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Luxembourg to invest $350 million in GovSat-2 satellite operated by JV with SES, plus $233 million as strategic capacity reserve - Space Intel Report
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Luxembourg to invest $350 million in GovSat-2 satellite operated by JV with SES, plus $233 million as strategic capacity reserve - Space Intel Report
LA PLATA, Maryland —The government of Luxembourg asked its parliament to commit 301 million euros ($350 million) to the GovSat-2 satellite project over 12 years as part of its 50/50 joint venture with SES that for a decade has managed the GovSat-1 satellite. In addition to the committed amount, the government is proposing a “strategic reserve” of 200 million euros that could be used between 2025 and 2040 if geopolitical or other unforeseen opera…
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