Great Britain Buys More SATCOMM Leading To Satellite Investment

Paradigm Secure Communications received a contract extension from the British Ministry of Defense to provide satellite telecommunications services for the Army, RAF and Navy. The contract is now extended past 2020 and has a value of over $6 billion. This further work is allowing Paradigm to invest in a fourth Skynet 5 satellite.

This contract was originally awarded in 2003 and the was structured as a Defense Finance Initiative. This meant that the contractors provided the hardware and Paradigm and Astrium built and launched three Skynet satellites. The U.K. and the U.S. have found that the operations in Afghanistan and Iraq have increased their requirements for satellite communications and Paradigm had already planned for a fourth satellite. The U.S. is planning on awarding a multi-billion dollar contract with commercial providers for their military and other government agency use.

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