EchoStar Corp - Ordinary Shares - Class A

NASDAQ:SATS   1:00:00 PM EDT
17.44
-0.08 (-0.46%)
1:08:37 PM EDT: $17.44 0.00 (0.00%)
Products

Echostar Corp Says On Nov 16, Co's Unit Entered Into Amendment To Contract With Maxar For Jupiter 3 Satellite Program

Published: 11/22/2022 22:47 GMT
EchoStar Corp - Ordinary Shares - Class A (SATS) - Echostar Corp - on Nov 16, Co's Unit Entered Into Amendment to Contract With Maxar for the Jupiter 3 Satellite Program.
Echostar - Amendment Provides Relief to Co on Future Payments Under Contract, Including About $14 Million in Payments Through Orbit-raising.
Echostar - Co's Unit Will Provide Maxar With Products And/or Services During 2023 for Payments That Deliver a Margin to Co's Unit of at Least $30 Million.
Echostar - Amendment Provides for the Co's Unit's Right to Terminate Beginning January 1, 2024.
Echostar - Based on the Current Delivery Schedule From Maxar, Expects Launch of Satellite to Be in the First Half of 2023.