[Satellite TODAY 06-09-10] Despite a worldwide economic recession, satellite industry revenues increased 11 percent in 2009, with four different sectors posting year-over-year growth, according to the Satellite Industry Association’s (SIA) “State of the Satellite Industry Report,” released June 8.
    The report, compiled by analysis firm Futron Corp., shows satellite manufacturing leading the way with 29 percent growth over 2008, followed by the launch industry at 18 percent, satellite services at 11 percent and the ground equipment industry at 8 percent.
    While the satellite industry performed well during the tough business climate, its 11 percent growth is a drop from the 19 percent increase SIA reported from 2007 to 2008. The satellite industry also shed 14,564 jobs in 2009, which represents 5.5 percent of the total industry workforce. The ground equipment sector had the largest employment decline, losing 8,249 jobs, while the launch industry shed the least amount, with 415 net jobs lost.

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