Finance

Maxar Technologies reported its financial results for the Third Quarter (Q3) ended Sept. 30, in which revenues declined declined 5.9 percent to $479 million, compared to Q3 2018. The decrease in revenues was primarily driven by a $43 million decrease in the Space Systems segment. The decrease was partially offset by a $10 million increase...

Telesat revealed its financial results for its Third Quarter (Q3) 2019, the three month period ended Sept. 30, in which it reported consolidated revenue of $180 million ($237 million CAD), an increase of 4 percent compared to Q3 2018. The increase was due to higher revenue related to the Telstar 19 Vantage and Telstar 18...

Ball Aerospace revealed that Dr. Dave Kaufman has been named COO, effective Jan. 1, 2020. Kaufman joined Ball Aerospace in 2000 as senior program and capture manager, national security space. Since 2013, he has served as vice president and general manager of the National Defense Strategic Business Unit. Mark Healy, currently vice president of the...

Eutelsat Communications reported financial results for the First Quarter (Q1) 2019, ended Sept. 30. The company saw Q1 revenues drop to $352.6 million (316.5 euros), or a 6.5 percent decrease, like-for-like, compared to Q1 2018. Eutelsat CEO Rodolphe Belmer commented that this decrease in revenue was “notably due to worsening trends in Data and Professional...

York Space Systems revealed plans for the expansion of its production facilities to expedite the mass manufacturing of the S-Class platform, escalating production capabilities from ten satellites per year to hundreds. The increased production also aims to enable York Space Systems to accelerate satellite delivery to its commercial and government customers from one year to...

Intelsat reported revenue of $506.7 million for the three months ended Sept. 30, or its Third Quarter (Q3) 2019, a decrease of  6 percent compared to same period in 2018. Additionally, the company reported a net loss attributable to Intelsat S.A. of $148.3 million, compared to a net loss of $373.6 million in Q3 2018....

Iridium Communications reported financial results for its Third Quarter (Q3) 2019 and updated its full-year 2019 outlook. The company reported $144.8 million in third quarter revenue, which consisted of $115.9 million of service revenue and $28.9 million of revenue related to equipment sales and engineering and support projects. Total revenue increased 6 percent versus the...

Virgin Galactic and Social Capital Hedosophia, a public investment vehicle, completed their merger. The resulting company is named Virgin Galactic Holdings, and its common stock, units and warrants are expected to commence trading on the New York Stock Exchange under the new ticker symbol “SPCE”, ”SPCE.U” and “SPCE WS”, respectively, on Oct. 28. The Company...

Northrop Grumman saw a solid Third Quarter (Q3) 2019, with sales increasing in its Aerospace Systems segment, as well as overall. The company reported that its overall Q3 2019 sales increased 5 percent to $8.5 billion from $8.1 billion in the Q3 2018. Third quarter 2019 overall net earnings totaled $933 million, compared with $1.2...

SES revealed its financial results for the nine months ended Sept. 30 2019, in which revenue fell 3.9 percent compared to the same period last year. EBITDA was reported at approximately $985.5 (889.6 million euros) Year to Date (YTD) 2019, compared to approximately $1 billion (927.7 euros) YTD 2018. SES Video revenues fell 8.1 percent...