Satellite fleet operator ABS's planned purchase of a third all-electric telecommunications satellite from Boeing has been stalled since the July 1 closure of the U.S. Export-Import bank, whose financing had been key to the deal, ABS and industry officials said. The contract, valued at about $90 million, is currently in a suspended state as Bermuda-based ABS and El Segundo, California-based Boeing Space and Intelligence Systems investigate alternative financing mechanisms for the ABS-8 satellite, and assess whether Ex-Im is likely to reopen this autumn.
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