Boeing Strikes Billion-Dollar Satellite Deal with Mexico

Boeing (NYSE: BA) has a deal in place worth an estimated $1 billion with the nation of Mexico to deliver “an end-to-end satellite communications system.”

According to the firm, “the system, known as MEXSAT, will consist of three satellites, two ground sites, associated network operations systems and reference user terminals.”

MEXSAT will provide a boost to civilian communications and provide a secure network for Mexico government communications.

“MEXSAT is the fourth generation of satellites Boeing has provided to Mexico for government and civilian satellite communications, ” said Craig Cooning, chief executive officer of Boeing Satellite Systems International. “MEXSAT builds on Boeing’s 13 years of experience in designing and delivering advanced geomobile systems.”

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