AT&T, Lockheed Martin Settle Satellite Dispute
NEW YORK (AP) _ AT&T Corp. and Lockheed Martin Corp. have settled lawsuits over a satellite that was lost after being launched last September, the companies said Monday.
Terms were not disclosed in the settlement. But AT&T said it expects a replacement satellite to be ready for launch in mid-July. A launch date has not been set.
AT&T had sought $250 million in a federal lawsuit against Lockheed Martin, whose predecessor Martin Marietta Corp. designed the Telstar 402 satellite. Lockheed Martin had filed counterclaims.
Telstar 402 developed problems immediately after launch from the European space center in Kourou, French Guiana and failed to attain its proper trajectory.
The satellite was to have provided telephone and television links in the United States and Caribbean. Several large companies, including the Fox and ABC television networks, had planned to use it.