MoD saves £500m on new satellite system_2
17 August 2012
The Ministry of Defence has saved 20 per cent on a major multi-satellite system through the department’s largest private finance initiative (PFI) deal yet.
The Defence Procurement Agency (DPA) said the PFI deal cut the overall cost of Skynet 5 by about £500 million.
Skynet 5 will use at least two military satellites to deliver information between the UK’s Defence Fixed Network, which handles telecommunications, and military users in the field.
The contract went to Paradigm, a consortium headed by BAE Systems...