Ex-Im Bank underwrites satellite exports to Hong Kong

Regulatory

Tuesday, November 20, 2012

The U.S. Export-Import Bank has authorized two transactions aggregating $461 million to underwrite the export of American-made satellites to Hong Kong. The pair of transactions will support about 3,700 U.S. jobs, according to bank estimates derived from Commerce and Labor department data. Asia Broadcast Satellite (ABS) of Hong Kong will deploy the satellites to upgrade and expand its fleet, which offers coverage to 80 percent of the world’s population and targets emerg...

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