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Inmarsat Plc Purchases Fourth Inmarsat-5 Satellite

Monday, 7 Oct 2013 06:46am EDT 

Inmarsat Plc announced that it has triggered an option to purchase a fourth Inmarsat-5 satellite, under its existing contract with Boeing Satellite Systems International, Inc. The programme schedule from Boeing has a satellite delivery date of mid-2016. Boeing will immediately begin construction of the fourth Inmarsat-5 satellite. The total cost of the option and certain related expenditure will be between USD220m and USD250m. 

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