Western Union (in cooperation with NASA and Hughes Aircraft) launches the United States' first commercial geosynchronous communications satellite, Westar 1.
Westar 1 was America's first domestic and commercially launched geostationary communications satellite, launched by Western Union (WU) and NASA on April 13, 1974. It was built by Hughes for Western Union, using the HS-333 platform of spin-stabilized satellites. Westar 1 was the first of five Westar satellites launched by Western Union from 1974 to 1982. Westars 1, 2, and 3 were 12-transponder satellites while Westar 4 and Westar 5 were launched with 24 transponders. Western Union built a teleport in Cedar Hill, Texas, to uplink content to the Westar satellites (it was interconnected to WU's existing terrestrial microwave network at the time), and another teleport that, in addition to uplink services, would become the main TT&C (telemetry, tracking & control) center for the satellite (and for all of the Westar fleet later on), in Glenwood, New Jersey. A sixth satellite, Westar 6, was launched in 1984 but failed to reach orbit and was retrieved by the STS-51-A Space Shuttle mission later that year. It was later refurbished and relaunched in orbit of Asia as AsiaSat 1 in 1990.
The Western Union Company is an American multinational financial services company, headquartered in Denver, Colorado.
Founded in 1851 as the New York and Mississippi Valley Printing Telegraph Company in Rochester, New York, the company changed its name to the Western Union Telegraph Company in 1856 after merging with a competitor. The company dominated the American telegraphy industry from the 1860s to the 1980s, pioneering technology such as telex and developing a range of telegraph-related services (including wire money transfer) in addition to its core business of transmitting and delivering telegram messages.
After experiencing financial difficulties, Western Union began to move its business away from communications in the 1980s and increasingly focused on its money transfer services. The company ceased its communications operations completely in 2006 and is now the second largest money transfer provider in the world.