BANGALORE, India The Indian Space Research Organization (ISRO) and Boeing Satellite Systems have put on hold plans to jointly manufacture and market two-ton class communications satellites, because of a change in the business plans of the U.S. entity, according to a report by the Press Trust of India..
The plan, announced a couple of months ago, was to have started with the signing of a memorandum of understanding between ISRO and Boeing Satellite Systems, a subsidiary of Boeing Corp.
"They (Boeing) are not doing small satellite business anymore. They have changed their business plans. So, it (the plan) is not going forward, at this moment it's on a hold mode," the report quoted G. Madhavan Nair, chairman of ISRO, as saying.
ISRO and Boeing had drawn up the idea after the U.S. government had authorized Boeing to engage in discussions and share data with ISRO on the division of responsibilities for potential cooperation in the development and marketing of communication satellites, the report said.
India had earlier agreed to invest equity in the Galileo project, the satellite positioning and navigation system proposed by the European Union and the European Space Agency.