This report describes the meeting between the Brazilian diplomat Carmen Moura and Lockheed’s representatives Kenneth Fisher and Noel Horn. The main issue discussed at the meeting was the feasibility of the creation of the joint venture between Lockheed, the Russian Kruchinev and the Brazilian group Monteiro Aranha. The venture would utilize American made satellites from Lockheed, satellite launch vehicles from Kruchinev and the Brazilian launching site at Alcântara Launch Center.