Israel Aerospace Industries has been instructed to pay Spacecom US$10 million for the late delivery of a satellite that was ultimately destroyed.
Spacecom has signed a contract with AsiaSat to provide new capacity at 4 degrees West.
Spacecom has told the Tel Aviv Stock Exchange that it will receive a cheque for $196 million from Israel Aerospace Industries (IAI), as an insurance payment on its lost Amos 6 satellite.
The proposed $285 million sale of Spacecom to the Chinese-backed Luxembourg Space Telecommunications (Xinwei) is in doubt following last week’s explosion of SpaceX’s Falcon 9 rocket on the launch pad.
Spacecom has announced that its new Amos-6 satellite will launch in May 2016.