Intelsat spends $1bn+ on new satellites

Satellite giant Intelsat is buying 4 more Boeing high-throughput HS702 satellites. These 4 Intelsat ‘Epic’ craft will each cost more than $250 million to build, launch and insure.

The surprise order is one of the largest ever placed for satellites, and is in addition to a similar 4-satellite order placed in 2009 with the first of that series likely to be launched during 2015.

The new order will see Intelsat launching at least one of these new ‘Epic’ craft launched each year from 2015. The plan is to replace and improve capacity from Intelsat’s older craft.

Boeing says that the order secures Boeing’s “exclusive technology” to Intelsat.

Financial terms were not revealed.

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