October 1, 2012 / 6:20 PM / 5 years ago

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

WASHINGTON (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 (LMT.N).

    “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

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