Space Systems/Loral (SSL), a subsidiary of Richmond-based MacDonald, Dettwiler and Associates (TSX:MDA), has been awarded a contract to provide a satellite to Bank Rakyat Indonesia bank (BRI).
This will make BRI the first bank in the world to launch a communications satellite, which will provide a dedicated platform for banking services in Indonesia.
“BRI selected SSL, the leading communications satellite manufacturer in the world, because of their reputation for quality, heritage and reliability,” said BRI president director Sofyan Basir.
“Because over 50 million Indonesian customers count on BRI for their financial needs, the success of the BRIsat satellite project is our highest priority. We look forward to working with SSL on the successful initiation and delivery of our first satellite.”
The satellite is scheduled to launch in 2016 and is anticipated to have a 15-year life.
