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Insurers could face Chinese satellite failure claim of $250 million

Posted On: Aug. 30, 2019 8:58 AM CST


Aerospace company China Satellite Communications Co. Ltd. could file a $250 million claim following the failure of its ChinaSat-18 telecom satellite, SpaceNews reports citing sources. The satellite encountered a problem after it was launched aboard a Long March 3B rocket on Aug. 19.

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