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Spacecom pursuing late delivery claim on failed Amos 6

September 7, 2017 10.05 Europe/London By Julian Clover

Spacecom is demanding $10 million in compensation from Israel Aerospace Industries (IAI) as part of the arbitration process for the late delivery of Amos 6.

The IAI manufacturered satellite was lost in a launchpad incident in September 2016 two days before it was due to take-off from Cape Canaveral from facilities operated by Elon Musk’s Space X.

A major client for satellite capacity was Facebook, which was looking to use Amos 6 to connect parts of Africa to the Internet.

According to Globes, on Monday Spacecom filed a $138 million claim against IAI, alledging that Spacecom suffered damage quantified at $138 million. IAI said that Amos 6 has been insured for $170 million and the sum had been transferred to Spacecom.

The arbitration has been ongoing for the past two months.

In addition to the $10 million in compensation, Spacecom is seeking a further $32 million in compensation from IAI.

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Filed Under: Finance, Newsline Edited: 7 September 2017 21:09

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on X @julianclover, or by email at jclover@broadbandtvnews.com.

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