Finance

Airbus is expanding its aerospace activities at its site in Ottobrunn/Taufkirchen, near Munich, Germany. Bavarian Minister-President Markus Söder and Airbus Defense and Space Chief Executive Officer (CEO) Dirk Hoke, gave the green light for the modernization of solar array production for satellites, and for the commissioning of expanded clean rooms for optical satellite instruments. In...

Viasat, fresh from an impressive deal with European airline Neos, saw significant Q3 revenue increases across the board. Overall, its revenues for the quarter ended Dec. 31 reached $554.7 million, a 45 percent increase compared to the same stage last year. It also showed a strong performance in key areas like its satellite services business, which reached...

NSR’s Flat Panel Satellite Antennas, 4th Edition (FPA4) report, released today, forecasts cumulative FPA equipment sales to reach approximately $11 billion by 2028. NSR’s FPA4 finds aeronautical equipment will drive revenue growth for manufacturers, while fixed broadband applications on Non-Geostationary Orbit (NGSO) satellites will be the main volume market. According to the release, FPAs have...

SES is streamlining customer support and services by forming a global services delivery team under the leadership of a Chief Services Officer (CSO). The newly created CSO position consolidates all customer support and operational delivery, logistics and services related resources across the video and data businesses. It unifies functions across the organization into a single...

Iridium Communications revealed that Chief Operating Officer (COO) Scott Smith decided to retire effective March 15. In conjunction with this announcement, the company is welcoming back to Iridium new Chief Operations Officer Suzi McBride. McBride will assume this position effective as of Feb. 11. Making a return to Iridium as COO, McBride will lead operations...

Boeing reported its fourth quarter (Q4) 2018 and full year results, in which the company reported record revenue of $28.3 billion. Its Defense, Space, and Security segment’s Q4 revenue increased to $6.1 billion, a 16 percent increase compared to the same period the year prior. This was driven by increased volume across F/A-18, satellites, and weapons. The...

SiriusXM released its fourth quarter (Q4) and full-year 2018 operating and financial results, including record revenues of $1.5 billion and $5.8 billion, respectively, increasing 7 percent and 6 percent compared to the prior year periods. The Company’s net income totaled $251 million in the fourth quarter, compared to $37 million in the prior year period, while full-year 2018 net income grew 81 percent...

Harris reported its financial results for Second Quarter (Q2) 2019. In its Space and Intelligence Systems division, revenue increased 11 percent as double-digit growth from classified programs, driven by small satellites, exquisite systems and ground-based adjacencies, was partially offset by expected lower revenue from environmental programs. Operating income increased 15 percent to $92 million. Orders increased...

Lockheed Martin released its results for Fourth Quarter (Q4) 2018, as well as for the full year of 2018. Lockheed Martin’s Space segment’s net sales in Q4 2018 increased $49 million, or 2 percent, compared to the same period in 2017. The increase was primarily attributable to higher net sales of approximately $25 million for the Orion program...

A new $1.3 million (1 million British pounds) MOD investment will be funding the development of a new generation of British deployable satellite antennas. The ‘wrapped rib’ antenna aims to be lighter, less complex and more cost-competitive than those currently available commercially. The antenna will be exclusively developed in the U.K. by Oxford Space Systems (OSS). In...