SES outlines Boeing mPower, Thales SES-17 contracts; Lufthansa decision a bad sign for 2020 mobility markets

by Peter B. de Selding

PARIS — Satellite fleet operator SES set aside 652.3 million euros ($730.5 million) in the two years ending Dec. 31, 2019, to cover the future cost of its 7-satellite O3b mPower high-throughput constellation under construction by Boeing Satellite Systems, the company said.

The mPower system was not contract directly between SES and Boeing, but through a financial intermediary that dealt directly with Boeing.

The seven satellites are scheduled to be delivered in 2021 and launched that year aboard two SpaceX Falcon 9 rockets. It . . .

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