EchoStar, Arianespace Do a Satellite Deal

EVRY, France, and ENGLEWOOD, Colo. -- EchoStar Corp. (NASDAQ: SATS) and Arianespace, SA, have reached an agreement to launch multiple new satellites over a multi-year period from Europe’s spaceport in French Guiana. The new contract will provide EchoStar with launch capacity and flexibility for its industry-leading satellite program.

"In July, EchoStar’s wholly owned subsidiary, Hughes completed the successful launch of EchoStar XVII with Arianespace, giving us confidence in Arianespace’s ability to execute on future launches," said Anders Johnson, president of EchoStar Satellite Services. “The Ariane 5 vehicle has been a reliable, flight-proven launch system. We look forward to relying on Ariane 5 to deliver on-time success in the execution of our near term expansion programs."

EchoStar Corp. LLC (Nasdaq: SATS)