Israel’s Spacecom Under Mounting Pressure As It Extends Down Payment Period, AMOS-8 Orbital Slot Claimed by Israeli Government

Israel’s Spacecom, the troubled operator of the AMOS fleet of communications satellites, has postponed its U.S.$112 million contract with Space Systems Loral (SSL) to build the AMOS-8 satellite.
Instead, Spacecom has come to an interim agreement with SSL and has a 30 day extension to raise the necessary funds for the initial down payment that will see the contract reinstated and work begun on the satellite.