the company's cfo, garrett pierce serves on our advisory committee. he can tell but the difference they made. what happened here is two companies competing, the french company got financing and export bank leveled the playing field. they went head to head on cost, value, schedule, reliability. in the end orbital won, the workers at orbital won and america won because this deal continues to spur growth through the satellite industry in america. last year we financed sustained over 4,000 jobs at boeing, orbital and loral. these satellite deals have a multi-fly effect up and downstream. you've got suppliers selling parts to orbital and you have other companies making launch vehicles and communications equipment. this is the type of work ex-im bank supports day in and day out. i'd like to stop for a moment. i want to ask the ex-im employees in the room to stand and be acknowledged. can you all stand. [ applause ] >> now we have a sellout crowd. a few of them couldn't get here today, the rest are at the office. someone has to work. you know how essential e

additionally, the company's ceo, garrett pierce, serves on our advisory committee, and they can tell about the difference we made. now, what happened here is pretty simple. two companies competing, the french company got financing from its export credit agency, and ex-im bank leveled the playing field. orbital and astreum then went head to head on cost, on value, on schedule, on quality and reliability. and in the end, orbital won. the workers at orbital won. and america won because this single deal continues to spur growth in the satellite industry throughout america. last year ex-im bank financed $1.3 billion to finance seven satellites and saved over 4,000 jobs at boeing, orbital and lorral. these satellite dealers have a multiplier effect up and downstream. you've got suppliers selling parts to orbital, and you have other companies making launch vehicles and communications equipment, this the the type of work ex-im bank supports day in and day out. i want to just ask all the ex-im employees in the room to just stand and be acknowledged. can you all stand? [applause] now, we have