"Our government recently approved a licence authorising Boeing Satellite Systems to engage in discussions and share data with ISRO on the division of responsibilities for possible joint cooperation in the development and marketing of communication satellites," US Under Secretary of Commerce Kenneth I Juster said.
Juster stated this during the course of his speech to the India-United States Conference on space science, applications and commerce, here.
When reporters later sought details, he reiterated the statement, saying he was doing so with the consent of both parties (Boeing and ISRO) but declined to elaborate pointing out that US Government did not comment on individual cases.
ISRO Chairman G Madhavan Nair told reporters on the sidelines that it was going to be a joint venture between the India's space agency and Boeing, adding, it would be a two-tonne class spacecraft similar to INSAT.
"We have the capability to build two-tonne class satellite like INSAT. We are having discussions with Boeing whether we can incorporate some of their payloads and go in for joint marketing internationally", he said.
Nair said if the deal came through, Boeing and ISRO would be ready with the spacecraft in two years. Composition of the satellite was yet to be looked into.