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Sirius XM Holdings Inc. Message Board

  • mturner_71 mturner_71 Oct 13, 2006 11:21 AM Flag

    Powerful Satellite

    In June 2006, we entered into an agreement with Space Systems/Loral for the design and construction of a new satellite that will be one of the most advanced and powerful communications satellites ever built. Construction of the satellite is expected to be completed in the fourth quarter of 2008. The satellite will be launched on a Proton rocket acquired by us under a previously announced launch contract. The aggregate cost of designing, building and launching the satellite and insuring its launch will be approximately $260,000.

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