[April 01, 2013] Sky no limit Tweet Apr 01, 2013 (BRW - ABIX via COMTEX) -- NewSat has secured funding of $US611 million ($A587.3 million) to launch the Jabiru-2, its first satellite. The Australian listed firm received backing from local institutions and overseas export credit agencies. The Jabiru-2 will be Australia's first commercial satellite and will use the sought-after "Ka-band" orbit. The launch is due to occur in mid-2015. The satellite is being built in the US by Lockheed Martin. NewSat's capacity has been used by the US Defense Department since 2008. Publication Date: 28 March 2013 NEWSAT LIMITED - ASX NWT LOCKHEED MARTIN CORPORATION ARIANESPACE EUTELSAT COMMUNICATIONS SES ASTRA INTELSAT UNITED STATES. DEPT OF DEFENSE EXPORT-IMPORT BANK OF THE UNITED STATES COFACE SCRL SA GRESHAM INVESTMENT HOUSE STANDARD CHARTERED BANK PLC CAPITAL ASX LIMITED - ASX ASX [ Back To TMCnet.com's Homepage ]