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Israeli gov't to buy satellite from IAI
Spacecom Satellite Communications Ltd. (TASE:SCC) notified the Tel Aviv Stock Exchange this morning that it had learned from a government source that the State of Israel intends to buy a new communications satellite from Israel Aerospace Industries (IAI). The new satellite will be positioned at 4°W, in accordance with the state's needs. This represents a serious blow to Spacecom, after it announced a month ago that it would buy its planned Amos 8 satellite from US company Loral, and not from IAI,Globes reports.
