Focus: Telecom

[Satellite Today – 5-8-08] Globalstar Inc. saw revenues slip 5 percent in the first quarter of 2008 as operating losses surpassed $11 million, the company announced May 7.     Revenue for the quarter ending March 31 was $22.1 million, compared to $23.2 million in 2007, and the company posted an operating loss of $11.6 million....

[Satellite Today – 5-8-08] Globecomm Systems Inc. posted an 11 percent increase in revenues for the third quarter of fiscal year 2008, including a 117 percent increase in revenues from services, the company announced May 7.     Globecomm reported revenues of $43.3 million, compared to $39.1 million in the same period in 2007. Revenues from...

[Satellite Today – 5-8-08] Norsat International Inc.’s satellite system segment posted a 35 percent decrease in sales for the first quarter of 2008 and a 31.1 percent decrease in gross profit, the company announced May 7.         The segment posted sales of $955,000, compared to $1.5 million in the first quarter of 2007. Gross...

[Satellite Today – 5-8-08] Alliant Techsystems (ATK) Launch Systems division posted a 3 percent increase in sales and a 2 percent increase in operating profit for the fiscal year 2008 fourth quarter, ATK announced May 8.         Sales in the Launch Systems group rose to $286 million, compared to $278 million in 2007. The...

[Satellite Today – 5-8-08] Eutelsat has secured the “largest insurance package ever placed for a satellite operator,” Willis Inspace announced May 7.     The package provides guaranteed premium rates for all the satellites Eutelsat will deploy throughout the next three years. The first satellite to be launched under the contract will be Hot Bird 9,...

[Satellite Today – 5-7-08] Orbcomm Inc. has signed a $117 million contract with Sierra Nevada Corp. (SNC) to build 18 Orbcomm Generation 2 (OG2) satellites, Orbcomm announced May 7.         Each OG2 satellite will be equipped with an enhanced communications payload designed to increase subscriber capacity by up to 12 times over the current...

[Satellite Today – 5-7-08] MultiChoice Hellas renewed its satellite capacity contract with Eutelsat Communications until 2010 and also signed a contract for a fifth transponder, Eutelsat announced May 6.     Hellas operates pay-TV platform Nova, which delivers television, radio and interactive services in Greece and Cyprus to more than 350,000 subscribers. The additional capacity will...

[Satellite Today – 5-7-08] Hughes Network Systems Inc. reported a 6 percent increase in total revenue for the first quarter of 2008 to $237.2 million, the company announced May 7.     The VSAT segments recorded revenues of $201.4 million in the quarter, which closed March 31, up from revenues of $195.1 million in the same...

[Satellite Today – 5-7-08] DirecTV Group Inc. reported a 17 percent increase in revenues and a 17 percent increase in operating profit for the first quarter of 2008, the company announced May 7.     DirecTV posted revenues of $4.6 billion for the quarter ending March 31, compared to $3.9 billion in the first quarter of...

[Satellite Today – 5-7-08] SkyPort Global Communications signed an agreement to provide satellite bandwidth to Sabine Rig Communications’ oil and gas drilling clients, SkyPort announced May 7.     SkyPort will use its Houston-based teleport and network operations center to deliver satellite bandwidth to Sabine customers in Texas, Mississippi, Arkansas and Louisiana.     “A drilling rig...