U.S. supports satellite export to Spain

Monday, January 21, 2013

The U.S. Export-Import Bank has authorized an $87.1 million guarantee of a loan extended by Crédit Agricole and other European lenders to Hispasat Canarias S.L.U., a Hispasat S.A. subsidiary based in Madrid, Spain, that will finance the assembly and purchase of a satellite to be manufactured by Orbital Sciences Corp. of Dulles, Va. The guarantee, which is Ex-Im Bank’s third transaction with Hispasat, will support about 600 U.S. jobs, according Commerce and Labor department data. &...

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