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[Satellite TODAY 12-18-09] Orbcomm received a $44.2 million insurance settlement related to its Quick Launch satellite program, which failed after launch in June 2008, the company announced Dec. 17.
Orbcomm initially filed for a $50 million insurance claim in November for the six Quick Launch satellites. The group of spacecraft, manufactured by OHB, included a U.S. Coast Guard demonstration satellite. Since launch, communications capability for three of the quick-launch satellites and the Coast Guard satellite have been lost.
In its claim, Orbcomm said it believes that all of the satellites eventually will fail and that the company will be unable to recover them.
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