Skip to main content

Boeing Gets Big Satellite Order

The deal could be worth up to $1 billion, according to a report.
  • Author:
  • Publish date:


(BA) - Get Boeing Company Report

and privately held firm Mobile Satellite Ventures received a commercial contract for three satellites and associated ground systems.

Financial details weren't disclosed, but Boeing said the order was the biggest commercial satellite deal it's booked since 1997, when it received an order for two large satellites for regional mobile communications from an international customer.

TheStreet Recommends


Associated Press

reported that the contract is worth $500 million to $1 billion, citing Mobile Satellite Chief Executive Alexander Good. Boeing said the satellites will be part of a mobile-communications network covering North and South America, the Caribbean and Hawaii.

Separately, Boeing said it signed a formal order to sell 68 airplanes to Air India. The order, placed with Boeing in December, is valued at more than $11 billion at list prices. Deliveries are scheduled to begin in November.

Air India's order consists of 23 Boeing 777s, 27 of its 787-8 Dreamliners and 18 of the company's 737-800s.