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US Ex-Im OKs $118 mln loan for Vietnam to buy Lockheed satellite

Monday, 1 Oct 2012 | 2:08 PM ET

WASHINGTON, Oct 1 (Reuters) - The U.S. Export-Import Bank on Monday said it has approved an $118 million direct loan to a Vietnamese state-owned company to buy a telecommunications satellite and other goods and services from Lockheed Martin .

"By providing financing for Vietnam Posts and Telecommunications Group, this Ex-Im Bank loan supports U.S. manufactured satellites and U.S. jobs," Linda Reiners, a vice president at Lockheed Martin, said in a statement.

(Reporting by Doug Palmer; Editing by James Dalgleish)

((doug.palmer@thomsonreuters.com)(202 898 8341))

Keywords: USA VIETNAM/SATELLITE

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