBS investors conference.