ISRO inks Rs 100cr deal to launch French satellite
Posted on: 10:08 PM IST Apr 03, 2012
Bangalore: Indian Space Research Organisation has signed a deal, believed to be valued at around Rs 100 crore, to launch an 800 kg satellite of ASTRIUM SAS, a Company under EADS, France.
ISRO said in a statement a commercial launch services agreement between Antrix Corporation Limited (ANTRIX), its commercial arm, and ASTRIUM SAS, has been inked but gave no financial details of the deal.
But sources in the Bangalore-headquartered space agency said the contract was worth around Rs 100 crore.
"Under this agreement, an advanced Remote Sensing satellite - SPOT-6 - weighing nearly 800 kg, built by ASTRIUM SAS, will be launched on-board ISRO's Polar Satellite Launch Vehicle, during the second half of 2012", ISRO said.
Along with SPOT 6 satellite, the PSLV, in its "core alone" configuration, will also carry other co-passenger payloads. This launch services deal signed between ANTRIX and ASTRIUM is a part of the long-term agreement signed between the two agencies in September 2008.
In November 2010, under a commercial contract between ANTRIX and ASTRIUM, an advanced communication satellite HYLAS was successfully built by ISRO and ASTRIUM together for a European customer.
"In the coming days, further collaboration possibilities between ANTRIX/ISRO and ASTRIUM would be explored," ISRO added in the statement.