NewSat Bankruptcy is Costly for U.S. Ex-Im Bank

PARIS -- A U.S. bankruptcy court's May 22 decision to allow Lockheed Martin to cancel a satellite construction contract with a near-penniless customer -- startup satellite operator NewSat of Australia -- has handed the U.S. and French export-credit agencies their first satellite industry failure. The post NewSat Bankruptcy is Costly for U.S. Ex-Im Bank appeared first on SpaceNews.com.