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. Last Updated: 07/27/2016

Eutelsat Set to Sign Deal

Russia's Applied Mechanics company will sign a contract soon to supply a new telecommunications satellite for the European satellite organization Eutelsat, a spokeswoman said Tuesday.

"We are very close to signing a contract and it could be as early as next week," Eutelsat's Vanessa O'Connor said.

The contract with NPO-PM for an undisclosed amount is part of the Eutelsat-3 program developed by Alcatel Espace, a subsidiary of France's Alcatel.