Virgin Orbit Sues OneWeb Over Launch Cancellation Fee
OneWeb and Virgin Orbit are disputing a termination fee supposedly owed the launch company after the satellite operator last year canceled, allegedly without cause. Virgin in a docket 19-cv-05243 breach of contract complaint (in Pacer) filed last week in U.S.…
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District Court in Manhattan said after canceling the contract in June 2018, the satellite operator paid Virgin $22.4 million for bills outstanding, but there's a $46.3 million balance remaining that includes the termination fee. It said OneWeb argued the $22.4 million should also count toward the termination fee. OneWeb didn't comment Friday.