ARN

NewSat signs $67 million contract for Jabiru satellite capacity

Customer contracts now total $US346 million

Australian satellite company, NewSat (ASX:NWT), has inked a new $US67 million, ten-year contract with a Middle Eastern telecommunications provider for the purchase of Jabiru satellite transmission capacity.

The company’s customer contracts now total $US346 million.

The Ka-band satellite capacity purchased will allow the customer to provide high-speed Internet and data services across a range of high demand regions within the Middle East, Africa and Asia.

Jabiru-1 is NewSat's first geostationary communications satellite that will provide high-powered satellite capacity to high value customers in the military, defence and government markets as well as other enterprise segments such as resources.

“We are seeing more and more demand for Ka-band satellite capacity across for Internet, voice and data services. Ka-band blends perfectly for this market and our new carrier-grade telecommunications customer sees the delivery of their Internet and data services via Ka-band as a major competitive advantage,” NewSat Founder and CEO, Adrian Ballintine, said.

Ballintine stated this follows the announcements of Lockheed Martin Commercial Space Systems to commence the satellite construction immediately and Arianespace to launch the satellite in the second half of 2014.

NewSat has made an initial payment with Lockheed Martin Commercial Space Systems and will continue to make the required milestone payments under the contract.

“Combined with $US279 million of cornerstone customer contracts, NewSat is rapidly transforming into a global satellite operator,” Ballintine added.

For commercial and competitive reasons, NewSat declined to disclose the details of the customer.

Nominations for the 2012 ARN IT Industry Awards open on Tuesday, June 12.

More about: Lockheed Martin
References show all

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
Users posting comments agree to the ARN comments policy.
Login or register to link comments to your user profile, or you may also post a comment without being logged in.
Related Coverage
Related Whitepapers
Latest Stories
Community Comments
Tags: NewSat
rhs_login_lockGet exclusive access to ARN's news, research and invitation only events.
ARN Distributor Directory
Find distributors by name | vendor | location
Channel Deals
/deals/avg/213_avg-internet-security-3-pc-2-year-10-pack-reta
AVG (AU/NZ) Pty Ltd

AVG Internet Security 2012 10 Pack Retail Specials

More details »
ARN Vendor Directory
Find vendors by name | category

iAsset is a channel management ecosystem that automates all major aspects of the entire sales,marketing and service process, including data tracking, integrated learning, knowledge management and product lifecycle management.