The body-stabilized Boeing 702, announced in October 1995 by Hughes Electronics Corp., now Boeing Satellite Systems, is a giant in size, performance and cost efficiency. Evolved from the popular, proven 601 and 601HP (high-power) spacecraft, the Boeing 702 is the world leader in capacity, performance and cost efficiency. The first satellite was launched in 1999. The satellite can carry more than 100 high-power transponders and deliver any communications frequencies that customers request. It meets customer requirements for cost, reliability and short production schedule.