Aerospace and defense contractor Boeing Co. (BA), Friday said it received a contract to launch the fourth satellite of the COSMO-SkyMed program for Italian Space Agency Contractor, Thales Alenia Space Italia. Launch vehicle and related support would be provided by United Launch Alliance, a Boeing-Lockheed Martin joint venture.
The spacecraft is expected to be launched in 2010 from Vandenberg Air Force Base, California, on a Delta II vehicle in the 7420-10 configuration.
Boeing Launch Services President Ken Heinly said, "The proven reliability of the Delta II rocket has enabled the success of the COSMO-SkyMed program, and this fourth satellite will deliver the full capabilities of the system."
The first three COSMO-SkyMed or Constellation of Small Satellites for Mediterranean basin Observation satellites were successfully launched by Chicago, Illinois-based Boeing from Vandenberg within the 17-month period between June 2007 and October 2008.
COSMO-SkyMed program is an end-to-end Earth-observation system which comprised of four medium-sized satellites and supporting ground stations. The system was developed by Thales Alenia Space Italia for the Italian Space Agency and the Italian Ministry of Defense to take imagery of the Earth using an X- Band Synthetic Aperture Radar instrument.
BA is currently trading at $41.79, up $0.72 or 1.75%, on a volume of 4.13 million shares.
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