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News -
Satellites
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Friday, 23 May 2008 03:55 |
MOSCOW, May 22 (RIA Novosti) - Insurers are expecting losses of $107 million after the Express AM-22, a Russian communications satellite, malfunctioned, the head of a Russian insurance company's international space risk program said Thursday.
"Insurers are expecting an announcement of the total loss of this space apparatus. The Express AM-22 currently has problems with its stabilization system leading to increased fuel consumption. If the satellite is declared a total loss, the insurance claim will be $107 million," Dmitry Medvedchikov of the Russian Insurance Center company said.
Communications and broadcasting satellite Express AM-22, orbited in December 2003 and put into operation in March 2004, was designed to provide a wide range of Internet and communications services, digital data transmission and broadcast TV and radio programs.
More Info: http://en.rian.ru/russia/20080522/108110025.html
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