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MSV Meets FCC Satellite Construction Milestone; Reduces Bond Amount

By | July 5, 2007

      Mobile Satellite Ventures passed a critical design review milestone for its MSV-1 satellite that had been set by the International Bureau of the U.S. Federal Communications Commission (FCC), the company announced.

      The approval means that MSV may reduce its bond amount by $750,000 to $1.5 million, MSV said.

      MSV’s  two next-generation satellites, being manufactured by Boeing Co., are scheduled for launch in 2009 and 2010, respectively.

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