SPI awarded contract to provide independent engineering support for Ex-Im Bank satellite financing

SPI was awarded a contract by the Export-Import Bank of the United States to serve as its Independent Technical Advisor and provide due diligence and technical oversight with respect to Inmarsat’s request for an export-credit backed loan to finance its portion of the HS3-IS condo-satellite, jointly owned with Hellas-Sat.  SPI’s due diligence broadly covered the technical, regulatory, schedule and budgetary aspects of the satellite system and launch services, and an associated risk assessment.