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Export-Import Bank Chief Touts Growing Satellite Portfolio As It Faces Reauthorization

Defense Daily Staff

Friday, February 21st, 2014

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The head of the U.S. Export-Import Bank (Ex-Im) is touting its rapidly growing satellite portfolio as it faces its biennial reauthorization later this year. Ex-Im Bank Chairman Fred Hochberg on Feb. 20 touted recent successes including an $80 million loan to Orbital Sciences [ORB] to manufacture a satellite as well as a pair of $500 million financing packages to Lockheed Martin [LMT] and Boeing [BA] to manufacture satellites of their own. Hochberg told sister publication Defense Daily last year that 2013 would be the third consecutive year in…

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