Bangladesh plans to build its first satellite

March 30, 2012

(AP) -- An American firm will help Bangladesh design and launch the South Asian country's first satellite.

Officials say Space Partnership International signed a $10 million consultancy deal with the state-run Bangladesh Telecommunication Regulatory Commission in Dhaka on Thursday.

SPI Managing Director Bruce D. Kraselsky says his Maryland-based company will design the satellite and hire a company to build and launch it. He says Bangladesh wants to launch the satellite by 2015.

Bangladesh says the satellite would improve its , collect for disaster warnings and map natural resources.

says the satellite may cost $150 million. It spends $11 million a year renting foreign satellites.

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