by Sara M. Langston with the blog faculty Source: hindustantimes.com Indian Space Research Organisation has given an estimated Rs 500 crore order to Arianespace and renewed the five-year contract with EADS Astrium for joint marketing of satellites, it was announced today during the visit of French President Nilolas Sarkozy in Bangalore on Saturday. "We have signed commercial agreements with Arianespace for two more launches – GSAT-8 in 2011 and GSAT-10 in 2012″, ISRO Chairman K Radhakrishnan said. He did not specify the contract value but ISRO sources said launch cost of each satellite is around Rs 250 crore. He also announced that a strategic alliance signed between EADS Astrium, Europe's leading satellite system specialist, and ISRO in 2005 was renewed on Saturday for another five years. Under the alliance,ISRO's commercial arm Antrix Corporation Limited and EADS Astrium, wholly owned subsidiary of EADS SPACE, will jointly address the commercial market for communications satellites with payload power below 4 Kw and a launch mass in the range of two to three tons.
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