Orbimage Responds To NextView Contract Protest

SPACEMART

OrbView-5 will be the world's first commercial satellite to collect .41 meter resolution imagery of the earth's surface from space.

Dulles VA (SPX) Oct 27, 2004
Orbimage Tuesday announced that it has received notice from the National Geospatial-Intelligence Agency ("NGA") that a protest of Orbimage's recent award for the development and launch of a satellite under NGA's NextView Second Vendor Program has been filed before the Government Accountability Office by New SI, a competing bidder under the program.

NGA has directed Orbimage to continue working under the contract awarded during the protest proceeding. Orbimage believes that the protest is lacking in merit, and intends to provide assistance to NGA in defense of the contract award. Orbimage is confident that it will prevail in retaining the project award.

Should Orbimage be directed to stop work on the contract it expects to recover its costs of performance of the contract to date, and, in the event the Government re-bids the award, Orbimage expects to compete successfully in any such re-bid.

SPACEMART

Loral Files Revised Plan Of Reorganization And Disclosure Statement

New York NY (SPX) Oct 26, 2004
Loral Space & Communications last Friday (October 22) filed a revised plan of reorganization (the "Plan") and a Disclosure Statement with the Bankruptcy Court. The company expects to exit chapter 11 under current management in the first-quarter of 2005.