Jun 15 1986
From The Space Library
The Peoples Republic of China moved to fill the void left by the United States and Europe for commercial space launchings as it negotiated with two U.S. firms. Hughes Aircraft Company expressed an interest in working with China to establish a launch base in the Hawaiian islands. Peking, at the same time, announced an agreement it had made with the U.S. company Teresat, Inc., for putting two of their satellites into orbit in 1987 and 1989 at a price ranging from $20 million to $25 million, about 15 percent less than what Ariane and the Space Shuttle charged. Teresat, however, would first need to locate an insurer for launches and secure approval from the State Department. China claimed its program was capable of 10 to 12 launches per year. (W Post, Jun 16/86; CSM, Jun 16/86; WSJ, Jun 17/86; C Trib, Jun 17/86)
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