U.S. signs multi-nation agreement to pay for new satellite

Thursday - 1/19/2012, 8:30am EST

Satellites are expensive, so the Defense Department is passing the hat among international partners to pay for a new one. Defense officials from Canada, Denmark, Luxembourg, the Netherlands, New Zealand and the U.S. have signed an agreement. They'll share the costs of, and the bandwidth from, a Wideband Global Satellite. Right now, the U.S. has three of the satellites in orbit. It will launch five more by 2018. The six countries will collectively pay for a ninth bird. Each satellite costs about $1 billion to get into orbit.

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