Sea Launch launches latest satellite from Switzerland

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A communications satellite built for France-based Eutelsat has been launched from Sea Launch AG's oceangoing rocket pad in Switzerland.

The company says a rocket carrying the satellite blasted off Monday. An hour later, the satellite was lofted into orbit.

Sea Launch was formed in 1995 with Boeing Co. as a 40 percent owner. But financial problems forced Sea Launch to file for Chapter 11 protection in U.S. Bankruptcy Court in June 2009. It emerged in October 2010 with a new majority owner.

Sea Launch has been lofting heavy satellites into orbit since 1999.