EROS B

<p>The Earth Remote Observation System-B (EROS-B) is the second satellite launched in a series of the <a href="/facts/EROS_(satellite)/S0bA4Q8n">EROS</a> family of <a href="/facts/Israel_Space_Agency/XXsUVPFv">Israeli</a> commercial <a href="/facts/Earth_observation_satellite/WK2zGRSV">Earth observation satellites</a>, designed and manufactured by <a href="/facts/Israel_Aircraft_Industries/5TTjfk7D">Israel Aircraft Industries</a> (IAI). It is owned and operated by <a href="/facts/EROS_(satellite)/S0bA4Q8n">ImageSat International N.V.</a> (ISI), in the <a href="/facts/Netherlands_Antilles/5bmWIKqe">Netherlands Antilles</a>, <a href="/facts/Cayman_Islands/exXQq3xA">Cayman Islands</a>, with offices in <a href="/facts/Limassol/yuYJmPk2">Limassol</a>, <a href="/facts/Cyprus/t9wL6lVK">Cyprus</a>, and in <a href="/facts/Tel_Aviv/cQ8X3WVd">Tel Aviv</a>, <a href="/facts/Israel/dEe3IcaY">Israel</a>. 
</p><p>ImageSat International announced that it had begun construction of "EROS B", a day before the launch of "EROS A". According to the plan, the launch of the "EROS B" was to take place in 2001, after which another 6 satellites in the series were planned. In July 2000, the company announced the completion of a capital raising of more than $90 million. A year later, it signed a $70 million credit agreement with <a href="/facts/Bank_Leumi/D20bLcf6">Bank Leumi</a> to finance the further development of the satellite series, and announced that the launch of the second satellite had been postponed to 2003. On July 28, 2001, IAI officially signed an agreement with ImageSat International to build the $110 million EROS B satellite. However the project was delayed due to difficulties in signing enough commercial customers to meet the financial costs.
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EROS B open-in-new

EROS B