HUGHES SPACE AND COMMUNICATIONS INTERNATIONAL, INC.
HUGHES SPACE AND COMMUNICATIONS COMPANY
Communications and Customer Relations
P.O. Box 92919 (S10/S323)
Los Angeles, CA 90009
(310) 364-6363 www.hughespace.com
HUGHES SIGNS CONTRACT FOR LONG MARCH LAUNCHES
BEIJING, June 21, 1997 -- Hughes Electronics Corporation agreed today to buy
at least five launches on Long March rockets from China Great Wall Industry Corporation.
Financial terms were not disclosed.
The first launch could be as early as late 1998, with the others following about
once a year. Hughes has an undisclosed number of options for additional vehicles.
"This contract reaffirms our faith in the Long March family and our intention
to use Long March to launch future Hughes satellites," said Steven D. Dorfman,
Hughes Electronics executive vice president.
Dorfman also oversees the company's satellite manufacturing business and development
of new applications as chairman of Hughes Telecommunications and Space Company. "We
are committed to doing business with Chinese industry and providing satellite communications
for China," Dorfman said.
The contract includes one Long March 3 rocket, which can accommodate Hughes' popular
HS 376 small satellite model, and four of the more powerful Long March 3B versions.
The Long March 3B can lift the larger and equally popular HS 601 and new HS 702 models.
The launch contract is held by Hughes Space and Communications International, Inc.
The launches are available to all units of Hughes Electronics and customers of Hughes
Space and Communications Company, the world's leading commercial communications satellite
builder. All the Hughes space companies are units of Hughes Electronics Corporation
of Los Angeles.
The earnings of Hughes Electronics are used to calculate the earnings per share attributable
to GMH (NYSE symbol) common stock.