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 Technology Stocks : Loral Space & Communications

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To: Valueman who wrote (4952)12/2/1998 2:52:00 PM
From: donssRead Replies (1) of 10851
 
You would think in a normal situation that the liability for the damage would fall on the makers of the Zenit, since the Zenit was the cause of the crash. In addition I thought the 12 G* satellites fell on top of some remote mountain, thereby not damaging any buildings or similar. Maybe it cost $155 million to clean up the debris and conduct the crash investigation?

What a wonderful money maker for the Russians: If the launch is a success then charge for the launch, if unsuccessful, charge for the cleanup. You can't lose with this one, you got to hand it to them.

-don
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