This is a deal with a potential scope of about 400 million dollars; It became known that the cooperation between TAA and the American Lockheed Martin concern may amount to more than 700 million dollars
13.8.2003
התעשייה האווירית מציעה לוייטנאם ולברזיל לווייני תקשורת מסדרת עמוס. מדובר בעסקה בעלת היקף פוטנציאלי של כ-400 מיליון דולר. כך נודע אתמול ל"ידיעות אחרונות" בסלון האווירי בפאריז. סמנכ"ל השיווק של תע"א, שמעון אקהאוז, אמר כי "ההצלחה של לוויין עמוס הפועל בחלל ללא תקלה, נותנת לנו עמדה טובה בתחרויות האלה".
In addition, it was learned that the cooperation between the IAA and the American Lockheed Martin concern may amount to more than 700 million dollars. According to the agreement, the two companies will develop a multi-purpose personal weapon system against armor and fortifications. in the US for the US Marine Corps. The demonstration phase is planned to last about 2 months. Success in the demonstration will determine the selection of the winning team.
H.L.L. in negotiations with several customers in Europe to sign capacity contracts for the Amos 2 satellite
5.10.2003
The HLL company is in negotiations with a number of customers in Europe in preparation for the signing of additional contracts that may increase the amount of capacity sold on the Amos 2 satellite by approximately 75%. If these contracts are signed, they may add another $4 million per year. So far About 65% of the capacity was sold, with an estimated annual revenue of about 25 million dollars.
The company believes that within a year from the successful launch of the Amos 2 satellite, the company will obtain contracts for the full capacity of the satellite. The Amos 2 satellite is supposed to be launched on December 18, after its launch date that was expected in June-July of this year was postponed.
It was also learned that H.L. is close to an agreement in principle with the operating banks and Oumi to approve the payment of the interest to bond holders, a payment that was supposed to be paid already on June 30 of this year according to the original terms of the bonds.
The agreement of principles may be presented to the shareholders meeting next week. The interest payment for the debt to the bondholders is estimated at about one million dollars and originates from bonds in the amount of 18 million dollars issued by the company in December 2000.
Leumi and the workers loaned HLL over 100 million dollars, and due to the violation of the financing agreement by HLL they stopped the payment.
The banks claimed that HLL breached its commitment in the financing agreement with them, due to the delay in launching the Amos 2 satellite into space by about six months. At the end of July, the meeting of bondholders of the company decided not to approve the postponement of the interest payment for the bonds.
H.L.L asked the meeting of the bondholders to allow it to postpone the payment of the interest until December 25th, and proposed to the bondholders to pay them, for the late payment, an interest of 11.25%.
Most of the bondholders decided then, as mentioned, to oppose the company's proposal, and the bondholders' trust company handling the matter (Investak Bank's trust company) warned that if the interest payment was not made by the end of July, it would go to court on behalf of the bondholders in order to enforce the debt To the bondholders for immediate repayment. Now the chances of requesting immediate repayment of the debt have decreased greatly.
The Amos 2 satellite was purchased by HL Satellites in September 2000. The agreement with the Aerospace Industry included, among other things, the launch of the satellite, including a contract with the Ariane company for the purpose of carrying out the launch.
In April of this year, Israel Aerospace Industries announced that it had received a message from Ariane, according to which the satellite's launch date may be postponed to the beginning of 2004, and this is due to Ariane's claim that another satellite has priority in launching over the Amos 2 satellite.
