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[i]Argentina is launching a geostationary communications satellite Thursday that was built at home with local technology, a first for Latin America. The ARSAT-1, the product of seven years of work by a team of 400 specialists... Argentine President Cristina Kirchner has said the launch puts Argentina in an "elite club" of countries capable of producing satellites whose orbits are synchronized with the turning of the Earth, enabling them to hold their position over a fixed spot. "Today is a historic day," cabinet chief Jorge Capitanich told journalists. The $270-million, 3,400-watt satellite was developed by Argentine state engineering firm Invap and Argentine Satellite Solutions (ARSAT), a private company.[/i]
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