The satellite also known as EchoStar XXIV is
expected to launch in the first half of 2023
GERMANTOWN, Md., Nov. 22,
2022 /PRNewswire/ -- EchoStar Corporation (Nasdaq:
SATS) today announced an amended agreement with Maxar Technologies
(NYSE:MAXR) (TSX:MAXR) for production of the EchoStar XXIV
satellite, also known as JUPITER™ 3. The satellite, designed for
EchoStar's Hughes Network Systems division, is under production at
Maxar's facility in Palo Alto, CA.
The amended agreement compensates EchoStar for past production
delays by providing relief on future payments and expands
EchoStar's recourse in the event of any further delays. The
satellite is currently planned to launch in the first half of
2023.
"Launching and bringing the Hughes JUPITER 3 satellite into
service is our highest priority to meet our customers' needs for
connectivity," said Hamid Akhavan,
CEO, EchoStar. "This agreement ensures that Maxar shares that
priority with us and reinforces our joint commitment to complete
production of the satellite to world-class standards, as
expeditiously as possible."
"We look forward to continuing our strong collaboration with
EchoStar to complete construction of the JUPITER 3 satellite in
line with the current schedule," said Daniel Jablonsky, President and CEO, Maxar.
"This agreement underscores Maxar's state-of-the-art manufacturing
capabilities as we enter into the final phases of construction of
this ground-breaking spacecraft."
Once in service, JUPITER 3 will deliver over 500 Gbps of
high-throughput satellite capacity, doubling the size of the Hughes
JUPITER fleet over North and South
America. The satellite will bring ample capacity to grow the
company's flagship satellite internet service,
HughesNet®, and help meet consumer, aeronautical and
enterprise demand for more bandwidth and higher speeds.
The satellite is now undergoing final integration in preparation
for dynamics testing. Remaining work on the satellite consists of
the launch dynamics test, final spacecraft performance tests and
shipment to the launch base.
About EchoStar
EchoStar Corporation (NASDAQ: SATS) is a premier global provider
of satellite communication solutions. Headquartered in Englewood, Colo., and conducting business
around the globe, EchoStar is a pioneer in secure communications
technologies through its Hughes Network Systems and EchoStar
Satellite Services business segments. For more information, visit
www.echostar.com. Follow @EchoStar on Twitter.
About Hughes Network
Systems
Hughes Network Systems, LLC (HUGHES), an innovator in satellite
and multi-transport technologies and networks for 50 years,
provides broadband equipment and services; managed services
featuring smart, software-defined networking; and end-to-end
network operation for millions of consumers, businesses,
governments and communities worldwide. The Hughes flagship Internet
service, HughesNet®, connects millions of subscribers
across the Americas, and the Hughes JUPITER™ System powers internet
access for tens of millions more worldwide. Hughes supplies more
than half the global satellite terminal market to leading satellite
operators, in-flight service providers, mobile network operators
and military customers. A managed network services provider, Hughes
supports nearly 500,000 enterprise sites with its HughesON™
portfolio of wired and wireless solutions. Headquartered in
Germantown, Maryland, USA, Hughes
is owned by EchoStar. To learn more, visit www.hughes.com or follow
HughesConnects on Twitter and LinkedIn.
About Maxar
Maxar Technologies (NYSE:MAXR) (TSX:MAXR) is a provider of
comprehensive space solutions and secure, precise, geospatial
intelligence. We deliver disruptive value to government and
commercial customers to help them monitor, understand and navigate
our changing planet; deliver global broadband communications; and
explore and advance the use of space. Our unique approach combines
decades of deep mission understanding and a proven commercial and
defense foundation to deploy solutions and deliver insights with
unrivaled speed, scale and cost effectiveness. Maxar's 4,400 team
members in over 20 global locations are inspired to harness the
potential of space to help our customers both create a better
world. Maxar trades on the New York Stock Exchange and Toronto
Stock Exchange as MAXR. For more information, visit
www.maxar.com.
©2022 Hughes Network Systems, LLC, an EchoStar company. Hughes
and HughesNet are registered trademarks and JUPITER is a trademark
of Hughes Network Systems, LLC.
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SOURCE EchoStar Corporation
