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Revenue for Boeing Defense, Space & Security (BDS) increased 8% in 2023 compared to 2022, and the segment narrowed its net loss as it works to improve operating margin, particularly on satellite programs.  BDS revenue was about $25 billion in 2023, compared to $23 billion in 2022, according to Boeing’s fourth quarter results released on...

Despite concerns from some in industry that bidding on fixed-price contracts can be too risky for them in terms of generating a profit, the head of the Space Development Agency (SDA) said on Tuesday he is sticking with this business model. Derek Tournear posted on LinkedIn that following recent media reports about industry concerns related...

Northrop Grumman’s Space segment delivered another year of growth in 2023, posting 14% year-over-year growth. Space Systems was the largest and fastest-growing segment in the company in 2023, with $13.9 billion in revenue.  This continues a double-digit growth streak for the Space Systems segment. In 2022, the Space segment grew 16% year-over-year. In 2021, Northrop...

2023 was a very eventful year in the satellite industry, and a number of companies made significant announcements as the industry heads into this unprecedented multi-orbit era. 2024 promises to be as equally as significant as companies look to make good on bold, ambitious business plans with more competition than ever. To kick off the...

Lockheed Martin’s Space segment had a strong 2023, leading the company in growth with a 9% sales increase year-over-year. Strategic and missile defense programs and national security space programs led the growth. However, United Launch Alliance reported 80% lower equity earnings compared to 2022.  The Space segment posted net sales of $12.6 billion in 2023,...

Dan Hart began his three-decade career at Boeing in 1983, a path that led him into many enviable adventures — from working in Europe to collaborating with the Apollo 11 launch team to overseeing dozens of Boeing’s space programs across the U.S. Department of Defense, NASA, and other agencies. Yet perhaps the coolest experience of...

In 2017, Dan Hart left his 34-year career at Boeing to embark on a new adventure as CEO of Virgin Orbit. Working for Richard Branson’s startup was the opportunity of a lifetime during the heyday of new space, and the company enjoyed a string of successes before the company filed for bankruptcy in April 2023....

Ten years ago, governments around the globe forecast a broad swath of new rockets would be in service by now. No one would have predicted that SpaceX would dominate the global launch market, and become the de facto provider for satellite operators looking for an assured ride to space. This year, three new heavy launch...

The Earth Observation (EO) market is one of the most dynamic in satellite right now. As the fight against climate change rages on, satellite companies in this area have a vital role as they look to provide data and imagery that provides governments and enterprises all over the world with actionable insights. It is a...

Satellite issues are taking a leading role on a global stage, satellite industry regulatory experts agree after the International Telecommunication Union (ITU) World Radiocommunication Conference (WRC). As the satellite industry grows in the number of players, the applications it serves, and technological innovations, satellite issues are playing a larger role at the international spectrum gathering....