SES, Luxembourg to Launch Military Satellite in 2017

Satellite operator SES and the Luxembourg government agreed to operate an X- and Ka-band military satellite through a joint Luxembourg-based company, SES said in a news release Tuesday. SES plans to launch the satellite in late 2017, it said. It will cover Europe, the Middle East, Africa and the Asia-Pacific region. SES and the Luxembourg government will invest about 50 million euros ($58 million) each into the company. The joint company will receive a bank loan of about 125 million euros from Luxembourg banks.