LA PLATA, Maryland —The government of Luxembourg asked its parliament to commit 301 million euros ($350 million) to the GovSat-2 satellite project over 12 years as part of its 50/50 joint venture with SES that for a decade has managed the GovSat-1 satellite.
In addition to the committed amount, the government is proposing a “strategic reserve” of 200 million euros that could be used between 2025 and 2040 if geopolitical or other unforeseen operational needs arise.
The government submitted its proposed GovSat . . .
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