Ex-Im Bank Lapse is cause of Orbital ATK Losing Satellite Deal

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Satellite deal failure number three with an American manufacturer has occurred following the lapse of bank authorisation for Import-Export. On 21 September, Ted McFarland, Regional VP of Orbital ATK for Global Communications and Business Development stated that the organisation had secured a contract with Azerbaijan’s national satellite service provider Azercosmos, but the contract had fallen through as a result of inability to secure Ex-Im bank support.

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